Issue of Shares on Conversion of Convertible Note

GreenX Metals Limited (ASX:GRX, LSE:GRX) (GreenX or the Company) advises that it has issued 5,711,805 ordinary fully paid shares (Shares) upon the conversion of a convertible loan note that had a principal amount of A$2,627,430 (Convertible Note).

An application will be made for admission of the Shares to the standard listing segment of the Official List of the FCA (Official List) and to trading on the main market of the London Stock Exchange for listed securities (LSE Admission). LSE Admission is expected to take place on or before 31 May 2024.

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules (DTRs), following LSE Admission, the Company's issued ordinary share capital will be 278,901,032 ordinary shares. The above figure of 278,901,032 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company following LSE Admission

Following the issue of Shares, GreenX has the following securities on issue:

• 278,901,032 ordinary fully paid shares;
• 4,775,000 unlisted options exercisable at A$0.45 each on or before 30 November 2025;
• 5,525,000 unlisted options exercisable at A$0.55 each on or before 30 November 2026; and
• 11,000,000 performance rights that have an expiry date 8 October 2026;

2.5 Total number of voting rights and capital