London Stock Exchange welcomes Technology Minerals plc to the Main Market

London Stock Exchange today welcomes Technology Minerals Plc (“TM” or the “Company”), the first listed UK company focused on creating a sustainable circular economy for battery metals, to begin trading on its Main Market under the ticker symbol “TM1”.

Following the successful pre-IPO fundraise of approximately £5 million, the Company has 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. On Admission, the Company has 1,212,312,941 Ordinary Shares in issue, with a market capitalisation of just under £27.3 million.

Technology Minerals is a majority shareholder across a portfolio of global battery metal projects and the Company owns 49% of a battery-recycling business, Recyclus Group Ltd (“Recyclus”). The Company is focused on extracting raw materials required for lithium-ion (“Li-ion”) batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. By using cutting-edge technology to recycle, recover, and re-use battery technologies on an industrial scale, TM is poised to be integral to a renewable energy future.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
37.58
Listing/Admission to trading
17 Nov 2021

Alexander Stanbury, Chief Executive Officer of Technology Minerals, says:

“We are delighted to be celebrating Technology Minerals listing on the London Stock Exchange today.

“Technology Minerals will be the UK’s first 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.

“The world is moving towards electric vehicles which in turn increases demand for metals essential for the batteries needed to power them. Through our ownership of assets which in the future can help with the supply of these battery metals, and technology that can assist in the recycling of batteries, we believe Technology Minerals will be at the forefront of helping the transition of the energy and automotive industry towards a more sustainable future.”

Advisors to the IPO include:

  • Financial Adviser: Alfred Henry
  • Broker: Arden Partners
  • Lawyers: Setfords
  • Accountants: Jeffreys Henry
  • Financial PR: Luther Pendragon
  • Registrars: Neville Registrars
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