Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 11 Announcement Summary Entity name GREENVALE ENERGY LTD Announcement Type New announcement Date of this announcement 6/11/2025 The Proposed issue is: Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan ASX +security code +Security description Maximum Number of +securities to be issued New class-code to be confirmed Unlisted Options, $0.07 exercise, 30 November 2026 5,681,818 GRV ORDINARY FULLY PAID 11,363,636 +Record date 5/11/2025 Offer closing date 27/11/2025 +Issue date 4/12/2025 Total number of +securities proposed to be issued for a placement or other type of issue ASX +security code +Security description Maximum Number of +securities to be issued New class-code to be confirmed Unlisted Options, $0.07 exercise, 30 November 2026 11,829,545 GRV ORDINARY FULLY PAID 23,659,091 Proposed +issue date 11/11/2025 Refer to next page for full details of the announcement A placement or other type of issue A placement or other type of issue An offer of securities under a securities purchase plan Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 2 / 11 Part 1 - Entity and announcement details 1.1 Name of +Entity GREENVALE ENERGY LTD We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type ABN Registration Number 54000743555 1.3 ASX issuer code GRV 1.4 The announcement is 1.5 Date of this announcement 6/11/2025 1.6 The Proposed issue is: A placement or other type of issue A placement or other type of issue An offer of +securities under a +securities purchase plan New announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 3 / 11 Part 4 - Details of proposed offer under securities purchase plan Part 4A - Conditions 4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis? 4A.1a Conditions Approval/Condition +Security holder approval Date for determination 15/12/2025 Is the date estimated or actual? ** Approval received/condition met? No Comments General meeting of Shareholders to approve the issue of attaching options Estimated Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 11 Part 4B - Offer details +Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued ASX +security code and description GRV : ORDINARY FULLY PAID Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ASX +security code and description GRV : ORDINARY FULLY PAID Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 11,363,636 Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)? Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)? Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)? Describe all the applicable parcels available for this offer in number of securities or dollar value The offer may allow eligible holders to subscribe for one of the following parcels: $2,500, $5,000, $7,500, $10,000, $15,000, $20,000, $30,000 Offer price details Has the offer price been determined? In what currency will the offer be made? AUD - Australian Dollar What is the offer price per +security? AUD 0.04400 Yes No No No No Yes Yes No No No No Yes Yes No No No No Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 11 Oversubscription & Scale back details Will a scale back be applied if the offer is over-subscribed? Describe the scale back arrangements Board discretion Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Attaching +Security The proposed attaching security can only be of an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX) Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX) Details of attaching +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Unlisted Options, $0.07 exercise, 30 November 2026 +Security type Options Offer ratio (ratio of attaching securities at which the new +securities will be issued) The quantity of attaching +securities to be issued 1 For a given quantity of the new +securities issued 2 What will be done with fractional entitlements? Fractions rounded up to the next whole number Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 5,681,818 Offer price details Has the offer price been determined? In what currency will the offer be made? AUD - Australian Dollar What is the offer price per +security? AUD 0.07000 Please confirm whether the offer of the attaching +securities is a separate offer to the offer pursuant to the +security purchase plan Please confirm whether the attaching +securities are being offered under a +disclosure document or +PDS Yes Yes No Yes New class Yes Yes Yes Yes No Yes New class Yes Yes Yes Yes No Yes New class Yes Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 6 / 11 Oversubscription & Scale back details Will a scale back be applied if the offer is over-subscribed? Describe the scale back arrangements Board discretion Will all the +securities issued in this class rank equally in all respects from their issue date? Options details +Security currency AUD - Australian Dollar Exercise price AUD 0.0700 Expiry date 30/11/2026 Details of the type of +security that will be issued if the option is exercised GRV : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised 5681818 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. https://greenvaleenergy.com.au/announcements Part 4C - Timetable 4C.1 Date of announcement of +security purchase plan 6/11/2025 4C.2 +Record date 5/11/2025 4C.3 Date on which offer documents will be made available to investors 13/11/2025 4C.4 Offer open date 13/11/2025 4C.5 Offer closing date 27/11/2025 Yes Yes Yes Yes Yes Yes Yes Yes Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 7 / 11 4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer 4/12/2025 Part 4D - Listing Rule requirements 4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements? Part 4E - Fees and expenses 4E.1 Will there be a lead manager or broker to the proposed offer? 4E.2 Is the proposed offer to be underwritten? 4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? 4E.3a Will the handling fee or commission be Dollar based or Percentage based? 4E.3b Amount of any handling fee or commission payable to brokers who lodge acceptances on behalf of investors 4.000000 % 4E.3c Please provide any other relevant information about the handling fee or commission method 4E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Part 4F - Further Information 4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Continued exploration of the uranium portfolio, Alpha project and working capital 4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? 4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer 4F.3 URL on the entity's website where investors can download information about the proposed offer https://greenvaleenergy.com.au/announcements 4F.4 Any other information the entity wishes to provide about the proposed offer No Percentage based (%) Yes No No Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 8 / 11 Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? 7A.1a Conditions Approval/Condition +Security holder approval Date for determination 15/12/2025 Is the date estimated or actual? ** Approval received/condition met? No Comments General meeting of Shareholders to approve the issue of attaching options Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ASX +security code and description GRV : ORDINARY FULLY PAID Number of +securities proposed to be issued 23,659,091 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? In what currency is the cash consideration being paid? AUD - Australian Dollar What is the issue price per +security? AUD 0.04400 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Yes Yes Existing class Estimated Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 9 / 11 Attaching +Security Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)? Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX) Details of attaching +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Unlisted Options, $0.07 exercise, 30 November 2026 +Security type Options Number of +securities proposed to be issued 11,829,545 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? In what currency is the cash consideration being paid? AUD - Australian Dollar What is the issue price per +security? AUD 0.07000 Will all the +securities issued in this class rank equally in all respects from their issue date? Options details +Security currency AUD - Australian Dollar Exercise price AUD 0.0700 Expiry date 30/11/2026 Details of the type of +security that will be issued if the option is exercised GRV : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised 11829545 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Yes Yes No Yes New class Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 10 / 11 proposed to be issued or provide the information by separate announcement. https://greenvaleenergy.com.au/announcements Part 7C - Timetable 7C.1 Proposed +issue date 11/11/2025 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1? 23,659,091 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? 7E.2 Is the proposed issue to be underwritten? 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Continued exploration of the uranium portfolio, Alpha project and working capital 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No No No No No No Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 11 / 11 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? 7F.2 Any other information the entity wishes to provide about the proposed issue 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No