Norsk Titanium shareholders approve capital increase for private placement, subsequent offering

Norsk Titanium AS's extraordinary general meeting, held digitally on September 5, 2025, approved all agenda items, including authorizations for share capital increases. The meeting had 400,124,047 shares represented, constituting approximately 45.4% of the total outstanding shares and votes.

A significant resolution was the board's authorization to increase share capital by up to 105,553,600 shares, equivalent to NOK 8,444,288, to facilitate tranche 2 of the private placement resolved on August 21, 2025. This authorization, valid until September 30, 2025, allows shares to be issued to Arctic Securities AS and/or Pareto Securities AS for redelivering borrowed shares to Scatec Innovation AS. Existing shareholders' pre-emptive rights to subscribe for shares in this placement are set aside.

Additionally, shareholders approved a subsequent offering for eligible shareholders as of the August 25, 2025, "Record Date," authorizing a capital increase of up to 40,726,800 shares, or NOK 3,258,144, valid until October 31, 2025. A broader authorization for the board to increase share capital by up to 20% (197,344,625 shares, or NOK 15,787,570) was also approved, aimed at strengthening equity, compensating consultants and directors, and acquiring businesses. This authorization replaces a previous one from May 6, 2025.