Technology Minerals Inks Settlement Deal for CLG Capital Convertible Loan Note

05:27 AM EDT, 08/03/2026 (MT Newswires) -- Technology Minerals (TM1.L) said Monday it agreed to pay 700,000 pounds sterling to settle a convertible loan note position dispute with CLG Capital. The settlement amount is less than the asserted claim of 1 million pounds. Once completed, the payment will further reduce the minerals exploration company's outstanding convertible loan notes to 2.3 million pounds from 6.8 million pounds. The company said the settlement will wrap up the initial phase of its balance sheet reset, as well as the restructuring of its old convertible loan notes.