• Binding commitments for A$4 million from 3 strategic investors
• Funds to support exploration at TMT Project in Argentina and Kalahari Copper Project in Botswana
• Placement in 2 tranches, with shareholder approval required for second tranche

Belararox Ltd has received binding commitments from three strategic investors - Integra Capital, Magnus Capital, and Mr. Jose Luis Manzano - to raise A$4 million (before costs) through a two-tranche placement. The incoming investors will each take up to a 10.12% stake in Belararox at the last market closing price of A$0.06 per share. The total funds raised will be used to support ongoing focused exploration at the TMT Project in Argentina and drilling at the Kalahari Copper Project in Botswana. The placement will be conducted in two tranches, with A$3.0 million being placed in the first tranche, which is not subject to shareholder approval. The remaining A$1.0 million will be placed in the second tranche, subject to shareholder approval at a general meeting to be held in June. The new shares will be issued at a price of A$0.06 per share, representing a 10.15% discount to the 15-day volume-weighted average price. Each placement share will also include a free attaching option, with an exercise price of A$0.15 and an expiry date of 10 December 2028, subject to shareholder approval.

The strategic investment from Integra Capital, Magnus Capital, and Mr. Jose Luis Manzano provides Belararox with significant financial runway to aggressively advance its core assets in Argentina and Botswana and accelerate its work programs as the company moves into a pivotal period of growth.