Retail Entitlement Offer Opens

• 29Metals launches fully underwritten 1 for 3.66 accelerated non-renounceable entitlement offer
• Retail component expected to raise approximately $31m
• New shares priced at $0.40 per share

29Metals Limited (ASX:29M) has announced the opening of the retail component of its fully underwritten, 1 for 3.66 accelerated non-renounceable entitlement offer to raise approximately $150 million. The retail entitlement offer is expected to raise around $31 million. Eligible Retail Shareholders will be invited to participate in the offer at $0.40 per new share, which is the same price and ratio applied to the institutional component of the entitlement offer that recently closed, raising approximately $119 million. The retail entitlement offer is expected to close on 11 February 2026. The retail offer booklet and accompanying entitlement and acceptance form contain important information about the offer, including how eligible retail shareholders can apply to participate. Shareholders can contact the 29Metals offer information line for further details.