• Retail Entitlement Offer closed with valid applications for 55.5 million New Shares
• Retail Entitlement Offer raised approximately $31 million at $0.40 per New Share
• Completion of Retail Entitlement Offer represents final stage of fully underwritten Entitlement Offer

29Metals Limited (ASX:29M) has completed the retail component (Retail Entitlement Offer) of its fully underwritten 1 for 3.66 accelerated non-renounceable entitlement offer (the Entitlement Offer) of new 29Metals fully paid ordinary shares (New Shares). The Retail Entitlement Offer closed on Wednesday, 11 February 2026, with valid applications received for approximately 55.5 million New Shares, representing a take up of approximately 71% of New Shares available under the Retail Entitlement Offer. The Entitlements of Ineligible Retail Shareholders, and Entitlements not taken up by Eligible Retail Shareholders, represented 22.5 million New Shares which will now be acquired pursuant to underwriting and sub-underwriting agreements. The Retail Entitlement Offer raised approximately $31 million at the Offer Price of $0.40 per New Share. Completion of the Retail Entitlement Offer represents the final stage of the fully underwritten Entitlement Offer following successful completion of the institutional component of the Entitlement Offer which closed on Tuesday, 20 January 2026 and raised gross proceeds of approximately $119 million.