Technology Minerals PLC (GB:TM1), a leader in the UK’s sustainable circular economy for battery metals, has announced that it has drawn down £600k from its £5.5 million facility with Atlas Capital Markets. The funding will be used to scale operations at its lithium-ion plant, further solidifying the company’s commitment to recycling and reusing battery technologies.
Currently holding a 48.35% stake in Recyclus Group Ltd., Technology Minerals PLC is also issuing warrants at a 20% premium attached to the convertible bonds. These warrants will expire in two years, highlighting the company’s dedication to contributing to a renewable energy future.
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