Technology Minerals puts Recyclus RTO on hold – CEO Explains

Technology Minerals PLC CEO Alex Stanbury talked with Proactive's Stephen Gunnion about the company’s decision to step away from the planned reverse takeover (RTO) of its 48.35% owned recycling business, Recyclus. Stanbury highlighted that the current market capitalisation of Technology Minerals does not reflect the value of Recyclus. Given the London Stock Exchange's required capitalisation of £30 million for readmission, moving forward with the RTO would have negatively impacted Technology Minerals shareholders. Instead, Stanbury emphasised that Technology Minerals will focus on growing its exploration assets, such as the Leinster lithium project, as well as assets in Spain, Cameroon, and Idaho. Stanbury also confirmed the company’s strategy for its exploration projects, stressing the importance of remaining capital-light and incubating these assets to attract larger players. He mentioned Recyclus is exploring other avenues for raising capital through strategic partnerships and will aim to demonstrate its value over time. For more videos, visit Proactive's YouTube channel, and don't forget to give this video a like, subscribe to the channel, and enable notifications for future content. #TechnologyMinerals #Recyclus #LithiumExploration #BatteryMetals #RTO #AlexStanbury #StrategicShift #MiningExploration #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews