ELEMENTOS LIMITED — Capital/Financing Update 2024

Aug 13, 2024

Elementos Limited Level 7, 167 Eagle St ABN 49 138 468 756 Brisbane Queensland 4000 ASX: ELT Phone +61 (0)7 2111 1110 elementos.com.au admin@elementos.com.au

14 August 2024

ASX RELEASE

Dispatch of Prospectus and Ineligible Shareholder Letters

Further to the announcement by Elementos Limited (ASX: ELT) ( Elementos ) on 6 August 2024, Elementos wishes to advise that it has today dispatched the prospectus ( Prospectus ) in respect of the non-renounceable entitlement offer of one (1) New Share for every six (6) Shares registered as being held and one (1) Attaching Option for every two (2) New Shares issued ( Entitlement Offer ), together with a personalised application form to shareholders who are eligible to participate in the Entitlement Offer.

Shareholders who are eligible to participate in the Entitlement Offer ( Eligible Shareholders ) are those persons who:

• as at 7:00pm (Sydney time) on 9 August ( Record Date ), are registered as a holder of fully paid ordinary shares in Elementos;

• are recorded as having an address on the Elementos share register in Australia or New Zealand; and

• are not located in the United States of America ( United States ) and are not a person (including a nominee or custodian) acting for the account or benefit of a person in the United States.

A letter to ineligible shareholders notifying them of the Entitlement Offer and their ineligibility to participate ( Ineligible Shareholder Letter ) has also been dispatched today. A copy of the Ineligible Shareholder Letter is enclosed. An electronic version of the Prospectus can be viewed online on Elementos’ website at www.elementos.com.au.

Entitlement Offer

The Entitlement Offer is now open for acceptance by Eligible Shareholders and is expected to close at 5:00pm (Sydney time) on 13 September 2024.

The Entitlement Offer is non-renounceable, meaning that Eligible Shareholders will not be able to transfer their entitlements pursuant to the Entitlement Offer and if they do not subscribe for their entitlements pursuant to the Entitlement Offer in full, they will be diluted.

Eligible Shareholders who take up their full entitlement may also may apply to receive any New Shares and Attaching Options not subscribed for by other Eligible Shareholders in accordance with the Entitlement Offer ( Top-Up Offer ). New Shares and Attaching Options will only be offered in accordance with the Top-Up Offer if the Entitlement Offer is undersubscribed and will only be issued to the extent necessary to make up any shortfall in subscriptions received in accordance with the Entitlement Offer.

Full details of the Entitlement Offer and Top-Up Offer, including the timetable and details for how to accept the Entitlement Offer, are set out in the Prospectus and the personalised application form accompanying the Prospectus. Eligible Shareholders should read the Prospectus in its entirety and consult with their stockbroker, accountant or other professional adviser before making any decision as to whether to subscribe for New Shares.

ASX:ELT

Enquiries

Any questions concerning the Entitlement Offer should be directed to Elementos’ share registry on 1300 737 760 (within Australia) or +61 2 9290 9600 (outside Australia) between 9:00am and 5:30pm (Sydney time), Monday to Friday.

Elementos’ Board has authorised the release of this announcement to the market.

For more information, please contact:

Mr Duncan Cornish Mr Joe David Company Secretary Managing Director Phone: +61 7 2111 1110 Phone +61 7 2111 1110 admin@elementos.com.au jd@elementos.com.au

ABOUT ELEMENTOS

Elementos is committed to the safe and environmentally conscious exploration, development, and production of its global tin projects. The company owns two world class tin projects with large resource bases and significant exploration potential in mining-friendly jurisdictions. Led by an experienced-heavy management team and Board, Elementos is positioned as a pure tin platform, with an ability to develop projects in multiple countries. The company is well-positioned to help bridge the forecast significant tin supply shortfall in coming years. This shortfall is being partly driven by reduced productivity of major tin miners in addition to increasing global demand due to electrification, green energy, automation, electric vehicles and the conversion to lead-free solders as electrical contacts.