ADX Energy Ltd. has secured firm commitments from institutional investors and family offices to raise AUD 3.5 million through a private placement of 134.6 million new fully paid ordinary shares at an issue price of AUD 0.026 per share. This placement, representing an 18.8% discount to the last traded price, will help fund the company's 2026 work program in Austria and Italy, including the resumption of testing at the Welchau-1 well, further gas exploration drilling in Upper Austria, and the acquisition of seismic data for its offshore license in the Sicily Channel. Each two new shares will also be accompanied by a free, unlisted option exercisable at AUD 0.039 per share, expiring 24 months from the issue date. The settlement of the placement is scheduled for November 18, 2025, with options subject to shareholder approval expected in January 2026. Canaccord Genuity Ltd. acted as lead manager for the placement.