Increase in shareholding in Wildstone SARL

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce that Wildstone SARL has issued additional equity on a fully diluted basis to Xtract, and the Company's equity interest has increased to 80%.

The issue of up to 80% of Wildstone's equity on a fully diluted basis was conditional on further phased expenditure over a three-year period of an aggregated amount of not less than US$900,000 as previously announced.

Xtract's Moroccan partners in Wildstone have elected to grant the balance of 30% equity which provides Xtract with its maximum interest of 80% ahead of completion of the required aggregated expenditure, reflecting the commitment shown to date by Xtract in terms of the agreement entered into on 26 February 2025, to develop a significant antimony business in Morocco. The proactive contribution by Xtract both technically and financially has given Xtract's Moroccan partners the confidence to award the 80%, endorsing Xtract's credibility within country as a new entrant into the antimony arena.

Executive Chairman Colin Bird commented: "Together with our local partners we have accelerated all phases of business necessary to participate in Wildstone's Moroccan antimony development. We and our partners are totally aligned as to the methodology requirements and approach required to fast track a position in the antimony space. Our confidence reflects the prospect of further antimony price increases and the need to be proactive in developing a total capability in Morocco, and we look forward to keeping our shareholders abreast of developments".