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Metals X Limited M&A Activity 2024

Oct 23, 2024

10401_rns_2024-10-23_af65b5cb-ff34-4d5b-9885-60c777f7ed26.pdf

M&A Activity

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ASX RELEASE 24 OCTOBER 2024

UNSOLICITED APPROACH TO GREENTECH

Metals X Limited (ASX: MLX) ( Metals X ) advises that it has made an unsolicited approach to Greentech Technology International Limited ( Greentech ) to acquire all of the issued shares ( Shares ) of Greentech for a price of HK$0.28 per Share and to cancel all outstanding options for an equivalent price, subject to compliance with the Hong Kong Code on Takeovers and Mergers ( Offer ).

Greentech is listed on the Stock Exchange of Hong Kong (HKSE) and has approximately 1.37 billion Shares on issue.

Greentech, via a wholly-owned subsidiary, holds an 82% interest in YT Parksong Australia Holdings Pty Ltd ( YT Parksong ). YT Parksong and Metals X each hold a 50% interest in the Bluestone Mines Tasmania Joint Venture ( Joint Venture ), which holds the assets that comprise the Renison Tin Operations on Tasmania's west coast.

The Offer is conditional on Metals X completing financial due diligence.

Metals X advises that, to date, Greentech has not engaged with the Offer.

This announcement has been authorised by the Board of Metals X Limited.

ENQUIRIES

Mr Brett Smith Executive Director