Orion Minerals issues shares, announces substantial holder

Orion Minerals Limited has issued 83,733,331 new fully paid ordinary shares at an issue price of 1.5 cents per share, raising A$1.26 million. This issuance is part of a larger placement that secured firm commitments for 574 million new shares, with the remaining A$4.4 million expected to be issued shortly. The shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001, falling within Orion’s 15% capacity for equity security issues under ASX Listing Rule 7.1.

In conjunction with the share issuance, Orion Minerals has released a Form 603 – Notice of initial substantial holder, available on the company's website. This notice informs shareholders of a new initial substantial holder resulting from the placement activities. As of October 10, 2025, the company confirms compliance with Chapter 2M, section 674, and section 674A of the Corporations Act, and all necessary information for section 708A(6)(e) has been disclosed to ASX Limited.