Technology Minerals PLC - London-based company working to establish a circular economy for battery metals - Announces that it is conducting a cost reduction programme to improve efficiencies.
‘The company has undertaken a review of operations and is implementing cost reduction measures across the business including a redundancy programme to reduce its total workforce, a reduction in head office costs, and an ongoing review of all service providers,’ Technology Minerals comments.
Consequently, Non-Executive Director Philip Beard agrees to step down from his role and the future composition of the board will be reviewed further.
Current stock price: 0.17 pence, down 13% in London on Friday morning
12-month change: down 88%
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