• Signed indicative term sheet for A$10M prepayment and offtake facility with tk accelis
• Facility provides funding during Wuudagu DFS completion and approvals
• Repayment through fixed discount on 0.5M tonnes of bauxite annually over 5 years
• Term sheet not legally binding; definitive documentation to be negotiated

VBX Limited has signed an indicative term sheet for a A$10 million prepayment and offtake facility with thyssenkrupp Materials Trading Asia Pte Ltd, a subsidiary of tk accelis. The prepayment facility will provide additional funding to VBX while the Wuudagu Definitive Feasibility Study (DFS) is completed and the necessary approvals and licenses are obtained. The facility will be repaid through a fixed discount on 0.5 million tonnes of bauxite product to be delivered annually over a 5-year period. The term sheet is not legally binding, and the parties will use commercially reasonable efforts to negotiate definitive binding documentation consistent with the term sheet. If definitive binding documentation is not executed by 31st July 2026, either party may terminate the term sheet by written notice.