S6 Ep48: Midweek Takeaway Q&A featuring Alex Stanbury and Robin Brundle of Technology Minerals (LSE:TM1) #TM1

The Sunday Roast

Phil Carroll and Kevin Hornsby talk to Alex and Robin after the company secured a £5 million convertible bond facility with CLG Capital . The facility consists of Floating Rate 24-month Convertible Bonds, subject to a 40-day lock-up period, with conversion into Ordinary Shares at a price of 95% of the average of the VWAP of the Shares on selected trading days. The Facility is initially for general working capital, supporting the ramp-up of Recyclus' Li-ion battery recycling plant in Wolverhampton, where Technology Minerals owns 48.35% of Recyclus. CLG will also receive warrants based on the notional value of each tranche, specializing in structured transactions to high-growth companies.
Keith Hinde also asks questions of Investors surrounding the recycling business.
Disclaimer & Declaration of Interest
The information, investment views, and recommendations in this podcast are provided for general information purposes only. Nothing in this podcast should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.