• GCM has entered into an option underwriting agreement to fully underwrite the exercise of all existing quoted options
• The underwritten amount is $5.2 million, representing 236.8 million options
• The underwriting is seen as an endorsement of GCM's commercialization strategy and the potential of its VHD graphite technology

Green Critical Minerals Ltd (GCM) has entered into an option underwriting agreement with Aitken Mount Capital Partners Pty Limited and Canaccord Genuity (Australia) Limited to fully underwrite the exercise of all existing quoted options issued by the Company. The listed options are exercisable at $0.022 each and expire at 5:00pm (AEST) on 12 October 2025. Under the Underwriting Agreement, the Underwriters will underwrite the exercise of 236,821,756 Options, representing an underwritten amount of $5,210,078. This involves the Underwriters subscribing or procuring subscriptions for any Shortfall Shares not exercised by the Expiry Date. GCM's Managing Director, Clinton Booth, commented that the successful underwriting is seen as an endorsement of GCM's commercialization strategy and the potential of its VHD graphite technology to disrupt the traditional heat sink market. The Underwriting Agreement is on standard commercial terms and includes market-standard termination events.

The underwriting provides further certainty as GCM advances commercialization and positions the Company to deliver a unique, high-quality product to customers in high-demand sectors requiring superior thermal management solutions.