Highlights:
• Greenvale Energy secures firm commitments to raise AUD 1.05 million through a placement.
• Funds to advance uranium exploration at the Oasis Project and broader Northern Territory portfolio.
• Share Purchase Plan (SPP) of AUD 500,000 to be offered to eligible shareholders on the same terms as the placement.

Greenvale Energy Limited (ASX:GRV) announced on 6 November 2025 that it has secured firm commitments to raise approximately AUD 1.05 million through a share placement to sophisticated and professional investors. The funds will be used to advance the company’s uranium-focused exploration activities, particularly at the Oasis Uranium Project in Queensland and across its Northern Territory portfolio.

Following the announcement, Greenvale shares dropped 18.2% to 4.5 cents per share on 6 November 2025.

Funding to Support Exploration and Growth

Under the placement, Greenvale will issue 23,659,091 fully paid ordinary shares at AUD 0.044 per share, representing a 17.7% discount to the 15-day volume-weighted average price (VWAP) of AUD 0.053. Each new share will be accompanied by one free-attaching, unlisted option for every two shares subscribed, exercisable at AUD 0.07 per option with an expiry date of 30 November 2026.

Proceeds from the placement will support ongoing exploration and the next phase of drilling at Oasis. The company plans to improve its exploration pipeline, progress new value-accretive growth opportunities, and evaluate potential merger and acquisition options.

Share Purchase Plan to Include Existing Investors

In addition to the placement, Greenvale will launch a AUD 500,000 Share Purchase Plan (SPP) for eligible shareholders. Participants will be able to apply for up to AUD 30,000 worth of new shares (including attaching options) under the same pricing and terms as the placement.

The company has scheduled to open the SPP on 13 November 2025, with the offer closing on 27 November 2025. New securities under the SPP are expected to be issued on 4 December 2025.

Advancing Uranium Exploration in Northern Territory

Greenvale’s exploration program continues at the Oasis Uranium Project, where trenching commenced in late October and is expected to continue through November. The trenching activity follows a successful drilling campaign and magnetic survey, both aimed at identifying structural trends that host uranium mineralisation.

The program is designed to map subsurface structures and determine key orientations to guide future drill targeting. Results from the trenching and drilling campaigns are expected before the end of the calendar year, setting the stage for the company’s next round of exploration in 2026.

Positioned for Continued Growth

Greenvale Energy remains focused on advancing a portfolio that supports a sustainable and low-carbon energy future. The company’s projects include uranium assets in the Northern Territory, the Oasis advanced-exploration project in Queensland, and the Alpha Torbanite and Millungera Basin geothermal projects.