Announcement PDF MTM Critical Metals Ltd Australia: Perth, Western Australia USA: Houston, Texas ASX: MTM | OTCQB: MTMCF ASX Release 15 May 2025 Lease Terms for MTM’s First U.S. Critical Metals Recovery Facility MTM secures pre-permitted complex with discounted year one lease payment and option to acquire the property.  5-hectare, industrial site located in U.S. Gulf Coast Industrial Corridor (Chambers County, Texas, USA).  Site secured under a lease with an option to acquire; final lease agreement terms to be confirmed upon completion of the vendor’s property settlement, expected in the near term.  Permitted site – Existing industrial waste permit significantly de-risks regulatory approvals and accelerates timeline for metal recovery operations.  Sublease rights – MTM can sublease any part of the premises at its discretion. The Company retains full commercial flexibility in structuring sublease arrangements, including pricing and term, to maximise strategic value. MTM Critical Metals Limited (“MTM” or the “Company”) (ASX: MTM; OTCQB: MTMCF) has announced that it has secured a strategic, pre-permitted 5-hectare industrial site in Chambers County, Texas, USA which will host MTM’s first U.S.based Flash Joule Heating (FJH) metal recovery plant and serve as the base for future commercial operations and R&D activities as part of a new Technology Campus. MTM has been able to secure the lease with a discounted rental rate in year 1 and an option to acquire the premises in year 6. The site is located within one of Texas’ most established heavy industrial corridors and is surrounded by legacy waste processing operations. Its strategic location near Interstate 10 and the Houston Ship Channel provides MTM with efficient access to global logistics networks, industrial suppliers, and downstream customers. The property is pre-permitted for industrial waste handling and processing and is equipped with substantial existing infrastructure, including sealed access roads, onsite power, wastewater management systems, perimeter security fencing, and combined office and warehouse facilities. Additionally, the location offers access to low-cost industrial electricity and is ideally positioned to tap into the Houston region’s skilled industrial workforce. Permitting Advantage A key strategic benefit of the site is its existing industrial waste handling and processing permit. Securing a fully permitted site eliminates the lengthy, costly, and often uncertain process typically associated with greenfield environmental approvals, providing MTM with a significant execution and timing advantage. It enables the Company to accelerate deployment of its FJH metal recovery operations while avoiding regulatory delays. This permitting head start also reduces execution risk and supports MTM’s near-term commercialisation timeline. LEASE DETAILS AND FINALISATION The site has been secured under a long-term lease agreement, which includes a structured purchase option exercisable at MTM’s discretion. The details of the lease arrangement are currently contained within a heads of terms agreement and will be formalised in a lease agreement in due course once the owner has completed the acquisition of the property. Details of the lease terms are as follows  Lease term – 15 years (plus 2 x 5-year options);  Rental Payments – are based on market standard rates for industrial property in the Gulf Coast region of Texas with fixed increases in respect of 3% per annum. The first year’s lease cost has been discounted by 30% to subsequent years;  Termination provision – lease can be terminated at the end of 10 years with a penalty of approximately 9 months lease payments (10 month notice period required for termination);  Option to purchase – the option to purchase the land can be exercised between months 61 and 67 of the lease. The option value is commercial in confidence because the buyer of the premises has not closed their negotiations with the seller and this may jeopardise their ongoing negotiations. MTM can confirm that the proposed option ENGAGE WITH THIS ANNOUNCEMENT ON INVESTORHUB: HERE ASX: MTM | OTCQB: MTMCF exercise value is in line with market price given normal long term value escalation of real estate in Texas and that this option would not be exercised if the financial rational for this was not justified;  Sublease rights – MTM can sublease any part of the premises at its discretion. The Company retains full commercial flexibility in structuring sublease arrangements, including pricing and term, to maximise strategic value and align with its broader Technology Campus vision;  The lease will contain customary provisions regarding access, use, insurance, maintenance, environmental compliance, and termination, and will be governed by the laws of the State of Texas, subject to final due diligence and board approval. Figure 1: Newly secured Chambers County site, featuring existing industrial facilities and infrastructure FUTURE EXPANSION STRATEGY The secured site will act as the cornerstone of MTM’s U.S. Technology Campus, hosting both the 1 tonne-per-day (1TPD) demonstration plant, with future expansion capacity, and a dedicated research and development facility. With its ample size and pre-approved permits, the property is well-suited for expansion into commercial-scale operations. In the event of a suitable collaboration partner agreeing to work with us, they could co-located with MTM and a sub-lease arrangement would be negotiated. In addition to supporting current research and development operations, the site offers flexibility for future processing modules, pilot programs and downstream refining innovations as MTM continues to grow its technology portfolio. Strategically located within a permitted industrial corridor, the site presents opportunities for collaboration with neighbouring industrial operators. MTM is actively exploring options to co-locate complementary processing activities or shared infrastructure to drive capital efficiency. With available land and sufficient utility capacity, the property also has potential to accommodate future partner infrastructure or joint ventures, enabling modular scale-up and shared processing initiatives with strategic collaborators. 2 ASX: MTM | OTCQB: MTMCF The Chambers County facility is expected to be the first of multiple sites under consideration across Texas and Louisiana as part of MTM’s broader U.S. growth strategy. Figure 2: Map showing the site’s strategic location in Texas – situated east of Houston in the heavy industrial Gulf Coast corridor with easy highway and port access. This announcement has been authorised for release by the Board of Directors. For further information, please contact: Michael Walshe Managing Director & CEO MTM Critical Metals Ltd info@mtmcriticalmetals.com.au +61 8 6391 0112 3 ASX: MTM | OTCQB: MTMCF ABOUT MTM CRITICAL METALS LIMITED MTM Critical Metals Limited (ABN 27 645 885 463), is an ASX & OTCQB-listed company with management teams in Perth, Western Australia, and Texas, USA, and specialises in advanced metal recovery technologies. MTM’s 100%-owned USA subsidiary Flash Metals USA Inc is based in Texas, USA. MTM possess exclusive licensing rights to the innovative Flash Joule Heating technology, a cutting-edge metal recovery and mineral processing method developed by esteemed researchers at Rice University, USA. Flash Joule Heating (FJH) is an advanced electrothermal process that enhances metal recovery and mineral processing compared to traditional methods. By rapidly heating materials in a controlled atmosphere, FJH efficiently extracts metals like lithium from spodumene, gallium from scrap, and gold from E-Waste, among others. This technology has the potential to revolutionise metal recovery by reducing energy consumption, reagent use, and waste, offering a more economical and environmentally friendly alternative. To learn more, visit: Website: https://www.mtmcriticalmetals.com.au/ MTM’s Investor Hub: https://investorhub.mtmcriticalmetals.com.au/ Contact: info@mtmmetals.com.au USA: 12 Greenway Plaza, Suite 1100, Houston, Texas USA 77046 Australia: Suite 2, 38 Colin Street, West Perth, Western Australia 6005 | +61 8 6391 0112 CAUTIONARY STATEMENT REGARDING VALUES & FORWARD-LOOKING INFORMATION The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of subjective judgment and analysis and assumption. MTM Critical Metals does not accept any liability in relation to any such matters, or to inform the Recipient of any matter arising or coming to the company’s notice after the date of this document which may affect any matter referred to herein. Any opinions expressed in this material are subject to change without notice, including as a result of using different assumptions and criteria. This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “expect”, and “intend” and statements than an event or result “may”, “will”, “should”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forwardlooking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. MTM Critical Metals undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. The Recipient should not place undue reliance upon forward-looking statements. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of MTM Critical Metals from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. MTM Critical Metals, its affiliates, directors, employees and/or agents expressly disclaim any and all liability relating or resulting from the use of all or any part of this document or any of the information contained herein. 4