Technology Minerals Plc, the first UK company focused on creating a sustainable circular economy for battery metals, is delighted to announce the admission of the Company’s entire issued share capital to the Official List of the Financial Conduct Authority by way of a Standard Listing under Chapter 14 of the Listing Rules (“Standard Listing”).
To trading on the London Stock Exchange’s Main Market for listed securities. Dealings in the Company’s Ordinary Shares will commence at 08:00 GMT today under the symbol “TM1”.
The Company has successfully raised gross proceeds of approximately £1.5 million (before expenses) through a placing of 66,666,667 New Ordinary Shares at a price of 2.25 pence per Ordinary Share. The Placing follows on from a pre-IPO fundraise in which the Company raised approximately £5 million. On Admission, the Company will have 1,212,312,941 ordinary shares in issue, with a market capitalisation of the Company on Admission of just under £27.3 million. The ISIN number is GB00BP094P47 and the SEDOL is BP094P4.
The Prospectus is available on the Company’s website: https://www.technologyminerals.co.uk/
Alexander Stanbury, Chief Executive Officer of Technology Minerals, says: “We are pleased to announce our successful placing and admission by way of a Standard Listing. We are perfectly positioned to take advantage of the 21st century transport revolution as the industry transitions from petrol and diesel engines to electric vehicles. With the listing today, we can move ahead to solve the two key challenges – namely the production of Lithium-ion batteries for EVs – and down the line, the recycling of those batteries when they’re spent and no longer usable.
“We are proud to be the first UK listed company to create a circular economy in the battery metals sector, covering the entire mineral life cycle from exploration and mining through to end-of-product recycling for cobalt, lithium, nickel, and manganese. We’d really like to thank our current investors and welcome new ones as we embark on the next phase of our development.”
Technology Minerals Plc
Robin Brundle, Executive Chairman
Alexander Stanbury, Chief Executive Officer
+44 20 7618 9100
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