Technology Minerals (LON: TM1) was set up as investment company and after Stranger Holdings (LON: STPH) decided not to proceed with the acquisition of Technology Minerals and related assets the new company stepped in. Stranger Holdings has turned its attention to a uranium project in South Africa.
The strategy is to build a business that covers the battery cycle from exploration and mining to recycling. The acquired projects are all involved in exploration, and they are on three continents.
The share price opened at 2.6p and at one point was as high as 3.75p. It ended the day at 3.25p and there were 10.85 million shares traded, which is less than 1% of the shares in issue.
There was some initial interest in the shares and most of the trades were small. In fact, the largest trades...