White Energy Company Announces Virtual 2026 General Meeting with Five Crucial Shareholder Resolutions

Virtual Meeting Platform and Online Participation Instructions

White Energy Company will host its 2026 General Meeting entirely online using an Automic-powered platform. This system allows shareholders to listen to proceedings, view presentations, and submit questions live to the Board. Shareholders are advised to register for an Automic account ahead of the meeting to ensure smooth access. Registration is available at https://portal.automic.com.au/investor/home using their Securityholder Reference Number (SRN) or Holder Identification Number (HIN) found on shareholding statements. Early registration before the meeting start time is recommended.

On meeting day, shareholders wishing to vote live must log into the Automic portal, select "Register" when prompted, then click "Join Meeting" to participate in electronic voting. Each resolution will be decided by poll with votes cast electronically during the virtual session. A comprehensive Registration and Voting Guide is available on the Automic website to assist shareholders with technical procedures.

Five Resolutions for Shareholder Approval at August Meeting

The General Meeting will address five key resolutions involving major corporate actions and equity arrangements. Resolution 1 seeks approval to issue Capital Raise Shares, indicating a capital raise to support operations or growth, though specific terms remain undisclosed. Resolution 2 requests approval for Consideration Shares to the EGR Vendor, reflecting a transaction settled partly through equity issuance.

Resolution 3 concerns approval for Broker Options, typically granted as fees or incentives to brokers assisting with capital raising. Resolution 4 proposes a Loan Funded Share Plan, allowing employees or executives to acquire shares funded by loans, enabling equity participation without upfront cash. Resolution 5 specifically seeks approval to issue Loan Funded Shares to Mr Nathan Tinkler, suggesting his involvement as a director, executive, or major shareholder in the plan. Details on share numbers, loan amounts, and vesting conditions were not disclosed.

Document Distribution Timeline and Shareholder Communication

White Energy Company will dispatch General Meeting materials—including the Shareholder Access Letter, Notice of Meeting, and personalised Proxy Forms—on Wednesday, 29 July 2026 via email and post to all shareholders. This dual distribution ensures broad accessibility across shareholder preferences. The company secretary and share registry, Automic, will manage the distribution in compliance with ASX listing rules and governance standards.

The Notice of Meeting, detailing the meeting agenda, is also accessible on the company’s investor relations website at https://whiteenergyco.com/investors/, the ASX company page at https://www2.asx.com.au/markets/company/WEC, or by contacting the Company Secretary at [email protected] or +612 8072 1400. This multi-channel availability guarantees shareholders can easily obtain meeting documents regardless of their preferred source.

Proxy Voting Process and Deadlines

Shareholders may vote by proxy without attending the virtual meeting live. Proxy forms can be submitted online via Automic’s website, by mail to GPO Box 5193 Sydney NSW 2001, hand delivery to Level 5, 126 Phillip Street Sydney NSW 2000, or email to [email protected]. Online submissions are made at https://singleholding.automic.com.au/login using holder numbers, navigating to "View Meetings" and "Vote".

All proxy votes must be received no later than 11:00am Sydney time on Wednesday, 26 August 2026—48 hours before the meeting. Late submissions will be invalid and excluded from vote counts. This deadline ensures sufficient time for processing and verification. Shareholders are advised to submit proxies early to avoid delays or technical issues.

Company Overview and Operational Footprint

White Energy Company Limited is an Australian mining services and technology firm listed on the ASX as WEC and OTC markets as WECFF. Headquartered at Lobby 1, Level 2, 76 Skyring Terrace, Newstead, Queensland, Australia, ABN 62 071 527 083, the company specialises in coal and mineral processing technologies. It designs, manufactures, and deploys dense media and gravity separation equipment essential for coal and mineral beneficiation worldwide.

Led by CEO Greg Sheahan, who authorised this announcement, and Company Secretary David Franks, White Energy operates internationally, serving major coal and mineral producers. Revenue streams derive from equipment sales, service contracts, and licensing. The firm focuses on technological innovation to enhance mining clients’ productivity and operating margins.

Risks and Uncertainties Impacting Shareholder Value

White Energy’s business is exposed to sector-specific risks including commodity price fluctuations, mining production cycles, and capital expenditure trends that affect demand for mining equipment and services. Additional risks include competitive pressures, technological changes, regulatory shifts, supply chain disruptions, foreign exchange volatility, and capital market conditions impacting fundraising and shareholder value.

Forward-looking statements are subject to these uncertainties. The success of the capital raise and share issuances depends on market conditions, investor interest, and timely execution at anticipated valuations.

Shareholder Engagement and Advance Question Submission

Shareholders are invited to submit questions in advance of the General Meeting to Company Secretary David Franks at [email protected] at least five business days prior. This enables thorough preparation and comprehensive responses during the meeting.

The virtual platform also allows real-time questions during the meeting regarding agenda items and company operations, fostering direct interaction between shareholders and the Board. This approach underscores White Energy’s commitment to transparent governance and informed shareholder decision-making.

Capital Raise and Financing Strategy Overview

The proposed Capital Raise Shares approval indicates White Energy’s intent to strengthen its financial position or fund growth initiatives. Specific capital amounts, share pricing, and proceeds usage were not disclosed. Capital raises in this sector typically support equipment development, working capital, debt reduction, acquisitions, or market expansion. Shareholder approval complies with ASX rules on dilution and ensures shareholder input on ownership impacts.

Broker Options approval suggests engagement of brokers for capital raising services, with options serving as standard fee incentives aligning broker interests with capital raise success. Together with vendor consideration shares and loan-funded share plans, this reflects a comprehensive financing and stakeholder incentivisation strategy.

EGR Vendor Transaction and Strategic Acquisition

Resolution 2’s approval for Consideration Shares to EGR Vendor indicates a transaction involving equity-based vendor payment. This method conserves cash, aligns vendor interests with company performance, and may offer tax advantages. Details on the transaction’s nature, assets, valuation, share quantity, or earn-out provisions were not disclosed.

Shareholder approval is required due to the transaction’s materiality under ASX rules, likely involving related party or significant asset acquisition protocols. This deal may expand White Energy’s product range, customer base, geographic presence, or operational capabilities in mining services.

Loan-Funded Share Plan and Executive Participation

Resolutions 4 and 5 concern establishing a Loan-Funded Share Plan and issuing shares to Mr Nathan Tinkler under this scheme. Such plans enable participants to acquire shares via company loans repaid over time through salary or dividends, fostering equity ownership without immediate cash outlay.

Specific terms including share numbers, loan amounts, interest, vesting, repayment, and performance conditions were not disclosed. Mr Tinkler’s role and rationale for participation were also unspecified. Shareholders should review full meeting materials to understand implications for equity dilution and incentive alignment before voting.