Technology Minerals Launches WRAP Retail Share Offer at £0.0005 Following £2 Million Placing

Technology Minerals Advances UK Critical Minerals and Battery Metals Supply Chain

Technology Minerals is pioneering the UK’s first listed sustainable circular economy for battery metals, strategically aimed at bolstering the nation’s critical resource resilience. The company’s operations span raw material exploration essential for lithium-ion batteries alongside recycling initiatives targeting spent lithium-ion batteries, supporting battery manufacturers seeking sustainable supply chains. This dual approach underscores the strategic imperative of securing domestic supply chains vital to the renewable energy transition and modern technology infrastructure.

Anchored by Recyclus Group and its mineral exploration assets, Technology Minerals integrates resource extraction with circular economy principles. This operational framework aligns closely with the UK Government’s Critical Minerals Strategy (Vision 2035), targeting increased domestic production, enhanced recycling capacity, and reduced reliance on single-country suppliers. The company’s focus on battery metals taps into the growing global demand driven by the rapid adoption of electric vehicles and renewable energy storage solutions.

The Mantle Strategy: Positioning as a National Resilience Leader

Technology Minerals has unveiled the Mantle Strategy, repositioning itself as a listed national resilience company grounded in the belief that the private sector must secure the UK’s sovereign supply of critical materials, capabilities, and infrastructure. This strategy reflects the view that domestic supply security for critical materials is both an economic opportunity and a national priority. By aligning with government objectives, Technology Minerals aims to become a key player in the UK’s emerging critical minerals ecosystem.

The Mantle Strategy comprises three pillars: Natural Resources, covering domestic reclamation, extraction, international exploration, and stockpiling led by Recyclus Group and exploration assets; Critical Capabilities, focused on developing midstream and downstream capacities; and an Enabling Ecosystem, establishing partnerships and investments to meet emerging needs. The company plans a phased rollout, starting with balance sheet consolidation and asset activation, followed by execution of near-term value-accretive projects, some revenue-generating and aligned with UK defence and resilience priorities. This approach enables Technology Minerals to gradually scale as a vital component of UK resilience infrastructure.

Overview of the £2 Million Placing and WRAP Retail Offer

On 17 July 2026, Technology Minerals announced raising £2,000,000 net proceeds through a placing of ordinary shares at £0.0005 each. This capital supports advancing mineral exploration, battery metals, and critical resilience projects while maintaining working capital. The placing’s success at this price demonstrated strong investor demand and established a valuation foundation for the subsequent retail offer.

The WRAP Retail Offer, announced on 20 July 2026, immediately follows, providing existing UK shareholders the chance to subscribe for new shares at the same £0.0005 price. Proceeds will be allocated identically to the placing, advancing mineral exploration, battery metals, and resilience initiatives, alongside general working capital. Importantly, no WRAP proceeds are expected to fund settlement payments to Atlas Capital Markets LLC under the Amended ACM Settlement Deed, ensuring capital is dedicated to operational growth rather than historical obligations.

WRAP Retail Offer Terms and Participation Details

The WRAP Retail Offer is available exclusively to eligible UK investors who are existing Technology Minerals shareholders and clients of participating financial intermediaries via the Winterflood Retail Access Platform. Eligible applicants include individuals aged 18 or over, companies, partnerships, trusts, associations, and other unincorporated entities holding shares prior to the announcement. This structure limits the offer to current shareholders while leveraging financial intermediary networks for subscription facilitation.

A minimum investment of £100 per participant applies. Subscription terms, including commission or fees, will be provided by intermediaries, allowing varied participation structures. Shareholders should contact their brokers or wealth managers to participate. Retail brokers wishing to act on behalf of clients should email [email protected]. The offer closes at 2:00 p.m. on 23 July 2026, though intermediaries may enforce earlier deadlines. Applications once accepted are irrevocable, a critical consideration for investors.

Regulatory Status and Prospectus Exemptions

The WRAP Retail Offer is made under UK exemptions from public offer prohibitions per Schedule 1 (Part 1) of The Public Offers and Admission to Trading Regulations 2024 and FCA Prospectus Rules exemptions for regulated market admissions. The offer is targeted at existing shareholders via intermediaries, not a broad public offering. It is distinct from the Prospectus published on 17 July 2026, which does not cover the WRAP Retail Offer or related shares.

Technology Minerals is listed on the London Stock Exchange Main Market, ensuring liquidity and regulatory compliance. The FCA’s public offers and admissions regime effective from 19 January 2026 governs this offer. All transactions remain subject to UK prospectus rules, exemptions, shareholder approvals, and regulatory requirements, providing investor protections within a rigorous framework.

New Ordinary Shares: Rights and Ranking

The WRAP Retail Offer shares are new ordinary shares of £0.0005 each, issued fully paid at £0.0005 per share. These shares rank pari passu with existing ordinary shares regarding voting rights, dividends, and distributions, ensuring equal treatment for new investors. Shareholders will be entitled to dividends declared after issuance, participating equally with existing holders. The fully paid status means no further capital calls apply, although investment risks remain tied to company performance and market conditions.

Company Rights and Investor Risk Disclosures

Technology Minerals reserves the right to modify the retail offer’s size and timing, scale back subscriptions, or reject applications without explanation, providing flexibility to manage capital raising effectively. Investors should note that acceptance is not guaranteed.

The announcement includes comprehensive risk warnings, highlighting that investments carry capital risk with possible loss of principal. Past performance and forecasts are not reliable indicators of future results. Investors are urged to seek independent advice from qualified professionals before investing. The company does not provide investment, tax, or legal advice, placing responsibility on investors to conduct due diligence.

Use of Proceeds and Strategic Development

Net proceeds from the WRAP Retail Offer will fund mineral exploration, battery metals, critical resilience projects, and general working capital in line with the placing’s allocation. This commitment supports the company’s Mantle Strategy and its focus on domestic critical minerals supply and circular economy development.

Crucially, no proceeds will be allocated to settlement payments to Atlas Capital Markets LLC under the Amended ACM Settlement Deed, preserving capital for operational growth and strategic initiatives, potentially accelerating Technology Minerals’ advancement in critical minerals and battery metals sectors.

Contact Details and Additional Resources

For further information on Technology Minerals and the WRAP Retail Offer, investors can contact CEO Alex Stanbury at +44 (0)20 4582 3500. Additional company details and the 17 July 2026 Prospectus are available at www.technologyminerals.co.uk.

Retail brokers and financial intermediaries interested in participating should email [email protected]. Oberon Capital, the company’s broker, can be reached at +44 (0)20 3179 5300 (Nick Lovering or Adam Pollock). Gracechurch Group, the financial PR adviser, is available at +44 (0)20 4582 3500 (Harry Chathli, Alexis Gore, or Rebecca Scott). These contacts provide comprehensive support for inquiries related to the offer.