Regulatory Announcement

£5 million Convertible Bond Facility, CLN Extension, and Offer to Warrantholders

TM1 is pleased to announce that it has entered into a £5.0 million convertible bond facility (the "Facility") with CLG Capital LLC ("CLG").

Technology Minerals has entered into an agreement with CLG Capital LLC ("CLG") to issue up to £5.0 million Floating Rate 24-month Convertible Bonds ("the Facility"). The Convertible Bonds are subject to a 40 day lock up period after issue before they may be converted into Ordinary Shares in the Company, such conversion to be at a price of 95% of the average of the Volume Weighted Average Price ("VWAP") of the Shares on three Trading Days (selected by CLG) during the 10 consecutive Trading Days immediately prior to the receipt by the Company of the relevant Conversion Notice. The Facility is secured against the Company's shares in Recyclus Group Ltd. The Company will pay to CLG a fee of 3% of the aggregate principal amount of each Tranche of Convertible Bonds issued on the Issue Date.

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