Summary of Alligator Energy Limited Extraordinary General Meeting Company Overview - **Company**: Alligator Energy Limited - **Industry**: Uranium exploration and development Key Points from the Meeting Capital Raise and Project Development - The company successfully raised capital in June 2025, providing funds to progress the Sandfire project from exploration to early development, and to cover future working capital and business development initiatives [3][5][31] - The meeting was held to consider two resolutions related to the capital raise: refreshing the company's 15% placement capacity and issuing options for shares [3][20] Resolutions and Voting Results - **Resolution 1**: Ratification of the prior share placement of 556,451,620 shares at an issue price of $0.031 per share. The resolution received 95.72% votes in favor [9][29] - **Resolution 2**: Approval to issue up to 278,225,810 options with an exercise price of $0.047, expiring two years from issuance. This resolution received 95.54% votes in favor [20][30] Shareholder Concerns - A shareholder raised concerns about the lack of a retail shareholder offer and questioned the 6% fees paid to joint lead managers for the capital raise. The company explained that institutional interest required a quick placement and that the fee is standard for companies of its size and risk profile [10][12][14][16] Project Updates - The environmental protection and rehabilitation program for the field recovery trial was approved, allowing the company to mobilize construction teams to the site [38] - Mobilization is expected to take up to six weeks, with drilling and logging crews set to begin work shortly [39] - The field recovery trial aims to confirm economic parameters and uranium recovery rates, which are critical for the project's feasibility study [40][41] - The company plans to apply for a mining lease and commence federal government approval processes in the coming months [42] Future Plans - The company intends to conduct a reconnaissance trip to the Big Lake project to assess flood impacts and plans for a drilling program around October-November [44][45] - The management is optimistic about upcoming news flow and results from ongoing projects [45] Additional Important Information - The company emphasized the importance of the field recovery trial as a major milestone in derisking future activities [41] - The company will keep the market updated on the progress of the trial and other developments [43][45]