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.