Highlights

· The transaction terms for Motzfeldt announced on 14 July 2025 have been modified by agreement to provide for a more even split between the phasing of Alba’s acquisition of a 51% interest in the Project, consequently reducing both Alba’s initial sole funding commitment and its initial obligation to reimburse the Project owner for its 2025 field programme costs. Total consideration and ultimate interest in the Project remain unchanged.

· Alba has completed the acquisition of an initial 25.5% interest in the Motzfeldt Critical Metals Project in southern Greenland, enriched in Niobium (Nb), Tantalum (Ta), Zirconium (Zr), and Rare Earth Elements (“REEs”).

· Review of 2025 drone photogrammetric survey at Motzfeldt reveals potential for greater zones of high-grade mineralisation at Merino Prospect at depth.

· Pre-blasting works at Clogau Gold Mine progressing.

· Drilling at Finnsbo copper-gold-rare earths project scheduled to start w/c 4 November 2025.

· The Company has also raised £500k (before costs) in a share placing.