Announcement PDF ALBRIGHT METALS LIMITED ACN 616 795 245 NOTICE OF ANNUAL GENERAL MEETING Notice is given that the Meeting will be held at: TIME: 10:00am (WST) DATE: Wednesday, 25 November 2026 PLACE: 191B Carr Place LEEDERVILLE WA 6007 The business of the Meeting affects your shareholding and your vote is important. This Notice of Meeting should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting. The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Meeting are those who are registered Shareholders at 5:00pm (WST) on 23 November 2026. 2 BUSINESS OF THE MEETING AGENDA 1. FINANCIAL STATEMENTS AND REPORTS To receive and consider the annual financial report of the Company for the financial year ended 30 June 2026 together with the declaration of the Directors, the Director’s report, the Remuneration Report and the auditor’s report. 2. RESOLUTION 1: ADOPTION OF REMUNERATION REPORT To consider and, if thought fit, to pass, with or without amendment, the following resolution as a non-binding resolution: “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s annual financial report for the financial year ended 30 June 2026.” Note: the vote on this Resolution is advisory only and does not bind the Directors or the Company. A voting prohibition statement applies in relation to this Resolution. Please see below. 3. RESOLUTION 2: ELECTION OF MR CHARLES RYAN, WHO HAS BEEN NOMINATED BY A SHAREHOLDER, AS A DIRECTOR To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purpose of clause 7.2 (f) of the Constitution and for all other purposes, Mr Charles Ryan, who has been nominated by a Shareholder in accordance with the Constitution, is elected as a Director of the Company.” 4. RESOLUTION 3: APPROVAL OF 7.1A MANDATE To consider and, if thought fit, to pass the following resolution as a special resolution: “That, for the purposes of Listing Rule 7.1A and for all other purposes, approval is given for the Company to issue up to that number of Equity Securities equal to 10% of the issued capital of the Company at the time of issue, calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and otherwise on the terms and conditions set out in the Explanatory Statement.” Note: Resolution 3 is a special resolution. To be passed, it must be approved by at least 75% of the votes cast by Shareholders entitled to vote on the Resolution. Voting exclusions apply in relation to this Resolution. Please see below. 3 5. RESOLUTION 4: RATIFICATION OF PRIOR ISSUE OF SHARES – GLOBEX MINING ENTERPRISES INC To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of Listing Rule 7.4, Shareholders ratify the issue of 68,123,333 Shares to Globex Mining Enterprises Inc on the terms and conditions set out in the Explanatory Statement.” Voting exclusions apply in relation to this Resolution. Please see below. 6. QUESTIONS AND COMMENTS The Chair will allow a reasonable opportunity for Shareholders to ask questions or make comments on the management of the Company. 4 Voting Prohibition Statements Resolution 1 – Adoption of Remuneration Report A vote on this Resolution must not be cast (in any capacity) by or on behalf of either of the following persons: (a) a member of the Key Management Personnel, details of whose remuneration are included in the Remuneration Report; or (b) a Closely Related Party of such a member. However, a person (the voter) described above may cast a vote on this Resolution as a proxy if the vote is not cast on behalf of a person described above and either: (a) the voter is appointed as a proxy by writing that specifies the way the proxy is to vote on this Resolution; or (b) the voter is the Chair and the appointment of the Chair as proxy: (i) does not specify the way the proxy is to vote on this Resolution; and (ii) expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with the remuneration of a member of the Key Management Personnel. Voting Exclusion Statements In accordance with Listing Rule 14.11, the Company will disregard any votes cast in favour of the Resolution set out below by or on behalf of the following persons: Resolution 3 – Approval of 7.1A Mandate Any person who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issue (except a benefit solely by reason of being a holder of Shares) or an associate of that person or those persons. Resolution 4 – Ratification of prior issue of shares A person (or persons) who participated in the issue of the Shares (namely Globex Mining Enterprises Inc) or an associate of that person (or those persons). However, this does not apply to a vote cast in favour of the Resolution by: (a) a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with the directions given to the proxy or attorney to vote on the Resolution in that way; or (b) the Chair as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or (c) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: (i) the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and (ii) the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. 5 Explanatory Statement For further information in relation to the items of business to be considered at the Meeting, please refer to the Explanatory Statement which accompanies this Notice. The Explanatory Statement forms part of this Notice. Glossary Unless inconsistent with the context, capitalised terms used in this Notice will have the meanings given to them in the Glossary of Terms set out in the Explanatory Statement. Meeting and Voting Information Appointment of a proxy A Shareholder entitled to attend and vote at the Meeting is entitled to appoint a proxy. The proxy may, but need not be, a Shareholder. If you wish to appoint the Chair as your proxy, mark the appropriate box on the Proxy Form. If the person you wish to appoint as your proxy is someone other than the Chair please write the name of that person. If you leave this section blank, or your named proxy does not attend the Meeting, the Chair will be your proxy. You are entitled to appoint up to two persons as proxies to attend the Meeting and vote on a poll. To appoint a second proxy you must on each Proxy Form state (in the appropriate box) the percentage of your voting rights which are the subject of the relevant proxy. If both Proxy Forms do not specify that percentage, each proxy may exercise half your votes. Fractions of votes will be disregarded. Corporate Shareholders Corporate Shareholders should comply with the execution requirements set out on the proxy form or otherwise with the provisions of section 127 of the Corporations Act. Section 127 of the Corporations Act provides that a company may execute a document without using its common seal if the document is signed by: • two directors of the company; • a director and a company secretary of the company; or • for a proprietary company that has a sole director who is also the sole company secretary – that director. Votes on Resolutions Voting on each Resolution will be decided by poll, based on proxy votes and by votes from Shareholders in attendance at the Annual General Meeting. You may direct your proxy how to vote on a Resolution by placing a mark in one of the boxes opposite the Resolution. All your shareholding will be voted in accordance with such a direction unless you indicate only a portion of voting rights are to be voted on the Resolutions by inserting the percentage or number of Shares you wish to vote in the appropriate box or boxes. If you do not mark any of the boxes on the Resolutions, your proxy may vote as he or she chooses. If you mark more than one box on a Resolution your vote on the Resolution will be invalid. Voting entitlement (snapshot date) For the purposes of determining voting and attendance entitlements at the Meeting, Shares will be taken to be held by the persons who are registered as holding the Shares at 5.00pm WST on Monday, 23 November 2026. Accordingly, transactions registered after that time will be disregarded in determining entitlements to attend and vote at the Meeting. 6 Corporate representatives A corporation may elect to appoint an individual to act as its representative in accordance with section 250D of the Corporations Act, in which case the Company will require a certificate of appointment of the corporate representative executed in accordance with the Corporations Act. The certificate of appointment must be lodged with the Company and/or the Company's share registry before the Meeting or at the registration desk on the day of the Meeting. Questions from Shareholders At the Meeting, the Chair will allow a reasonable opportunity for Shareholders to ask questions or make comments on the management of the Company. The auditor responsible for preparing the auditor's report for the year ended 30 June 2026 (or their representative) will also attend the Meeting. The Chair will also allow a reasonable opportunity for Shareholders to ask the auditor questions about the conduct of the audit, the preparation and content of the auditor’s report, the accounting policies adopted by the Company in relation to the preparation of financial statements, and the independence of the auditor in relation to the conduct of the audit. Should you wish to discuss the matters in this Notice of Meeting please do not hesitate to contact the Company Secretary on +61 8 9321 0001. By order of the Board Neville Bassett Company Secretary 14 October 2026 7 EXPLANATORY STATEMENT This Explanatory Statement has been prepared for the information of Shareholders in relation to the business to be conducted at the Annual General Meeting. The purpose of this Explanatory Statement is to provide Shareholders with all information known to the Company which is material to a decision on how to vote on the Resolutions in the accompanying Notice of Annual General Meeting. This Explanatory Statement should be read in conjunction with the Notice of Annual General Meeting. 1. FINANCIAL STATEMENTS AND REPORTS In accordance with the Corporations Act, the business of the Meeting will include receipt and consideration of the annual financial report of the Company for the financial year ended 30 June 2026 together with the declaration of the Directors, the Directors’ report, the Remuneration Report and the auditor’s report. The Company will not provide a hard copy of the Company’s annual financial report to Shareholders unless specifically requested to do so. The Company’s annual financial report is available on its website at https://www.albrightmetals.com/. 2. RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT 2.1 General The Corporations Act requires that at a listed company’s annual general meeting, a resolution that the remuneration report be adopted must be put to the shareholders. However, such a resolution is advisory only and does not bind the company or the directors of the company. The remuneration report sets out the company’s remuneration arrangements for the directors and senior management of the company. The remuneration report is part of the directors’ report contained in the annual financial report of the company for a financial year. The chair of the meeting must allow a reasonable opportunity for its shareholders to ask questions about or make comments on the remuneration report at the annual general meeting. 2.2 Voting consequences A company is required to put to its shareholders a resolution proposing the calling of another meeting of shareholders to consider the appointment of directors of the company (Spill Resolution) if, at consecutive annual general meetings, at least 25% of the votes cast on a remuneration report resolution are voted against adoption of the remuneration report and at the first of those annual general meetings a Spill Resolution was not put to vote. If required, the Spill Resolution must be put to vote at the second of those annual general meetings. If more than 50% of votes cast are in favour of the Spill Resolution, the company must convene a shareholder meeting (Spill Meeting) within 90 days of the second annual general meeting. 8 All of the directors of the company who were in office when the directors' report (as included in the company’s annual financial report for the most recent financial year) was approved, other than the managing director of the company, will cease to hold office immediately before the end of the Spill Meeting but may stand for re-election at the Spill Meeting. Following the Spill Meeting those persons whose election or re-election as directors of the company is approved will be the directors of the company. 2.3 Previous voting results At the Company’s previous annual general meeting the votes cast against the remuneration report considered at that annual general meeting were less than 25%. Accordingly, the Spill Resolution is not relevant for this Annual General Meeting. 2.4 Board recommendation The Directors decline to make a recommendation as to how Shareholders should vote in respect of Resolution 1 as they each have an interest in the outcome of the Resolution. 3. RESOLUTION 2 – ELECTION OF MR CHARLES RYAN, WHO HAS BEEN NOMINATED BY A SHAREHOLDER, AS A DIRECTOR 3.1 Background Clause 7.2(f) of the Company’s Constitution provides that a member may nominate another person as a candidate for election as a Director at a general meeting, whether or not that person is a member, by serving on the Company, at least 35 Business Days before the general meeting: • a notice of nomination signed by the member; and • a consent to the nomination signed by the nominee. The Company advises that it has received a nomination for the election of Mr Charles Ryan as a non-executive Director of the Company at the Meeting, within the required time prescribed under the Company’s Constitution. By notice received by the Company on 5 October 2026, Mr Charles Ryan, who is an external candidate, was nominated for election as a non-executive Director in accordance with clause 7.2(f) of the Constitution. 3.2 Information provided by Mr Charles Ryan Qualifications: Bachelor of Economics - University of Western Australia Post-Graduate Diploma of Applied Finance and Investment – Securities Institute of Australia (now FINSIA) Mr Ryan has provided the following information for inclusion in this Notice. Mr Ryan is an international corporate finance and funds management executive with more than 20 years of experience across Australia, Canada, the United Kingdom and New Zealand, with a particular focus on the junior mining and natural resources sectors. He is the founder and managing director of a private corporate advisory and business development firm, which has facilitated the listing and financing of multiple junior 9 mining and growth companies on the CSE, ASX and other global exchanges. Earlier in his career, Mr Ryan was an Investment Manager at a Perth-based natural resources fund, where he managed a portfolio of more than $200 million in assets under management. He holds a Bachelor of Economics (Finance and Banking) from the University of Western Australia and postgraduate qualifications from the Financial Services Institute of Australasia (FINSIA). Based in New Zealand, he can serve as a strategic bridge between the Canadian (CSE/TSX) and Australian (ASX) capital markets, offering the ABR board distinct global reach, capital market and network liquidity. Mr Ryan is presently not a director of any other ASX-listed company. 3.3 Independence Mr Ryan has declared that: • he has no interests, position, association or relationship that might influence, or reasonably be perceived to influence, in a material respect his capacity to bring an independent judgement to bear on issues before the Board and to act in the best interest of the Company and its security holders generally. • he does not fall into any of the standard disqualifying categories outlined in the ASX guidelines. Specifically, he is not a substantial shareholder, has not been employed in an executive capacity within the last three years, and does not have material business, professional advisory, or contractual relationships with the Company. Based on the declaration, if elected, the Board considers Mr Ryan will be an independent director. 3.4 Board recommendation The Company has conducted appropriate checks into Mr Ryan’s background and experience. The Board has considered the nomination and recommends Shareholders vote in favour of Resolution 2. The Chairperson intends to exercise all available undirected proxies in favour of Resolution 2. 4. RESOLUTION 3 – APPROVAL OF 7.1A MANDATE 4.1 General Broadly speaking, and subject to a number of exceptions, Listing Rule 7.1 limits the amount of Equity Securities that a listed company can issue without the approval of its shareholders over any 12 month period to 15% of the fully paid ordinary securities it had on issue at the start of that period. However, under Listing Rule 7.1A, an eligible entity may seek shareholder approval by way of a special resolution passed at its annual general meeting to increase this 15% limit by an extra 10% to 25% (7.1A Mandate). An ‘eligible entity’ means an entity which is not included in the S&P/ASX 300 Index and has a market capitalisation of $300,000,000 or less. The market capitalisation of the Company as at the date of this Notice is $4,661,367. The Company is therefore an eligible entity for the purposes of Listing Rule 7.1A. 10 Resolution 3 seeks Shareholder approval by way of special resolution for the Company to have the additional 10% placement capacity provided for in Listing Rule 7.1A to issue Equity Securities without Shareholder approval. As Resolution 3 is a special resolution, it must be passed by at least 75% of the votes cast by Shareholders present and entitled to vote on the Resolution. If Resolution 3 is passed, the Company will be able to issue Equity Securities up to the combined 25% limit in Listing Rules 7.1 and 7.1A without any further Shareholder approval. If Resolution 3 is not passed, the Company will not be able to access the additional 10% capacity to issue Equity Securities without Shareholder approval under Listing Rule 7.1A, and will remain subject to the 15% limit on issuing Equity Securities without Shareholder approval set out in Listing Rule 7.1. 4.2 Overview of Listing Rule 7.1A (a) Quoted securities Equity Securities issued under the 7.1A Mandate must be on the same terms as an existing class of equity securities of the Company quoted on ASX. As at the date of this Notice, the Company has two classes of quoted Equity Securities on issue, being: • fully paid ordinary Shares (ABR); and • Options exercisable at $0.006 and with an expiry date of 6 January 2029 (ABRO). (b) Formula for calculating 7.1A Mandate Listing Rule 7.1A.2 provides that the Company may issue or agree to issue a number of equity securities calculated in accordance with the following formula under the 7.1A Mandate: Additional Placement Capacity = (A x D) – E where: A is the number of Shares on issue 12 months before the commencement of the relevant period: • plus the number of Shares issued in the period from the date the Company was admitted to the official list of ASX to the date immediately preceding the date of the issue or agreement (Relevant Period) under an exception in Listing Rule 7.2 (other than exceptions 9, 16 or 17); • plus the number of Shares issued in the Relevant Period on the conversion of convertible securities within Listing Rule 7.2 exception 9 where: o the convertible securities were issued or agreed to be issued before the commencement of the Relevant Period; or 11 o the issue of, or agreement to issue, the convertible securities was approved, or taken under these rules to have been approved, under Listing Rules 7.1 or 7.4; • plus the number of Shares issued in the Relevant Period under an agreement to issue securities within Listing Rule 7.2 exception 16 where: o the agreement was entered into before the commencement of the Relevant Period; or o the agreement or issue was approved, or taken under these rules to have been approved, under Listing Rules 7.1 or rule 7.4; • plus the number of Shares issued in the Relevant Period with approval under Listing Rules 7.1 or 7.4; • plus the number of partly paid ordinary securities that became fully paid in the Relevant Period; and • less the number of Shares cancelled in the Relevant Period; D is 10%; and E is the number of equity securities issued or agreed to be issued under Listing Rule 7.1A.2 in the Relevant Period where the issue or agreement has not been subsequently approved by the Shareholders under Listing Rule 7.4. (c) Interaction with Listing Rule 7.1 Listing Rule 7.1 limits the number of equity securities that an entity may issue without the approval of its shareholders over any 12 month period to 15% of the fully paid ordinary shares it had on issue at the start of that period, subject to certain exceptions. The 7.1A Mandate is in addition to the Company’s 15% placement capacity under Listing Rule 7.1. 4.3 Technical information required by Listing Rule 7.1A Pursuant to and in accordance with Listing Rule 7.3A, the information below is provided in relation to Resolution 3: (a) Period for which the 7.1A Mandate is valid The 7.1A Mandate will commence on the date of the Meeting and expire on the first to occur of the following: (i) the date that is 12 months after the date of this Meeting; (ii) the time and date of the Company’s next annual general meeting; and (iii) the time and date of approval by Shareholders of any transaction under Listing Rule 11.1.2 (a significant change in the nature or scale of activities) or Listing Rule 11.2 (disposal of the main undertaking). 12 (b) Minimum price Any Equity Securities issued under the 7.1A Mandate must be in an existing quoted class of Equity Securities and be issued for a cash consideration per security which is not less than 75% of the volume weighted average price of Equity Securities in that class, calculated over the 15 trading days on which trades in that class were recorded immediately before: (i) the date on which the price at which the Equity Securities are to be issued is agreed by the entity and the recipient of the Equity Securities; or (ii) if the Equity Securities are not issued within 10 trading days of the date in paragraph (i) above, the date on which the Equity Securities are issued. (c) Use of funds raised under the 7.1A Mandate The Company intends to use funds raised from issues of Equity Securities under the 7.1A Mandate as cash consideration for the acquisition of new assets or investments, continued exploration and feasibility study expenditure on the Company’s current assets and/or for general working capital purposes. (d) Risk of Economic and Voting Dilution Any issue of equity securities under the 7.1A Mandate will dilute the interests of Shareholders who do not receive Shares under the issue. If Resolution 3 is approved and the Company issues equity securities under the 7.1A Mandate, then there is a risk to existing Shareholders of economic and voting dilution, including the risk that: (i) the market price for equity securities in the same class may be significantly lower on the issue date of the new equity securities than on the date of the Meeting; and (ii) the new equity securities may be issued at a price that is at a discount to the market price for equity securities in the same class on the issue date. This may have an effect on the amount of funds raised by the issue of the equity securities. The table below identifies the potential dilution to existing Shareholders following the issue of equity securities under the 7.1A Mandate (based on the formula set out above) using different variables for the number of issued Shares and the market price of Shares. 13 Number of Shares on Issue Dilution Number of Shares issued under 10% Placement Capacity Funds raised based on issue price of $0.0015 (50% decrease in issue price) Funds raised based on issue price of $0.003 (issue price) Funds raised based on issue price of $0.006 (100% increase in issue price) 1,553,788,997 (Current) 155,378,898 $233,068 $466,137 $932,273 2,330,683,495 (50% increase) 233,068,350 $349,603 $699,205 $1,398,410 3,107,577,994 (100% increase) 310,757,799 $466,137 $932,273 $1,864,547 Notes: the above table has been prepared on the following assumptions: 1. the current market price is the closing price at which Shares were traded on 13 October 2026 (being $0.003); 2. the current Shares on issue are the Shares at 13 October 2026 (being 1,553,788,997 Shares); 3. the Company issues the maximum number of equity securities available under the 7.1A Mandate; 4. existing Shareholders’ holdings do not change from the date of this Meeting to the date of the issue under the 7.1A Mandate; 5. the Company issues Shares only and does not issue other types of equity securities (such as Options) under the 7.1A Mandate; 6. the impact of placements under Listing Rule 7.1 or following the conversion of convertible securities (e.g. Options, Performance Rights) is not included in the calculations; and 7. economic dilution (ED) is calculated using the following formula: ED = (MP – (NMC / TS)) / MP where: MP = the market price of shares traded on ASX, expressed in dollars; MC = market capitalisation prior to issue of equity securities, being the MP multiplied by the number of shares on issue; NMC = notional market capitalisation, being the market capitalisation plus the NSV; NSV = new security value, being the number of new equity securities multiplied by the issue price of those equity securities; and TS = total shares on issue following new Equity Security issue (e) Allocation policy under the 7.1A Mandate The Company’s allocation policy is dependent on the prevailing market conditions at the time of any proposed issue pursuant to the 7.1A Mandate. Potential allottees will be determined on a case-by-case basis having regard to the factors including but not limited to the following: 14 (i) the purpose of the issue; (ii) alternative methods for raising funds available to the Company at that time, including, but not limited to, an entitlement issue, share purchase plan, placement or other offer where existing Shareholders may participate; (iii) the effect of the issue of the Equity Securities on the control of the Company; (iv) the circumstances of the Company, including, but not limited to, the financial position and solvency of the Company; (v) prevailing market conditions; and (vi) advice from corporate, financial and broking advisers (if applicable). As at the date of the Notice, the Company has not identified any proposed allottees of Equity Securities using the 7.1A Mandate. However, the eventual allottees may include existing substantial Shareholders, other Shareholders and/or new investors. None of the allottees will be a Related Party or an associate of a Related Party of the Company, except as permitted under Listing Rule 7.2. Existing Shareholders may or may not be entitled to subscribe for Equity Securities under the 7.1A Mandate and it is possible that their shareholding will be diluted. The Company will comply with the disclosure obligations under Listing Rules 7.1A.4 and 3.10.5A upon issue of any Equity Securities under the 7.1A Mandate. (f) Previous approval andissues under Listing Rule 7.1A in previous 12 months The Company previously obtained approval from its Shareholders pursuant to Listing Rule 7.1A at its annual general meeting held on 26 November 2025. The Company has not issued any Equity Securities under Listing Rule 7.1A in the 12 months prior to the Meeting. 4.4 Voting Exclusion Statement A voting exclusion statement is included in the Notice. As at the date of this Explanatory Statement, the Company has not invited any existing Shareholder to participate in an issue of Equity Securities under Listing Rule 7.1A. Therefore, no existing Shareholders will be excluded from voting on Resolution 3. 4.5 Board recommendation The Board recommends that Shareholders vote in favour of Resolution 3 as it will give the Company the flexibility to issue securities without Shareholder approval to raise necessary working capital in the future. 15 5. RESOLUTION 4 – RATIFICATION OF PRIOR ISSUE OF SHARES – GLOBEX MINING ENTERPRISES INC 5.1 General On 3 0 J u n e 2 0 2 6 , the Company issued 68,123,333 Shares a s consideration for the second payment milestone for the acquisition of the Golden Pike Gold and Antimony Project in New Brunswick, Canada. Refer to ASX announcement dated 30 June 2026 titled ‘Golden Pike Option Milestone Achieved’. The material terms of the acquisition agreement are as outlined in the ASX announcements dated 21 May 2025 and 22 July 2025 and are summarised below. The consideration for the acquisition is payable in Canadian Dollars in accordance with the following schedule: Staged Payment Milestones Cash Component Share Component Total Amount On exe