GoviEX holders to vote on Tombador RTO Oct. 24

Executive Summary

• GoviEX Uranium announced progress on its proposed reverse takeover of Tombador Iron Ltd., which will create Atomic Eagle Ltd., an ASX‑listed uranium developer.
• Upon closing, GoviEX shareholders will own 75 % and Tombador shareholders 25 % of the combined entity; a concurrent financing of AU$5–10 million is planned at AU$0.28 per share.
• Binding support agreements covering over 40 % of GoviEX securities are in place, with shareholder votes scheduled for Oct. 8 (Tombador) and Oct. 24, 2025 (GoviEX), and expected closing in early November 2025.

Key Details

• Arrangement agreement originally announced on Aug. 18, 2025; amendment made to improve fairness among all security‑holder classes.
• Post‑transaction ownership: GoviEX shareholders 75 %, Tombador existing shareholders 25 %.
• Concurrent financing by Tombador: minimum AU$5 million up to AU$10 million at a price of AU$0.28 per share (≈US$0.064), representing a 28 % premium to the GoviEX share price.
• Combined cash balance after financing projected between AU$19.4 million and AU$24.4 million.
• Over 40 % of GoviEX outstanding securities have entered binding support agreements for the transaction.
• Tombador has filed its meeting circular with the ASX; shareholder vote set for Oct. 8, 2025.
• GoviEX security‑holder meeting scheduled for Oct. 24, 2025 to approve the transaction.
• Plan to secure dual listing for Atomic Eagle on both the OTC Markets (U.S.) and the ASX.
• Expected closing: early November 2025, subject to shareholder, security‑holder, court and regulatory approvals.

Notable Quotes

“This transaction represents a unique and compelling opportunity for our shareholders… The ASX listing, strengthened balance sheet and newly reconstituted board will together provide the platform to unlock significant value.” – Daniel Major, CEO, GoviEX Uranium Inc.