Share Purchase Plan Opens

• Offer price of A$0.41 per share, same as recent placement
• Eligible shareholders can subscribe for up to A$30,000 without brokerage
• One free attaching option for every two shares, with piggyback options on exercise

Talga Group Ltd has announced the launch of a non-underwritten Share Purchase Plan (SPP) to raise up to A$5 million (before costs). The offer price for the new shares is A$0.41 per share, the same price as the recent placement. Eligible shareholders registered in Australia, New Zealand or Singapore can participate by subscribing for a maximum of A$30,000 of new shares without paying brokerage costs. Participants in the SPP will receive one free unlisted attaching option for every two new shares allocated, with an exercise price of A$0.58 and a 2-year expiry. Holders of the attaching options will then receive one fully paid ordinary share and one free unlisted piggyback option (exercise price of A$0.65, 2-year expiry) for every one attaching option exercised. The funds raised from the SPP will be used to fund an engineering study for a staged 5,000 tpa ramp up in anode production, additional grant applications, supply of anode products to battery customers, advancing US development opportunities, and general working capital.