23 April 2025

Future Metals NL

Completion of Placement

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) announces that, further to its announcement of 10 April 2025, the Company will issue 143,760,123 fully paid ordinary shares in the Company ("Placement Shares") in connection with the placement.

Application has been made to the London Stock Exchange plc for the admission to trading on AIM of the Placement Shares, which is expected to occur, and dealings in the Placement Shares commence, at 8.00 a.m. (BST) on or around 24 April 2025 ("Admission"). On issue, the Placement Shares shall rank pari passu in all respects with the existing ordinary shares.

The number of ordinary shares in issue, and the total voting rights in the Company, on Admission, will be 718,800,618. This figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change of their interest in, the Company under the provisions of the Company's constitution.

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

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