• Completed placement of 40,120,000 shares at $0.025 per share
• Raised $1.003 million (before costs)
• Funds to be used for project development, permitting, and working capital

Altamin Limited (ASX: AZI) has completed the placement of 40,120,000 fully paid ordinary shares at $0.025 per share, raising $1.003 million (before costs). This placement represents a portion of the Shortfall Shares under the Company's Entitlement Offer announced on 22 September 2025. The gross proceeds include $753,000 of firm commitments announced on 9 December 2025, as well as $250,000 of new commitments. Participants in the shortfall placement include sophisticated and professional UK and Australian investors, including former institutional fund managers, existing top 10 Altamin shareholders, and an institutional micro fund. The combined funding of approximately $5,390,797 (before costs) secured under the Entitlement Offer, together with the grant-funding support available from the Company's participation under the Mission Innovation 2.0 BRAIN project, provides Altamin with a strong financial platform to pursue its strategy. The proceeds will be applied towards project development and related activities at the Lazio Project, permitting related activities at the Gorno Project, and working capital, general corporate expenses, and expenses of the offer. Altamin retains the right to place the remaining shortfall securities of up to 42,894,441 shares until 15 January 2026.