Future Metals NL Announces Entitlement Offer

15 May 2025 - Future Metals NL (ASX | AIM: FME), an exploration company based in West Perth, Australia, has announced a series of updates regarding its pro-rata non-renounceable entitlement offer. The company, which specializes in developing material and base metal resources, is progressing its Panton PGM Project in the eastern Kimberley region of Western Australia.

Entitlement Offer Details

On 10 April 2025, Future Metals NL announced an entitlement offer to raise approximately AUD 2.64 million (before costs). Eligible shareholders are invited to subscribe for new fully paid ordinary shares (New Shares) on a 1-for-3 basis at AUD 0.011 per New Share. The offer aims to issue approximately 239,600,206 New Shares, which will rank equally with existing shares.

Communication to Shareholders

The company has communicated separately to eligible and ineligible shareholders. Eligible shareholders have received personalized entitlement and acceptance forms, along with the offer booklet, which was dispatched on 15 May 2025. The offer booklet, lodged with the ASX, outlines the terms of the partially underwritten offer, which is underwritten by CPS Capital Group Pty Ltd.

Entitlement Offer Commencement

The entitlement offer commenced on 15 May 2025, with the offer closing at 5:00 PM AWST on 30 May 2025. The offer is not available for release to US wire services or distribution in the United States.

Company Overview

Future Metals NL, listed on the ASX All Markets, has a market capitalization of AUD 8,630,000. The company’s primary focus is on advancing its Panton PGM Project. Despite a negative price-to-earnings ratio of -1.47, the company remains committed to its exploration activities. For more information, visit Future Metals NL’s website .

This entitlement offer represents an opportunity for shareholders to participate in the company’s equity fundraising efforts, reflecting Future Metals NL’s commitment to its investors and ongoing projects.