Sultan Resources Ltd has announced a non‐renounceable entitlement offer designed to raise up to approximately $1.15 million before costs. Under this offer, eligible shareholders—those registered on the company’s roll as of 5 June 2025 with an Australian or New Zealand address—will receive one new share for every share held at an issue price of $0.005 per share. The funds raised are earmarked to support exploration expenditure, project assessments, and general working capital, reflecting the company's commitment to advancing its diverse portfolio across several promising regions. The offer communication details have been formally lodged and include a clearly defined timetable. Following the announcement on 2 June 2025, the ex-date was set for 4 June, with the record date on 5 June. The offer opens on 11 June 2025 and is slated to close on 20 June 2025, though the board has reserved the right to extend this period at their discretion. Up to approximately 231 million new shares may be issued, with any fractional entitlements rounded to the nearest whole share. Subsequent to the close of the offer, the new shares will be quoted on a deferred settlement basis from 23 June, with the final allocation and quotation process completed by the end of June. This strategic capital raising activity underscores Sultan Resources Ltd's focus on enhancing its exploration projects which span significant tenement packages in Western Australia, prospective lithium claims in Canada, and promising areas in Central New South Wales. The company’s board and management remain steadfast in their aim to responsibly discover and develop key metals through modern exploration techniques. Market sentiment could be viewed from two perspectives. A bullish interpretation highlights the company’s proactive approach to fundraising and investment in future exploration projects, which may yield long-term benefits and strengthen its asset portfolio. Conversely, a bearish outlook might note the potential for share dilution and the risks associated with early-stage exploration efforts, suggesting that investors should consider the implications associated with the issuance of a large volume of new shares.