FORTUNA METALS LTD — Capital/Financing Update 2025

Jul 24, 2025

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ABN

ADDRESS Level 8, 99 St Georges Terrace 96 095 684 389 Perth WA 6000 PHONE WEBSITE +61 (08) 9486 4036 www.lanthanein.com

25 July 2025

Results of Pro-Rata Entitlement Offer

Lanthanein Resources Limited ( Lanthanein or the Company ) advises the results of the Company’s nonrenounceable pro-rata entitlement issue ( Offer ) announced to ASX on 5 June 2025 and closed on Tuesday, 23 July 2025.

Summary

Under the Offer, eligible shareholders were offered three (3) fully paid ordinary shares in the capital of the Company for every four (4) Shares held on the record date at an issue price of $0.001 per share ( New Shares ).

The Company advises that it has received applications under the Offer for 692,864,885 New Shares raising gross proceeds of $692,864.88.

The issue of 692,864,885 New Shares and 230,954,912 Free Attaching Shares under the Offer will occur on 30 July 2025. The Offer was fully underwritten by Inyati Capital Pty Ltd ( Underwriter ).

The Company would like to thank its shareholders for their support in the entitlement offer.

A summary of the results of the Offer are as follows:

	No. of New Shares
New Shares available under the Offer	2,107,636,670
New Shares applied for and accepted under the Offer	692,864,885
Shortfall Shares placed to Underwriters	1,414,771,785

The Underwriter (and sub-underwriters) will subscribe for a total of 1,414,771,785 Shortfall Shares to be issued on 4 August 2025.

This announcement has been authorised for release to ASX by the Board of the Company.

Matthew Foy Company Secretary Lanthanein Resources Limited