Strategic Energy Resources Raises Capital with 9.58 Million Shares Issued at $0.12, Total Quoted Shares Reach 66.16 Million

Completion of First Placement Tranche at $0.12 Per Share

Strategic Energy Resources Limited has officially applied for the quotation of 9,583,333 ordinary fully paid shares, marking the settlement of the first tranche of its placement priced at $0.12 per share. The application records the issue date as 3 July 2026, with payment made in Australian dollars. These shares will be traded as ordinary fully paid securities under the ASX ticker SER.

The placement was first announced to the market via an Appendix 3B lodged on 29 June 2026 titled "New — Proposed issue of securities — SER." This quotation application confirms the formal completion of the initial tranche, transitioning the shares from proposed status to being officially quoted and tradeable on the ASX. The gross proceeds from this tranche amount to approximately $1,149,999.96, although the company has not disclosed net proceeds or specific plans for the funds in this update.

Board Directors’ $100,000 Commitment Awaiting Shareholder Approval

An important aspect of this capital raise is the participation of SER’s Board of Directors, who have committed to subscribe $100,000 worth of shares. However, issuance of this tranche is contingent on shareholder approval, which the company intends to seek "as soon as practical."

Director involvement typically signals confidence in the company’s strategy, as insiders invest alongside external shareholders. This means the current quotation does not represent the full placement, with further securities to be issued pending the shareholder vote on the related-party component. The company confirmed additional securities remain to be issued to complete the transaction described in the 29 June Appendix 3B.

Total Quoted Shares Increase to 66.16 Million Post-Issue

Following the quotation of the 9,583,333 new shares, Strategic Energy Resources’ total quoted ordinary fully paid shares on issue will be 66,161,460. This figure is generated automatically during the quotation application process and reflects the company’s issued capital once the current securities are processed and listed.

Note that ASX cautions these figures may not represent the absolute current issued capital if other capital or quotation processes are ongoing. For the most accurate share count, investors should consult the company’s share registry or recent capital disclosures. Nonetheless, the 66.16 million shares provide a useful reference point for evaluating the dilution impact of the placement on existing shareholders.

Unquoted Options: Over 10 Million at $0.20 Exercise Price and Additional 930,000 at Various Terms

In addition to ordinary shares, the company has two classes of unquoted options outstanding. The larger class consists of 10,250,004 options with an exercise price of $0.20 expiring on 28 March 2027, listed under ASX code SERAF. The second class includes 930,000 options (code SERAE) with varied expiry dates and exercise prices, details of which were not disclosed in this update.

These over 10 million options at an exercise price above the $0.12 placement price are significant for shareholders. Should the share price exceed $0.20 before the March 2027 expiry, exercising these options could lead to dilution of approximately 10.25 million additional shares. Currently, these options are out of the money relative to the placement price. Investors should monitor the company’s share price relative to the $0.20 threshold as a key indicator in the coming months.

Placement Pricing and Market Context

The placement shares were issued at $0.12 each as set out in the Appendix 3B announcement on 29 June 2026. The immediate market impact on SER’s share price was not detailed in public disclosures, so investors should refer to live ASX trading data for current pricing.

Placements are a common capital-raising method for smaller ASX-listed companies, enabling rapid fund raising from institutional or sophisticated investors without the cost and delay of a full prospectus. Such placements are often priced at a discount to market price to encourage participation, though the company did not specify the discount applied. The intended use of proceeds was not disclosed in this update.

Transaction Timeline: From June 29 Announcement to July 3 Quotation

The transaction progressed swiftly. The Appendix 3B, the ASX’s standard form for proposed securities issues, was lodged on 29 June 2026 at 10:18 am, notifying the market of the planned placement. Just four days later, on 3 July 2026, the company submitted the Appendix 2A quotation application confirming completion of the first tranche and requesting admission of the shares to trading.

This four-day settlement period aligns with typical market practices for placements, where administrative and regulatory steps between announcement and quotation usually span several business days. The next key event will be the shareholder meeting to approve the Board’s $100,000 participation, with timing to be announced "as soon as practical."

Implications of Shareholder Approval Requirement for Board Participation

The company confirmed that further securities remain to be issued to complete the full placement transaction referenced in the 29 June Appendix 3B. Specifically, the Board’s $100,000 subscription is subject to shareholder approval, as required under ASX Listing Rules for related-party transactions involving directors and their associates.

At $0.12 per share, the Board’s commitment equates to approximately 833,333 additional shares, representing modest dilution relative to the 9,583,333 shares already issued. The shareholder approval process involves dispatching a notice of meeting, explanatory materials, and conducting a formal vote. The outcome will determine if the Board’s participation is finalized.

Strategic Energy Resources’ Capital Structure Following Placement

With 66,161,460 quoted ordinary shares and over 11 million options outstanding, Strategic Energy Resources’ capital structure reflects that of a small ASX-listed resources company actively managing its capital base. The placement has significantly increased the share count and capital base compared to pre-placement levels, even before the Board tranche is approved.

The company has not disclosed its cash position, net asset value, or specific projects to be funded by the placement proceeds in this update. For strategic rationale and deployment plans, investors should review the original 29 June Appendix 3B or related investor communications. The upcoming shareholder meeting and any operational updates will be important milestones to watch.

Investor Outlook as New Shares Begin Trading

The quotation of 9,583,333 new shares will increase liquidity in SER’s ordinary shares on the ASX. Placement participants will have tradable shares from 3 July 2026, subject to any escrow conditions, which the company did not disclose.

The $0.12 issue price provides a reference point for existing shareholders assessing their holdings’ value. Market participants will observe how SER’s share price reacts to the increased share count, capital raised, and forthcoming updates on fund usage and the shareholder vote on Board participation. The next significant update is expected to be the shareholder meeting notice regarding director participation in the placement.