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

Technology Minerals' Commitment to Battery Metals and Circular Economy Innovation

Technology Minerals Plc stands as the first UK-listed company focused on building resource and manufacturing resilience through a sustainable circular economy model targeting battery metals and critical resources. This strategic positioning aligns with rising global demand for responsible sourcing and recycling of materials vital to the energy transition and technological progress. Battery metals such as lithium, cobalt, nickel, and other essential elements for rechargeable batteries have gained strategic importance amid accelerating electrification and renewable energy adoption worldwide.

The company’s circular economy approach addresses a significant market gap by prioritizing sustainable sourcing and recovery of critical materials instead of relying solely on primary extraction. This model responds to increasing regulatory requirements and investor demand for environmentally responsible supply chains. As governments worldwide strengthen environmental and supply chain resilience standards, companies in the critical resources sector face heightened scrutiny over sourcing practices and sustainability credentials.

WRAP Retail Offer Structure and Pricing Details

The WRAP retail offer provides new ordinary shares priced at £0.0005 each to eligible UK retail investors through financial intermediaries. This price matches that paid by institutional investors in the concurrent placing announced on 17 July 2026. The placing raised net proceeds of £2 million, establishing a consistent valuation benchmark applicable to all investor categories participating in the current capital raise.

Eligible participants must be existing Technology Minerals Plc shareholders, customers of a participating financial intermediary, and aged 18 or older (including qualifying entities such as companies, trusts, and partnerships). The minimum subscription per investor is £100. Shares issued under the offer will be fully paid and rank pari passu with existing shares, including rights to dividends and distributions declared after issuance. The company reserves the right to adjust offer size and timing, scale back orders, and reject applications without explanation.

WRAP Offer Timeline and Trading Admission

The retail offer is set to close at 2.00 p.m. on 23 July 2026, though participating financial intermediaries may impose earlier deadlines. Results are expected to be announced around 24 July 2026. Applications accepted via intermediaries are binding and cannot be withdrawn.

Admission of new shares to the London Stock Exchange main market is anticipated at 8.00 a.m. on 29 July 2026, with trading commencing simultaneously. The WRAP retail offer’s completion depends on this admission, reflecting the platform’s administrative efficiency and the company’s intent to finalize the capital raise promptly while market conditions remain favorable.

Allocation of Proceeds and Clarification on Atlas Capital Settlement

Proceeds from the WRAP retail offer will be deployed identically to those from the concurrent £2 million placing. Notably, no funds from the WRAP offer will be used for settlement payments to Atlas Capital Markets LLC under the Amended ACM Settlement Deed. This distinction provides clarity for investors regarding capital allocation, confirming that new funds will not service existing settlement obligations.

A separate placing announcement details the rationale and use of proceeds. By aligning WRAP proceeds with institutional capital deployment, the company ensures consistent capital allocation discipline and equitable benefits for all shareholders.

Emphasis on Retail Shareholder Inclusion

Technology Minerals underscores its commitment to retail shareholders by providing UK retail investors the opportunity to participate in the WRAP Retail Offer. This reflects a deliberate governance decision to grant existing retail investors parity with institutional participants concerning pricing and terms. The company recognizes the importance of maintaining robust retail ownership within its shareholder base.

Existing shareholders interested in participating should contact their broker or wealth manager. Retail brokers and financial intermediaries wishing to facilitate customer participation can reach out to [email protected] for participation details. This communication framework ensures transparent investor engagement while allowing intermediaries to manage compliance and operational processes.

Investor Eligibility and Subscription Process

To participate in the WRAP retail offer, applicants must be customers of a participating financial intermediary and hold Technology Minerals shares prior to this announcement. This ensures the offer targets the existing retail shareholder base rather than new investors seeking preferential pricing. Eligible investor categories include individuals, companies, partnerships, trusts, associations, and other unincorporated organizations.

The £100 minimum subscription facilitates accessible retail participation. Subscription terms, including any commissions or fees, will be disclosed by participating intermediaries, enabling transparent client communication while the company manages offer mechanics through WRAP.

Important Risk Disclosures for Investors

The announcement contains significant risk warnings that prospective investors must consider. Technology Minerals states that investing in ordinary shares involves risks, including potential loss of the entire investment. Investment values and income can fluctuate, and past performance or forecasts are not reliable indicators of future results.

Investors are advised to seek independent advice from qualified professionals if uncertain about investing. The announcement does not constitute investment, taxation, or legal advice, nor a recommendation to invest. These disclosures comply with UK financial regulations and acknowledge the speculative nature of equity investments in smaller, emerging sector companies focused on sustainable battery metal recovery.

Product Governance and Regulatory Compliance

The offer complies with product governance requirements under Chapter 3 of the FCA Handbook Product Intervention and Product Governance Sourcebook (UK MiFIR). The retail offer shares are deemed suitable for retail investors, professional clients, and eligible counterparties as defined in the Conduct of Business sourcebook (COBS), and are distributable through all permitted channels.

Despite this target market assessment, distributors must note the share price may decline, and investors could lose all or part of their investment. The shares provide no guaranteed income or capital protection and are suitable only for investors capable of assessing risks and bearing potential losses. This assessment does not constitute individual suitability advice or investment recommendation.

Jurisdictional and Regulatory Distribution Restrictions

This announcement is not for release, publication, or distribution in the United States, Australia, New Zealand, Canada, South Africa, Japan, any European Economic Area member state, or any jurisdiction where such distribution would violate laws. Recipients must observe applicable jurisdictional restrictions. The announcement and related materials are financial promotions restricted to UK persons under Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, including existing Technology Minerals shareholders.

The securities have not been and will not be registered under the US Securities Act and cannot be offered or sold in the US except under an applicable exemption. No public offering is made in the US. Winterflood (MF), operating the WRAP platform, is authorised and regulated by the FCA with registered office at 155 Bishopsgate, London. Oberon Capital, acting as broker, is also FCA authorised and regulated in the UK.

Participation Procedures for Existing Shareholders

Existing shareholders wishing to participate should contact their broker or wealth manager for guidance on the subscription process. Brokers and wealth managers can obtain further information by contacting [email protected]. Participating intermediaries will provide detailed subscription terms, including commission and fee disclosures.

Applications accepted via intermediaries are irrevocable. Investors should carefully consider their decision before applying. The company reserves rights to scale back or reject applications without explanation, though accepted applications remain binding. For shareholders aged 18 or older, the retail offer presents an opportunity to increase holdings at the same valuation as institutional investors.