REG - Technology Minerals

REG - Technology Minerals - Updated Settlement Agreements

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

("Technology Minerals" or the "Company")

Update on Settlement Terms with Jonathan Swann and Atlas Special Opportunities II, LLC

Technology Minerals Plc TM1, the UK listed company focused on building national resource and manufacturing resilience, announces that it has entered into an Amended and Restated Deed of Restructure and Standstill with Jonathan Swann ("Swann") dated 13 July 2026 and an Amended and Restated Deed of Restructure and Standstill with Atlas Special Opportunities II, LLC ("Atlas") dated 14 July 2026 (together the "Updated Settlement Agreements").

These Updated Settlement Agreements supersede the previous conditional settlement terms announced on 15 January 2026 (as updated on 10 March 2026, 4 June 2026 and 22 June 2026).

These agreements reduce the cash burden of completion and provide greater flexibility in managing near-term obligations. Completion of both Updated Settlement Agreements remains conditional upon, inter alia, the successful completion of the Placing and Admission of the new ordinary shares. Further details are set out in the Prospectus, which is expected to be published shortly following FCA approval.

Jonathan Swann - Amended and Restated Deed of Restructure and Standstill

Under the Amended and Restated Deed of Restructure and Standstill dated 13 July 2026, Swann's Restructured Amount of £2,900,000 is subject to a re-profiling of the Restructured Amount between equity and debt will be settled as follows:

• £1,625,000 (previously £1,900,000) will be satisfied by the issue of ordinary shares as participation in the Anticipated Placing (the "Debt Conversion"). At the Placing Price of £0.0005 per share this equates to 3,250,000,000 new ordinary shares;

• The Remaining Balance of £1,275,000 (previously £1,000,000) will remain outstanding as a term loan (the "Loan").

All other terms remain as previously announced.

Atlas Special Opportunities II, LLC - Amended and Restated Deed of Restructure and Standstill

Under the Amended and Restated Deed of Restructure and Standstill dated 14 July 2026, Atlas' outstanding amount Restructured Amount of £1,700,000, will be settled to reduce near-term cash consideration payable on completion by £250,000 as follows:

• Cash payment of £750,000 (previously £1,000,000) to be paid within three Trading Days of the Company receiving the proceeds of the Anticipated Placing;

• £300,000 to be satisfied by the issue of ordinary shares as participation in the Anticipated Placing (at the same placing price and with the same placee rights, including any warrants). At the Placing Price of £0.0005 this equates to 600,000,000 new ordinary shares; and

• £650,000 to remain outstanding as a loan repayable 24 months from the Restructure Date (the "Loan").

Interest on the Loan accrues at 8% per annum from the Restructure Date and is payable on the first anniversary of the Restructure Date and on maturity. The Company may repay the Loan in part or in full on five days' notice. The Company may also convert any outstanding amount of the Loan into ordinary shares on five Trading Days' notice at the average VWAP during the notice period, subject to Atlas (and its associates) not exceeding 2.9% of the issued share capital following conversion and only in a calendar month in which the Company's shares have traded with an aggregate value exceeding £3,000,000.

All existing warrants or options held by Atlas in connection with the original convertible bond facility will automatically terminate and lapse on the Restructure Date. Atlas has agreed to a standstill until the Longstop Date of 30 July 2026. In the event of any future equity capital raising (other than the Anticipated Placing), 10% of the net proceeds shall be applied towards repayment of the Loan. In the event of any future debt capital raising ranking pari passu or senior to the Loan, the net proceeds shall be applied to repay the Loan in full in priority.

Alex Stanbury, Chief Executive Officer

Gracechurch Group (Financial PR)

Harry Chathli, Alexis Gore, Rebecca Scott

Technology Minerals is developing the UK's first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.

Technology Minerals' Mantle Strategy

The Mantle strategy is Technology Minerals' repositioning as a listed national resilience company, built on the conviction that the private sector must play a central role in securing the UK's sovereign supply of critical resources, capabilities and infrastructure. It aligns the Company directly with the UK Government's Critical Minerals Strategy (Vision 2035) and its targets for domestic production, recycling and reduced reliance on single-country supply.

Mantle is executed across three pillars: Natural Resources (domestic reclamation, extraction, international exploration and stockpiling, anchored by Recyclus Group and the Company's mineral exploration assets); Critical Capabilities (foundational midstream and downstream capacity); and an Enabling Ecosystem (the partnerships and investments needed to pre-empt emerging requirements). Delivery will begin with a consolidation phase that resets the balance sheet and catalyses existing assets, followed by execution of a near-term pipeline of value-accretive opportunities - several revenue-generating and aligned with UK defence and national resilience requirements - as the Company scales towards becoming a critical part of the UK's resilience ecosystem.

Further information on Technology Minerals is available at  www.technologyminerals.co.uk.

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