Publication of Prospectus
Technology Minerals Plc has announced the publication of a simplified prospectus following approval by the Financial Conduct Authority, detailing a placing and settlement of new ordinary shares. The company will issue 4,170,000,000 placing shares at £0.0005 each to raise approximately £2.085 million gross, and an additional 5,181,083,482 settlement shares to creditors. The net proceeds of approximately £2,000,000 are earmarked for a £750,000 settlement payment to Atlas, around £200,000 for mineral exploration and battery metals sector investments, and approximately £1,050,000 for general working capital. Admission and commencement of dealings are expected around 20 July 2026.
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Following the passing of the resolutions at the Company's Annual General Meeting held earlier today, Technology Minerals Plc (LSE: TM1), the UK listed company focused on building national resource and manufacturing resilience, is pleased to announce that the Financial Conduct Authority has approved a simplified prospectus ("Prospectus") prepared in accordance with the Prospectus Rules: Admission to Trading on a Regulated Market in connection with the Placing and the application for Admission of the New Ordinary Shares.
The Prospectus has been published and will be available on the Company's website today at www.technologyminerals.co.uk and will be made available free of charge at the Company's registered office.
Key Terms of the Placing and Settlement
Pursuant to the Placing, the Company will issue 4,170,000,000 new ordinary shares of £0.0005 each ("Placing Shares") at a price of £0.0005 per share to raise gross proceeds of approximately £2.085 million.
In addition, the Company will issue 5,181,083,482 Settlement Shares comprising:
| · | 3,250,000,000 New Ordinary Shares to Jonathan Swann pursuant to the Amended Swann Settlement Deed; |
| · | 600,000,000 New Ordinary Shares to Atlas Special Opportunities II, LLC pursuant to the Amended ACM Settlement Deed; and |
| · | approximately 1,331,083,482 New Ordinary Shares to various other creditors in part settlement of sums due. |
The total number of New Ordinary Shares to be issued (Placing Shares and Settlement Shares) is 9,351,083,482. Following Admission, the Enlarged Share Capital is expected to be 12,495,477,697 ordinary shares of £0.0005 each.
Use of Proceeds
The Company expects to receive net proceeds of the Placing of approximately £2,000,000, which it intends to use as follows:
| · | £750,000 (fixed sum) to fund the settlement payment to Atlas under the Amended ACM Settlement Deed; |
| · | approximately £200,000 to advance existing and acquire new early-stage mineral exploration projects, make investments across the Battery Metals sector and pursue selected lateral critical-resilience opportunities (including defence-related supply chains); and |
| · | approximately £1,050,000 for general working capital. |
| Expected Timetable | |
| · | Publication of Prospectus: 17 July 2026 |
| · | Admission and commencement of dealings in the Ordinary Shares, Placing Shares and Settlement Shares on or around 20 July 2026 |
| · | Following Admission, the ISIN for the Ordinary Shares will be GB00BWYF7709. The existing ISIN, GB00BP094P47, will cease to be valid from Admission. |
| · | A further announcement will be made on Admission |
No application is being made for the A Ordinary Shares (arising from the Subdivision) to be admitted to the Official List or to trading on the London Stock Exchange. It is intended that the A Ordinary Shares will be reclassified as Deferred Shares at a General Meeting to be convened following Admission.
Technology Minerals' Mantle Strategy
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