4 August 2022

Future Metals NL

Performance Rights Conversion, Issue of Securities and Total Voting Rights

Future Metals NL ("Future Metals" or the "Company", ASX|AIM: FME), a platinum group metals ("PGM") focussed company, announces, in accordance with the terms of the Company's Performance Rights Plan and the previous issue of Performance Rights approved by shareholders at the Company's general meeting held on 4 June 2021, that 333,333 Class A Performance Rights and 333,333 Class B Performance Rights have now been converted into fully paid new ordinary shares of no par value in the Company ("Ordinary Shares") (the "Conversion Shares"). The Conversion Shares issued will be held in escrow until 22 June 2023.

Admission to Trading on AIM and Total Voting Rights

Application will be made for the admission to trading on AIM of the abovementioned 666,666 Conversion Shares, which is expected to take effect at 8.00 a.m. (London time) on or around 9 August 2022 ("Admission").

The number of Ordinary Shares in issue, and the total voting rights in the Company, on Admission, will be 354,541,183. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the provisions of the FCA's Disclosure Guidance and Transparency Rules incorporated into the Company's constitution. 

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

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