• Raised A$10 million through a two-tranche placement
• Funds to be used for Vittangi Anode Project pre-FID activities
• Placement supported by new and existing institutional and sophisticated investors

Talga Group Ltd, a battery materials and technology company, has announced that it has received firm binding commitments for a two-tranche placement of new fully paid ordinary Talga shares at a price of A$0.40 per share, to raise A$10 million before costs. The Placement was strongly supported by new and existing institutional and sophisticated investors, including Pentwater Capital, Yandal Investments, and all directors of Talga's Board. Funds raised under the Placement are intended to be used to advance Vittangi Anode Project pre-FID activities including scaled-up supply of Talnode®-C anode to offtake parties and customers, project finance and grant development activities, and for general working capital. The issue price of A$0.40 per New Share reflects a 9.9% discount to the 10-day volume-weighted average price. The Placement comprises the issue of 25 million New Shares, representing approximately 5.8% of Talga's existing fully paid ordinary shares on issue. Placement participants will also be issued one free attaching unlisted option for every three New Shares subscribed for under the Placement, with an exercise price of A$0.58 and a two-year exercise period. Settlement of the first tranche of the Placement is expected to occur on Wednesday, 28 May 2025, with New Shares commencing normal trading on the ASX on Thursday, 29 May 2025. Shareholder approval for the Director Participation in the Placement will be sought at a general meeting of the Company's shareholders to be held in late June 2025.