Group 6 Metals (ASX:G6M) Finalises Recapitalisation Amid ASX 200 Sector Activity

Highlights

• Group 6 Metals (ASX:G6M) completes recapitalisation strategy to strengthen its financial structure

• Share issuance and debt conversion mark the company’s transition phase for operational planning

• Finalisation follows shareholder approval and addresses liquidity for core operations

Group 6 Metals Ltd (ASX:G6M), listed within the resources segment of the ASX 200, has concluded its recapitalisation program aimed at enhancing its financial base. Operating within the Australian mining sector, the company is focused on tungsten production at its Dolphin Tungsten Mine located on King Island in Tasmania. This recapitalisation marks a milestone in the company’s broader strategic shift to support operational efficiencies and project development.

Recapitalisation Strategy Executed Following Shareholder Approval

The recapitalisation initiative, announced in the final quarter of the previous year, received formal backing from shareholders at a general meeting. This move was designed to reshape the company’s financial structure by reducing outstanding debt obligations and converting creditor liabilities into equity instruments. The completion of this plan occurred at the end of April, closing a key phase in the company’s financial reset.

The program resulted in the issuance of a substantial number of shares to restructure its balance sheet. Alongside this equity issuance, the company implemented a series of instruments, including warrants and options, distributed under its equity incentive framework. These measures were aligned with the company’s stated objective of enabling it to pursue operational improvements across its project pipeline.

Cash Position and Funding Activities During the Quarter

During the first quarter of the year, Group 6 Metals secured funds through structured debt facilities as part of the broader recapitalisation plan. In addition to this funding stream, the company received advance payments under subscription agreements with participating entities. This cash inflow was aimed at supporting near-term liquidity needs.

The quarterly activities also revealed the company’s cash and cash equivalents position as of the end of March. These reserves reflect the available resources to fund short-term planning and preliminary execution of its development roadmap at the Dolphin project site. The focus remains on refining operational systems and preparing for sustained output at the mine.

Operational Focus on Dolphin Tungsten Project in Tasmania

Group 6 Metals continues to develop the Dolphin Tungsten Mine, a site positioned as a key project in Australia’s critical minerals landscape. The mine, situated on King Island, is central to the company’s production agenda and underpins its strategy in the tungsten sector. The recapitalisation aligns with long-term plans to optimise operations and ensure steady advancement at the project location.

Tungsten remains a material of strategic interest in industrial and technological applications, placing the company’s operations in a unique position within the broader resources sector. As part of the ASX:G6M listing, the company’s activities contribute to the ongoing developments within the ASX 200 mining and energy segments.

Forward Steps Grounded in Operational and Financial Restructuring

The finalisation of the recapitalisation process signals a financial restructuring designed to underpin the next stages of the company’s operational planning. With shareholder support secured and funding mechanisms in place, Group 6 Metals is positioned to focus on its asset development and internal planning initiatives without reliance on external financial speculation or forecast-based expectations.

The company's emphasis remains on strengthening its project delivery through disciplined execution and resource alignment, while maintaining its presence within the (ASX:G6M) index framework of the ASX 200.