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 | |
| 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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