Vital Metals Limited has announced that a General Meeting will be held on 26 June 2025 at 11:00am AEST in Sydney, where shareholders will vote on three key resolutions that could shape the company’s future capital structure. The meeting notice outlines proposals to ratify a convertible loan agreement and its associated option issuance with Asia Pacific Holdings Limited, as well as a plan to consolidate the company’s issued capital on a 50:1 basis. Under the first resolution, shareholders will be asked to approve the company’s agreement to issue up to 560,000,000 pre‑consolidation shares on conversion of a US$1,000,000 convertible loan provided by Asia Pacific Holdings Limited. The conversion terms set the price at $0.002 per share, with interest accruing at 12% per annum. At the same time, the second resolution seeks approval for the prior issuance of 280,000,000 unlisted options, which can be exercised at $0.004 per share and will expire 18 months from the issuance date. These actions are designed to secure necessary working capital for finalizing a scoping study at its Tardiff deposit and to support the company while it pursues additional non‑dilutive funding. Additionally, the third resolution involves a capital consolidation aimed at reducing the number of issued shares from approximately 5.9 billion to about 117.9 million, alongside the proportional consolidation of options and performance rights. The intent is to create a more appropriate capital structure by addressing concerns such as a low share price perception, elevated share price volatility, and administrative challenges associated with managing a large number of shares. Detailed technical information is provided regarding the conversion and exercise prices of various options post‑consolidation, as well as a timetable outlining key dates from the meeting to the commencement of post‑consolidation trading on 30 June 2025. Bullish sentiment arises from the company’s efforts to strengthen its balance sheet and improve its capital structure, which may lead to a higher and more stable share price and attract a broader range of investors. Investors may view the secured convertible loan as a prudent step in ensuring sufficient working capital during an important stage of exploration. Bearish sentiment, however, may focus on the potential dilution effects if the convertible facilities are ultimately converted into shares and on the near‑term limitations on the company’s capacity to issue additional equity without further shareholder approval. This balance of prospects and challenges is likely to be closely watched by new traders monitoring capital restructuring and financing activities.