Ookami Limited announced that it has entered into a binding share sale agreement to acquire the entire issued share capital of First Lithium Pty Ltd. (Proposed Acquisition). On completion of the Proposed Acquisition and subject to shareholder approval, the composition of the Board will be changed as follows: Mr. Venkatesh Padala will be appointed as CEO and Managing Director; Mr. Lee Christensen will be appointed as Non-Executive Chairman; Mr. Jason Ferris will be appointed as a Non-Executive Director; and Mr. Andrew Law will remain on the Board as a Non-Executive Director. Accordingly, Mr. Joseph Van Den Elsen and Mr. John Ciganek will resign from the Board on completion of the Proposed Acquisition.

Mr. Emmanuel Correia has advised the Company that he will retire at the upcoming Annual General Meeting, scheduled to be held on 22 November 2022.