ADD NEW ENERGY (02623) announced that on February 18, 2026, the company entered into a subscription agreement. The company intends to subscribe for a total of approximately 36.5741 million placement shares in Horizon Minerals Limited at a price of A$1.08 per share. The total consideration of approximately A$39.5 million will be settled in cash. The company has applied to the Stock Exchange for the resumption of trading of its shares, effective from 9:00 a.m. on February 24, 2026. Upon completion of the transaction, the company will hold approximately 9.95% of the enlarged issued share capital of the target company, following the issuance of shares under the placement. The target company is a mid-tier gold producer with projects located in the gold mining region of Western Australia.