• Institutional component of pro-rata accelerated non-renounceable entitlement offer completed
• Major shareholder Victor Smorgon Group subscribes for $3.43 million in new shares
• Retail component of the entitlement offer to open on 29 September 2025

Altamin Limited (ASX:AZI) has successfully closed the accelerated institutional component (Institutional Entitlement Offer) of its 45 for 100 accelerated pro-rata non-renounceable entitlement offer of new fully paid ordinary shares (New Shares) in Altamin (Entitlement Offer). The institutional component received strong support from members of the Victor Smorgon Group, comprising V B S Exchange Pty Ltd and Gannet Capital Pty Ltd as trustee for the Victor Smorgon Partners Global Multi-Strategy Fund, and Victor Smorgon Partners Pty Ltd. The Victor Smorgon Group has voting power of 53.02% in the Company. VBS and Gannet each subscribed for their full entitlements under the Institutional Entitlement Offer, resulting in $3,426,637.13 in subscriptions for New Shares at the Offer Price of $0.025 per share. The funds raised will predominantly be applied towards exploration and related activities at the Company's Lazio Project and on limited working capital expenses to maintain the Gorno Project, as well as towards payment of expenses of the Entitlement Offer, general corporate expenses and working capital. The retail component of the Entitlement Offer (Retail Entitlement Offer) is expected to raise up to a further approximately $3,036,250 and will open on Monday, 29 September 2025 and close on 8 October 2025.