NewPeak Metals Limited - Acquisition of Tansey - completion expedited, capital raise waived

About this update from Newpeak Metals Ltd.

NewPeak Metals Limited (ASX:NPM) (NewPeak or the Company) is pleased to confirm that, in relation to the Share Purchase Deed to acquire Goldstrike Mining Pty Ltd that was announced by NewPeak on 7 July 2025 , and the updated announcement issued on 11 July 2025 , NewPeak has waived the Condition Precedent to, and therefore does not intend to, undertake a $250,000 capital raise in conjunction with this acquisition. This waiver follows the recent sale of 1,649,383 Lakes Blue Energy NL (ASX:LKO) (Lakes) shares held by NewPeak, as outlined in NewPeak's ASX announcement dated 9 July 2025 , for consideration of $1.14m . NewPeak's remains the largest shareholder of Lakes holding 7,935,233 (11.89% of Lakes shares). The Company is seeking to expedite both the completion of this acquisition and the commencement of exploration activities. Contact: Mr Mark Purcell Managing Director Email: [email protected] (C) 2025 Electronic News Publishing, source ENP Newswire

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