Strategic Update on Holding in Recyclus Group Limited
TM1 is pleased to provide the following update regarding the Reverse Takeover by its 48.35% subsidiary, Recyclus Group Ltd ("Recyclus").
Technology Minerals will issue 40,849,673 ordinary shares of £0.001 per share ("Ordinary Shares") at a conversion price of 0.612p per Ordinary Share.
Recyclus Group Ltd ("Recyclus"), has signed an agreement with UK-based shared sustainable transport operator, Beryl, to recycle waste lithium-ion ("Li-ion") batteries from its fleet of e-bikes and e-scooters.
Technology Minerals will issue 40,849,673 ordinary shares of £0.001 per share ("Ordinary Shares") at a conversion price of 0.612p per Ordinary Share.
Technology Minerals has entered into binding Heads of Agreement with European Lithium to sell 100% of the issued share capital of LRH, a wholly-owned subsidiary of Technology Minerals