Announcement PDF Appendix 3B - Proposed issue of securities Update Summary Entity name MTM CRITICAL METALS LIMITED Announcement Type Update to previous announcement Date of this announcement 6/3/2024 Reason for update to a previous announcement Timetable updated to accommodate further disclosures regarding the Flash Metals acquisition. The revised timetable is an update to the timetable that was announced in the ASX announcement dated 27 February 2024. The Company advises that these are indicative and subject to change without prior notice. Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities 1/7 Appendix 3B - Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity MTM CRITICAL METALS LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type Registration Number ABN 27645885463 1.3 ASX issuer code MTM 1.4 The announcement is Update/amendment to previous announcement 1.4a Reason for update to a previous announcement Timetable updated to accommodate further disclosures regarding the Flash Metals acquisition. The revised timetable is an update to the timetable that was announced in the ASX announcement dated 27 February 2024. The Company advises that these are indicative and subject to change without prior notice. 1.4b Date of previous announcement to this update 11/2/2024 1.5 Date of this announcement 6/3/2024 1.6 The Proposed issue is: A standard +pro rata issue (non-renounceable or renounceable) 1.6a The proposed standard +pro rata issue is: + Non-renounceable Appendix 3B - Proposed issue of securities 2/7 Appendix 3B - Proposed issue of securities Part 3 - Details of proposed entitlement offer issue Part 3A - Conditions 3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis? No Part 3B - Offer details +Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued ASX +security code and description MTM : ORDINARY FULLY PAID Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? Yes If the entity has quoted company options, do the terms entitle option holders to participate on exercise? No Details of +securities proposed to be issued ASX +security code and description MTM : ORDINARY FULLY PAID ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) AU0000155228 ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities do not have +CDIs issued over them) Offer ratio (ratio to existing holdings at which the proposed +securities will be issued) The quantity of additional +securities For a given quantity of +securities to be issued held 1 Appendix 3B - Proposed issue of securities 4 3/7 Appendix 3B - Proposed issue of securities What will be done with fractional entitlements? Maximum number of +securities proposed to be issued (subject to rounding) Fractions rounded down to the nearest whole number or fractions disregarded 31,074,089 Offer price details for retail security holders In what currency will the offer be made? What is the offer price per +security for the retail offer? AUD - Australian Dollar AUD 0.08000 Oversubscription & Scale back details Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? Yes Describe the limits on over-subscription Eligible holders may apply for shares over and above their entitlement. Will a scale back be applied if the offer is over-subscribed? Yes Describe the scale back arrangements Scaled back proportionally at the discretion of Directors. Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Attaching +Security Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)? Existing class Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX) Details of attaching +securities proposed to be issued ASX +security code and description MTMO : OPTION EXPIRING 26-NOV-2024 ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) AU0000183881 ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities do not have +CDIs issued over them) Offer ratio (ratio of attaching securities at which the new +securities will be issued) Appendix 3B - Proposed issue of securities 4/7 Appendix 3B - Proposed issue of securities Offer ratio (ratio of attaching securities at which the new +securities will be issued) The quantity of attaching +securities to be issued For a given quantity of the new +securities issued 1 2 What will be done with fractional entitlements? Maximum number of +securities proposed to be issued (subject to rounding) Fractions rounded down to the nearest whole number or fractions disregarded 12,429,636 Offer price details for retail security holders In what currency will the offer be made? What is the offer price per +security for the retail offer? AUD 0.00000 AUD - Australian Dollar Oversubscription & Scale back details Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? Yes Describe the limits on over-subscription Eligible holders may apply for shares over and above their entitlement. Will a scale back be applied if the offer is over-subscribed? Yes Describe the scale back arrangements Scaled back proportionally at the discretion of Directors. Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Part 3C - Timetable 3C.1 +Record date 15/2/2024 3C.2 Ex date 14/2/2024 3C.4 Record date 15/2/2024 3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 5/3/2024 3C.6 Offer closing date Appendix 3B - Proposed issue of securities 5/7 Appendix 3B - Proposed issue of securities 3C.6 Offer closing date 28/3/2024 3C.7 Last day to extend the offer closing date 25/3/2024 3C.9 Trading in new +securities commences on a deferred settlement basis 2/4/2024 3C.11 +Issue date and last day for entity to announce results of +pro rata issue 4/4/2024 3C.12 Date trading starts on a normal T+2 basis 5/4/2024 3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis 9/4/2024 Part 3E - Fees and expenses 3E.1 Will there be a lead manager or broker to the proposed offer? Yes 3E.1a Who is the lead manager/broker? Sandton Capital Advisory Pty Ltd and State One Equities Pty Ltd 3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? 2% lead manager fee on any entitlement issue shortfall placed 4% capital raising fee on any entitlement issue shortfall placed 3E.2 Is the proposed offer to be underwritten? No 3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No 3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Part 3F - Further Information 3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Exploration, Working Capital development of extraction IP technology 3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed Appendix 3B - Proposed issue of securities 6/7 Appendix 3B - Proposed issue of securities 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue Canada, Malaysia, Singapore 3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities No 3F.6 URL on the entity's website where investors can download information about the proposed issue https://mtmcriticalmetals.com.au/ 3F.7 Any other information the entity wishes to provide about the proposed issue 3F.8 Will the offer of rights under the rights issue be made under a +disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)? Yes 3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a +disclosure document or +PDS for the +securities proposed to be issued Appendix 3B - Proposed issue of securities 7/7