Future Metals NL

UNDERWRITTEN NON-RENOUNCEABLE ENTITLEMENT ISSUE - EXTENSION OF CLOSING DATE

Not for release to US wire services or distribution in the United States

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) announces that the closing date for the non-renounceable entitlement issue ("Entitlement Issue") initially announced on 15 December 2023 will be extended from 18 January 2024 to 1 February 2024 at 5.00 p.m. (AEDT) for shareholders and 1.00 p.m. (GMT) for DI Holders.

The extension of the Entitlement Offer is to allow sufficient time for all eligible shareholders to participate and complete applications following the Christmas and New Year holiday period.

The Entitlement Issue provides eligible shareholders to acquire one (1) Share for every four (4) Shares (or Depository Interests) held by those shareholders registered at the Record Date at an issue price of $0.03 per Share, together with one (1) free New Option for every two (2) Shares (or Depository Interests) applied for and issued to raise up to $3,316,648 (based on the number of Shares on issue as at the date of the Prospectus).

Unless otherwise defined herein, capitalised terms shall have the same meanings as ascribed to them in the Company's RNS announcement dated 15 December 2023.

The Entitlement Offer timetable has been revised as follows:

Notes:

*The Directors may extend the Closing Date by giving at least 3 Business Days' notice to ASX prior to the Closing Date. Accordingly, the date the Securities are expected to commence trading on ASX may vary.

**The above dates are indicative only and may change without notice

Action required by Eligible Shareholders

As announced on RNS on 11 January 2024, to participate in the Entitlement Offer, payment of the application moneys must be made per the instructions set out on the Entitlement and Acceptance Form, with sufficient time to be received by or on behalf of the Company by no later than 5.00 p.m. (WST) or 1.00 p.m. (GMT) for DI Holders on the Closing Date.

Participation in the Entitlement Offer is optional and is subject to the terms and conditions set out in the Prospectus. As noted above, you may obtain a copy of the Prospectus along with information about how to apply online at www.computersharecas.com.au/fmeoffer.

Prospective investors, who are already shareholders for the purpose of the Entitlement Issue, should consider that an investment in the Company is highly speculative and should consult their professional advisers before deciding whether to apply for Shares pursuant to the Prospectus.

This announcement has been approved for release by the Board of Future Metals NL.

IMPORTANT NOTICE

The total consideration under the Entitlement Issue shall be less than, and therefore cannot exceed, €8 million  (or an equivalent pounds sterling amount) in aggregate and so, in accordance with Section 85 and Schedule 11A of the United Kingdom's Financial Services and Markets Act 2000, as amended (FSMA), the Entitlement Issue does not require the issue of a prospectus in the United Kingdom for the purposes of the United Kingdom's Prospectus Regulation Rules (PRR). The Entitlement Issue does not constitute an offer to the public requiring an approved prospectus under section 85 of FSMA and accordingly, neither this announcement, nor the Prospectus, shall constitute a prospectus for the purposes of the PRR. This announcement and the Prospectus have not been, and neither it nor the Prospectus will be, reviewed or approved by the United Kingdom's Financial Conduct Authority pursuant to sections 85 of FSMA, the London Stock Exchange or any other authority or regulatory body in the United Kingdom. Accordingly, neither this announcement nor the Prospectus contain the extent of the information and disclosures that would typically be included in a UK prospectus.

NOT AN OFFER 

This announcement is for information purposes and is not a prospectus, product disclosure statement or any other offering document under Australian law or the law of any other jurisdiction (and will not be lodged with the Australian Securities and Investments Commission ("ASIC") or any foreign regulator). The information does not and will not constitute or form part of an offer, invitation, solicitation or recommendation in relation to the subscription, purchase or sale of securities in any jurisdiction and neither this announcement nor anything in it shall form any part of any contract for the acquisition of Future Metals securities. The distribution of this announcement in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions. 

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA 

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 ("US Securities Act") and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.