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QEM LIMITED Capital/Financing Update 2022

Nov 20, 2022

65644_rns_2022-11-20_a9958cc8-b301-4dd8-b0ea-8b4c769760b0.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

21 November 2022

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DIRECTORS

Chairman John Foley Managing Director Gavin Loyden Non-Executive Director Tim Wall Non-Executive Director Daniel Harris Non-Executive Director David Fitch

Notice Under Section 708A

QEM Limited (ASX: QEM) (“ QEM ” or “ Company ”) issued 2,727,272 ordinary fully paid shares on 21 November 2022.

The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act.

The ordinary fully paid shares were issued without disclosure under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act.

The Company, as at the date of this notice, has complied with:

JULIA CREEK PROJECT

Vanadium Oil Shale

  • a) the provisions of Chapter 2M of the Corporations Act; and

  • b) Section 674 of the Corporations Act.

There is no excluded information as at the date of this notice, for the purposes of Sections 708A(7) and (8) of the Corporations Act.

ENDS

This announcement was authorised for release on the ASX by the Board of QEM Limited.

For further information, please contact:

QEM Limited

Gavin Loyden Joanne Bergamin Managing Director Communications Director P: +61 7 5646 9553 P: +61 481 149 411 E: [email protected] E: [email protected] [email protected]

E: [email protected] [email protected]

Registered Office Level 8 216 St Georges Tce Perth WA 6000 Australia +61(0) 8 9481 0389

Head Office

Level 6

50 Appel St Surfers Paradise Q 4217 Australia +61(0) 7 5646 9553

www.qldem.com.au [email protected]

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