#SVML Sovereign Metals Limited – Results of Meeting and Issue of Performance Rights

A General Meeting (GM) of Sovereign Metals Limited (Company) (ASX:SVM; AIM:SVML; OTCQX: SVMLF) was held today, 18 February 2026, at 11.00am (AWST).

The resolutions voted on were in accordance with the Notice of GM previously advised to shareholders. All resolutions were decided on and carried by way of poll.

In accordance with Section 251AA of the Corporations Act 2001 and ASX Listing Rule 3.13.2, the details of the poll and proxies received in respect of each resolution are set out below.

Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX:SVMLF) (Sovereign or the Company) advises that it has today issued 8,650,000 unlisted performance rights to Directors following shareholder approval as follows:

·      3,600,000 unlisted performance rights subject to the “Bankable Definitive Feasibility Study Milestone” expiring on or before 30 June 2026; and

·      5,050,000 performance rights subject to the “Construction and Finance Milestone” that have no exercise price and expire 30 June 2028.

Following the issue of these unlisted performance rights, the Company has the following securities on issue:

·      646,938,703 fully paid ordinary shares (of no par value);

·      4,992,500 unlisted performance rights subject to the “Grant of Mining Licence Milestone” expiring on or before 31 March 2026 (expected to lapse unvested);

·      6,190,000 unlisted performance rights subject to the “Final Investment Decision Milestone” expiring on or before 30 June 2026 (expected to lapse unvested);

·      9,022,500 unlisted performance rights subject to the “Bankable Definitive Feasibility Study Milestone” expiring on or before 30 June 2026; and

·     13,262,500 performance rights subject to the “Construction and Finance Milestone” that have no exercise price and expire 30 June 2028.