Technology Minerals Updates Restructure Deals

04:53 AM EDT, 07/15/2026 (MT Newswires) -- Technology Minerals (TM1.L) entered into an amended and restated restructure and standstill agreements with Jonathan Swann and Atlas Special Opportunities II to reduce its near-term cash burden. The minerals explorer said Wednesday that under its updated agreement with Swann, 1.6 million pounds sterling of the 2.9 million pounds owned will be converted into shares at 0.0005 pounds apiece, down from the previously agreed 1.9 million pounds. The remaining 1.3 million pounds will remain as a loan. Under the revised agreement with Atlas, the company will pay 750,000 pounds in cash, down from the previous 1 million pounds, as well as convert 300,000 pounds into shares and leave 650,000 pounds outstanding as a loan repayable 24 months after the restructure date. The agreements remain subject to the completion of the company's anticipated share placing.