GreenLight Metals Inc. — M&A Activity 2025

Apr 17, 2025

NOTICE OF CHANGE IN CORPORATE STRUCTURE

Section 4.9 of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”)

Item 1 Name of the parties to the transaction

GreenLight Metals Inc. (“GreenLight”), 1504139 B.C. Ltd. (“Finco”), and 1328592 B.C. Ltd. (“Subco”).

Item 2 Description of the transaction

On April 8, 2025, pursuant to an amalgamation agreement dated January 30, 2025, Finco and Subco, both wholly-owned subsidiaries of GreenLight, completed a first-stage amalgamation and amalgamated with Finco surviving as a wholly owned subsidiary of GreenLight, pursuant to which all of the issued and outstanding shares and warrants of Finco were exchanged on a basis of 1:1 into shares and warrants of GreenLight. Immediately prior to the first-stage amalgamation, GreenLight completed a company name change from “Green Light Metals Inc.” to “GreenLight Metals Inc.”, pursuant to the filing of a Notice of Alteration under the Business Corporations Act (British Columbia) (“BCBCA”). Finco and GreenLight then completed a second-stage amalgamation and amalgamated under the name “GreenLight Metals Inc.” pursuant to the application of a short form amalgamation under the BCBCA.

Item 3 Effective date of the transaction

April 8, 2025.

Item 4 The name of each party, if any, that ceased to be a reporting issuer after the transaction and of each continuing entity

GreenLight continues to be a reporting issuer in the same jurisdictions, namely British Columbia and Alberta.

Item 5 Date of the reporting issuer’s first financial year-end after the transaction, if Section 4.9(a) or Section 4.9(b)(ii) of NI 51-102 applies

Not applicable.

Item 6 The periods, including the comparative periods, if any, of the interim financial reports and the annual financial statements required to be filed for the reporting issuer’s first financial year after the transaction, if Section 4.9 (a) or Section 4.9 (b)(ii) of NI 51-102 applies

Not applicable.

Item 7 What documents were filed under this Instrument that described the transaction and where those documents can be found electronically, Section 4.9 (a) or Section 4.9 (b)(ii) of NI 51-102 applies

Not applicable.

DATE April 16, 2025.