NewPeak Metals to Hold General Meeting on 21 August 2026 for Capital Raise Ratification and Director Share Issuances

Overview of NewPeak Metals' Capital Raising and Share Placement

NewPeak Metals Limited seeks shareholder endorsement for capital raising transactions completed prior to this General Meeting. The company executed an unconditional placement issuing 49,371,498 shares to sophisticated, professional, and institutional investors at A$0.013 per share. Shareholder ratification under ASX Listing Rule 7.4 is now required to maintain the company’s authority to issue shares without needing further approvals for each capital raise.

This ratification is strategically vital, as it will restore NewPeak's "full capacity to raise capital as and when required," indicating that without shareholder approval, future expedited capital raises could face limitations. The capital raising strategy involves a tiered approach: the unconditional placement has been completed and awaits ratification, while a conditional placement remains subject to shareholder approval at this meeting.

Director Share Issuances and Outstanding Fee Settlements

The meeting will also consider Resolutions 3 to 6, which propose issuing shares to directors to settle outstanding fees. Specific details such as the number of shares, director recipients, and the amount of fees discharged are not disclosed. This equity-based compensation approach reflects the company’s current capital conservation priorities and aligns director interests with those of shareholders.

Issuing shares to settle director fees is common in exploration and development-stage companies. It ensures directors hold equity subject to market conditions affecting all shareholders. The company has not provided information on vesting conditions, exercise prices, or other terms related to these shares.

Broker Options and Joint Lead Manager Compensation

Resolution 7 seeks shareholder approval for issuing broker options to joint lead managers or their nominees in connection with the capital raise. Details regarding the number of options, exercise price, vesting, or expiry are not disclosed. Broker options typically form part of capital raising fees, offering brokers deferred compensation tied to future share price appreciation.

This arrangement helps reduce upfront cash payments while incentivizing brokers to support investor demand during the capital raise. The requirement for shareholder approval under ASX Listing Rules underscores the significance of these options within the company’s capital structure, though specific terms remain undisclosed.

Voting Exclusions and Shareholder Participation for Resolution 1

Voting exclusions apply to Resolution 1, which seeks to ratify the unconditional placement. Excluded voters include participants in the placement, counterparties to the placement agreement, and their associates, in line with ASX rules to prevent conflicts of interest and maintain voting integrity.

Exceptions allow proxy votes cast per shareholder instructions, discretionary votes by the Chair acting as proxy, and votes by nominees, trustees, custodians, or fiduciaries on behalf of beneficiaries eligible to vote. Beneficiaries must provide written confirmation of voting eligibility to utilize the fiduciary carve-out. These provisions ensure ordinary shareholders can participate through representatives despite direct exclusions.

Meeting Details and Shareholder Communication

The General Meeting will be held in person at m+h Private, Level 1, 371 Queen Street, Brisbane QLD 4000, on 21 August 2026 at 10:00am AEST. Shareholders are encouraged to attend and engage in voting and discussions. The Notice of Meeting and explanatory memorandum were released to the ASX on 20 July 2026 and can be accessed at www.newpeak.com.au/asx-announcements and www.asx.com.au/markets/company/NPM.

NewPeak employs a paperless communication policy, sending hard copies only upon shareholder request. Shareholders receiving electronic notices will get communications via email, while others will receive proxy forms by post. To request a hard copy of the Notice of Meeting, shareholders may contact the share registry at +61 1300 554 474. This approach supports modern governance and reduces printing and postage expenses.

Proxy Voting and Shareholder Rights

Shareholders unable to attend may appoint proxies to vote on their behalf via https://au.investorcentre.mpms.mufg.com or by following proxy form instructions. Proxy submissions must be received by 10:00am AEST on 19 August 2026, allowing sufficient time for processing before the meeting.

Proxy voting is a fundamental shareholder right under the Corporations Act 2001. NewPeak’s provision of an online portal and clear deadlines reflects best practices in shareholder communication and accessibility. Timely submission is essential to ensure valid proxy votes are counted.

Company Background and Exploration Focus

NewPeak Metals Limited is an ASX-listed minerals exploration company headquartered in Brisbane, Queensland, with registered address Level 1, 371 Queen Street, Brisbane QLD 4000. The company trades under ASX code NPM and holds ACN 068 958 752. This announcement focuses on corporate governance matters; operational details regarding exploration projects, commodities, tenure, or strategy are not included. Investors should consult other company disclosures for such information.

Managing Director Mark Purcell authorized this announcement and invites shareholders to attend the meeting in Brisbane. The company’s website is www.newpeak.com.au, and general inquiries can be sent to [email protected].

Forward-Looking Statements and Risk Disclosures

The update includes comprehensive forward-looking statements and risk disclaimers. NewPeak cautions that projections are subject to significant uncertainties, including exploration and mining risks, commodity price fluctuations, reserve estimations, environmental and physical risks, regulatory changes, and political factors, which may cause actual outcomes to differ materially.

Additional risks include project timing, funding availability, property title issues, reliance on key personnel, share price volatility, and approval requirements. The company disclaims any assurance regarding the accuracy or completeness of forward-looking statements and assumes no obligation to update them based on new information or future events.

Important Notices and Limitations

The announcement is not an offer or solicitation to buy or sell securities. It does not contain all information necessary for investment decisions and should not be used in isolation. NewPeak disclaims any warranties regarding the accuracy or completeness of the information provided.

Shareholders and investors are encouraged to review the full Notice of Meeting and Explanatory Memorandum for detailed information on each resolution, rationale, and potential impacts. This announcement serves as notice and invitation to participate, with substantive details available on the company and ASX websites.