Replacement - WRAP Retail Offer
Technology Minerals Plc is launching a WRAP Retail Offer to issue new ordinary shares at £0.0005 each, mirroring the price of a recent £2,000,000 Placing. The proceeds from this retail offer will be used similarly to the Placing, with admission of the new shares expected by July 29, 2026. The offer is open to existing UK retail shareholders, with a minimum subscription of £100, and is expected to close on July 23, 2026.
Select text to share a quote on X · sign in to keep highlights & notes in your MNTL notes
Replacement RNS: This announcement replaces the RNS titled 'WRAP Retail Offer' issued at 7.00 a.m. on 20 July 2026 with RNS number: 9786M
Technology Minerals Plc
("Technology Minerals" or the "Company")
WRAP Retail Offer
Technology Minerals Plc (LSE: TM1), the first UK listed company focused on creating resource and manufacturing resilience through a sustainable circular economy for battery metals and other critical resources, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") (the "WRAP Retail Offer") through the issue of new ordinary shares of £0.0005 each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer, new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of £0.0005 per share.
In addition to the WRAP Retail Offer and as announced on 17 July 2026, the Company raised net proceeds of £2,000,000 through a Placing at a price of £0.0005 per Ordinary Share ("Placing"). The issue price of the WRAP Retail Offer Shares is equal to the Placing Price.
A separate announcement has been made regarding the Placing and its terms and sets out the reasons for the Placing and use of proceeds. The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Placing. No proceeds of the WRAP Retail Offer, however, are expected to be used to fund settlement payments to Atlas Capital Markets LLC under the Amended ACM Settlement Deed.
Admission of the Retail Offer Shares is expected to occur no later than 8.00 a.m. on or around 29 July 2026.
The WRAP Retail Offer is conditional on the New Ordinary Shares being admitted to trading on the main market for listed securities of the London Stock Exchange plc ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 29 July 2026.
WRAP Retail Offer
Therefore, the Company is making the WRAP Retail Offer available to eligible investors in the United Kingdom following release of this announcement through certain financial intermediaries, being existing shareholders of Technology Minerals Plc.
The Retail Offer is expected to close at 2.00 p.m. on 23 July 2026. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the Retail Offer is expected to be announced by the Company on or around 24 July 2026.
The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges. The minimum subscription amount for each investor is £100.
Technology Minerals Plc
| Alex Stanbury, Chief Executive Officer | c/o +44 (0)20 4582 3500 |
| Oberon Capital (Broker) | |
| Nick Lovering, Adam Pollock | +44 (0)20 3179 5300 |
| Winterflood Retail Access Platform | WRAP@winterflood.com |
| Sophia Bechev, Kaitlan Billings | 0203 100 0214 |
| Gracechurch Group (Financial PR) | |
| Harry Chathli, Alexis Gore, Rebecca Scott | +44 (0)20 4582 3500 |
Further information on the Company can be found on its website at technologyminerals.co.uk.
The Company's LEI is 2138001U1U2XY5UYA479
UK Product Governance Requirements
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.