Overview of Scheme Meeting Results

Technology Metals Australia Limited (ASX: $TMT) has announced that its shareholders have approved the Scheme of Arrangement, allowing Australian Vanadium Limited (AVL) to acquire 100% of the TMT shares. The Second Court Hearing is set to take place at 9.30am (AWST) on Friday, 19 January 2024.

Executive Commentary on Scheme Meeting Results

The resolution to approve the Scheme and the Amending Resolution have been successfully passed by the TMT shareholders at the Scheme meeting. The Company is now focused on seeking approval of the Scheme by the Court at the Second Court Hearing scheduled for 19 January 2024. If approved, the Scheme is expected to become effective on 1 February 2024, subject to certain conditions precedent.

Summary of Scheme Meeting and Future Steps

Technology Metals Australia Limited has received approval from its shareholders for the Scheme of Arrangement, enabling AVL to acquire all TMT shares. The Company is now awaiting the Second Court Hearing on 19 January 2024 for the Court's approval of the Scheme. If successful, the Scheme is anticipated to become effective on 1 February 2024, subject to meeting certain conditions precedent. TMT will continue to update its shareholders on any significant developments related to the Scheme as the process unfolds.