Technology Minerals PLC (LSE:TM1)'s chief executive Alex Stanbury speaks to Proactive after securing £2.5mln in fresh funding, that he says will "see us through" to reaching positive cash flow. He lays out his plans for the money raised and also gives a general update on what he expects from the business during the coming months.
Technology Minerals PLC (LSE:TM1) has raised £2.5mln gross from a new high net worth investor through new shares (£0.8mln) and convertible loan notes (£1.7mln).
The funds will be used for the scale-up of operations at Recyclus' lithium-ion battery recycling plant, said the company, which is in the final stages of obtaining an Environmental Agency licence to commence industrial-scale processing.
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