4 June 2025

Future Metals NL

Entitlement Offer Fully Underwritten

Future Metals NL (Future Metals or the Company, ASX | AIM: FME) refers to its announcements dated 7 May 2025 and 27 May 2025 in relation to the launch of the A$2.64 million (~£1.28 million) Entitlement Offer and the subsequent extension of the closing date of the Entitlement Offer.

Highlights

·    Zeta receives Foreign Investment Review Board (FIRB) approval to acquire an interest above 9.99% in Future Metals               

·    Entitlement Offer is now fully underwritten

The Company is pleased to announce that Zeta Resources Limited (Zeta) has now received approval from the Foreign Investment Review Board (FIRB) to acquire an interest above its current interest of 9.99% in the Company. Further to receipt of this approval, Zeta has committed to take up its full entitlement under the Entitlement Offer and subscribe for additional New Shares from any shortfall that may arise under the Entitlement Offer, with such allocation of shortfall being at the discretion of the Company. Accordingly, the Entitlement Offer is effectively fully underwritten.

The Company wishes to remind shareholders that the closing date of the Entitlement Offer is 5:00 p.m. (AWST) / 10:00 a.m. (BST) on 13 June 2025.

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

For further information, please contact: