Future Metals NL Variation to Option Agreement (4100S)

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RNS Number : 4100S

Future Metals NL

06 November 2023

VARIATION TO OPTION AGREEMENT

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) and Osprey Minerals Pty Ltd (the "Parties") have agreed to vary the terms of the option agreement announced by the Company on 5 October 2023 (the "Option Agreement").

In order to facilitate the requisite administrative processes, the Parties have agreed:

(a) that the deemed issue price for the upfront consideration of A$625,000 new fully paid ordinary shares in the Company ("Ordinary Shares") will be A$0.034, being the 5-day Volume Weighted Average Price on the ASX of the Company's Ordinary Shares to 30 October 2023; and

   (b)           the option period will be extended until 17 November 2023.

All other terms of the Option Agreement remain the same as previously announced, and a further update will be provided in due course.

This announcement has been approved for release by the Board of Future Metals NL.

For further information, please contact:

 
          Future Metals NL                               +61 8 9480 0414 
          Jardee Kininmonth                              info@future-metals.com.au 
          Strand Hanson Limited (Nominated 
           Adviser)                                      +44 (0) 207 409 3494 
          James Harris/James Bellman 
          Panmure Gordon (UK) Limited (UK 
           Broker) 
           John Prior/Hugh Rich/Rauf Munir               +44 (0)207 886 2500 
          FlowComms (UK IR/PR)                           +44 (0) 789 167 7441 
          Sasha Sethi

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November 06, 2023 02:00 ET (07:00 GMT)

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