Technology Minerals Secures Funding and Extends Debt Restructuring Timeline

Technology Minerals secures extended deadlines for its convertible notes to March 2026, while its battery recycling subsidiary Recyclus launches a £30M pre-money valuation equity crowdfunding round.

Technology Minerals is advancing its strategic growth through a dual-track approach. The company's subsidiary is raising capital through a public funding initiative, while the parent firm negotiates extended terms for its outstanding convertible debt. These concurrent moves aim to solidify the group's financial foundation for its long-term operational goals.

Extended Deadlines for Convertible Notes

In a key development, Technology Minerals has announced revised timelines for settling its Convertible Loan Notes. Agreements with noteholders, including Atlas Special Opportunities, have been extended.

The deadline for the planned placement of these instruments has been moved from February 16 to March 20, 2026. Consequently, the final date for admitting the resulting new shares to trading on the London Stock Exchange is now April 30, 2026, rather than the end of March.

Proceeds from this capital measure are intended to address existing liabilities and provide working capital to fund operations over the next twelve months. Management's immediate focus is on successfully concluding this financing by the March 20 deadline and finalizing the ongoing audit process.

Recyclus Group Launches Equity Crowdfunding Round

In a separate but related initiative, Recyclus Group Ltd.—49.35% owned by Technology Minerals—commenced an equity crowdfunding campaign on the Crowdcube platform. The battery recycling specialist is seeking fresh investment at a pre-money valuation of £30 million.

Recyclus reported impressive commercial progress, achieving a 179% increase in revenue for 2025 compared to the prior year. After recording its first profitable months in July and August, the company delivered its strongest monthly performance to date in December.

The capital raised will be directed toward acquiring additional equipment for its Wolverhampton facility. This investment is designed to boost productivity and recovery yields at its industrial-scale lithium-ion battery recycling plant, enhancing the output of critical battery materials.