• Proposes transaction with Stanwell Corporation to improve short- and long-term financial viability
• Existing New Coal Supply Agreement extended from 2037 to 2043 with more flexible nomination range
• US$265M, 5-year facility from Stanwell to replace current asset-based loan

Coronado Global Resources Inc. (ASX: CRN) announces that it proposes to enter into a transaction with Stanwell Corporation Ltd ('Stanwell') that will improve Coronado's short- and long-term financial viability. The transaction, which is currently non-binding and subject to completion of due diligence, long-form documents and approvals during November, will provide near- and long-term liquidity support for Coronado. The existing New Coal Supply Agreement ('NCSA') will remain in place and the end date will be extended from 2037 to 2043 and allow Stanwell a wider, more flexible, nomination range of 1.2 to 2.24 million tonnes per year. The current asset-based loan in place with Highland Park XII Pte. Ltd (an affiliate of Oaktree Capital Management, L.P.) will be replaced by Stanwell. A US$265M, 5 year facility, with an interest rate between 9 to 12% that provides significant covenant flexibility will be available at closing. Stanwell will have a first priority security over Coronado's working capital assets and a second priority security over all other fixed assets for the asset-based loan, and retain its lower ranking security over all assets for Coronado's NCSA obligations. From the beginning of 2026, Stanwell will waive the rebate payments for the remaining term of the Amended Coal Supply Agreement ('ACSA'). Ongoing financial support to Coronado, when required, will consist of Stanwell making prepayments for future NCSA coal to a maximum of the discounts that Stanwell would have received under the ACSA and NCSA nominations.

Coronado expects the transaction to provide significant covenant flexibility and liquidity support for the company over the next 5 years.