Electrostate Pty Ltd. entered into an agreement to acquire remaining 10% stake Malinda Lithium Project from Arrow Minerals Limited (ASX:AMD) for AUD 0.7 million on August 8, 2022. Upon completion, the existing Shareholder Agreement between Arrow and Electrostate in relation to Arrow (Malinda) Pty Ltd shall cease to have effect. The completion is to occur 2 days after execution of the Share Sale Agreement.

Electrostate Pty Ltd. completed the acquisition of remaining 10% stake Malinda Lithium Project from Arrow Minerals Limited (ASX:AMD) on September 28, 2022.