• Prospectus issued for fully underwritten entitlement offer at A$0.22 per share
• Offer aims to raise approximately A$60 million
• Underwritten by Canaccord
• Prospectus also removes trading restrictions on existing shares
• Shareholder approval required in August 2026

Lotus Resources Ltd has issued a prospectus for a fully underwritten pro-rata accelerated non-renounceable entitlement offer of one new share for every one existing share held by eligible shareholders at an issue price of A$0.22 per new share. The offer aims to raise approximately A$60 million before costs. The entitlement offer is fully underwritten by Canaccord. This prospectus also serves to remove trading restrictions on existing shares pursuant to the Convertible Note Offer and the Detachable Warrant Offer. Shareholder approval is required for the secondary offers and will be sought in an extraordinary general meeting in August 2026. Eligible shareholders can obtain a copy of the prospectus from the ASX website or by contacting the company's share registry.

Approximately A$60 million to be raised through the entitlement offer

The company aims to raise approximately A$60 million through the entitlement offer. Shareholder approval is required for the secondary offers.