• Tamboran raises $56.1M via public offering, with $52.5M net proceeds
• Enters PIPE with expected gross proceeds of up to $29.3M
• Launches CDI Share Purchase Plan targeting up to $30M

Tamboran Resources Corporation has raised US$56.1 million (US$52.5 million after deducting underwriters discounts and offering expenses) via the issuance of 2,673,111 shares of Common Stock at the public offering price of US$21.00 per share. The underwriters also exercised their option to purchase an additional 348,666 shares. The public offering was supported by cornerstone investors, including a US$10 million investment from new strategic partner Baker Hughes. Concurrently, Tamboran entered into a PIPE with expected gross proceeds of up to US$29.3 million, supported by a US$6.6 million investment from the company's largest shareholder and a board member. Tamboran also intends to launch a CDI Share Purchase Plan targeting up to US$30 million. Proceeds from the public offering, PIPE, and SPP will be used to fund Tamboran's development plan, working capital, and other general corporate purposes. The strategic partnership with Baker Hughes will provide industry-leading oilfield services and support optimization and efficiency initiatives in Tamboran's initial development of the Beetaloo Basin.

The funds from the offer will allow Tamboran to secure long lead items for the 2026 drilling activities to maintain momentum on the anticipated completion of the farmout process.