Loyalty Options Issue

High-Tech Metals Limited (ASX: HTM) (“Company”) is pleased to announce a pro-rata non- renounceable entitlement issue of options to eligible shareholders on the basis of one (1) option (“Loyalty Option”) for every two (2) shares held by eligible shareholders at 5pm (WST) on 8 May 2023 (“Record Date”) at an issue price of $0.001 per Loyalty Option (“Entitlement Offer”).

The purpose of the Entitlement Offer is to recognise the support and loyalty the Company has received from its shareholders to date, many of them having committed their capital at or before the Company’s initial public offer.

The Entitlement Offer will also serve to help maintain shareholder loyalty for eligible shareholders who have purchased shares since the Company’s shares commenced quotation on the ASX on 23 January 2023.

Each Loyalty Option will be exercisable for one (1) fully paid ordinary share, at the exercise price of $0.25 per Loyalty Option on or before the expiry date being 19 January 2026. Only shareholders who hold shares on the Record Date will be eligible shareholders and be able to participate in the Entitlement Offer (“Eligible Shareholders”).

The Board of the Company retains the right to place any shortfall at their discretion within 3 months following the Closing Date of the Entitlement Offer.

The Company will apply to the ASX for the quotation of the Loyalty Options issued under the Entitlement Offer, subject to compliance with the requirements under the ASX Listing Rules. Full details of the Entitlement Offer are set out in the prospectus lodged by the Company on the ASX and to be despatched to the Eligible Shareholders on 11 May 2023. The anticipated timetable for the Entitlement Offer is as follows:

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