Issue of Consideration Shares

21 May 2024

Future Metals NL

Issue of Consideration Shares

Future Metals NL (Future Metals or the Company) (ASX | AIM: FME) announces, further to its announcements of 5 October, 6 November and 17 November 2023, the issue of 13,025,263 new ordinary shares of no par value each in the Company ("Ordinary Shares") (the "Deferred Consideration Shares") to shareholders of Osprey Minerals Pty Ltd ("Osprey") as deferred consideration for the A$325,000 payment due in Ordinary Shares or cash (at the Company's sole election), following the exercise of the option to acquire 100% of Osprey.

Once the Company drills 2,000m or more on the Osprey tenements, a further, final A$325,000 in new Ordinary Shares or cash (at the Company's sole election) will be payable to Osprey shareholders.

Admission to trading on AIM and total voting rights

Application has been made to the London Stock Exchange plc for the admission to trading on AIM of the Deferred Consideration Shares, which is expected to take effect and dealings commence at 8.00 a.m. (BST) on or around 24 May 2024 ("Admission").

The number of Ordinary Shares in issue, and the total voting rights in the Company, on Admission, will be 572,474,801. 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.

For further information, please contact: