Mantle Minerals Proposes $6.45M Capital Return Ahead of AGM

Mantle Minerals Announces Capital Return Proposal

Mantle Minerals Limited (ASX, MTL) has revealed plans to return capital to its shareholders, proposing a distribution of $0.001 per share. This move, contingent on shareholder approval at the company’s annual general meeting scheduled for 21 October 2025, aims to return approximately $6.45 million to investors based on current shares on issue.

Potential for Increased Distribution

The final amount to be returned could rise to around $7.23 million if all shares currently proposed for issue before the record date are issued. Additionally, any shares issued through the exercise of options prior to the record date will also be eligible for the capital return, potentially increasing the total payout further. This flexibility reflects Mantle’s responsiveness to its evolving capital structure.

Tax Considerations and Regulatory Process

Recognising the importance of clarity on tax matters, Mantle is actively engaging with the Australian Taxation Office to secure a class ruling. This ruling will clarify the tax treatment of the capital return for shareholders holding shares on capital account, an important consideration for investors assessing the net benefit of the distribution.

Key Dates and Next Steps

The company has outlined a tentative timetable for the capital return process, beginning with the dispatch of the Notice of AGM on 22 September 2025. The last day for trading shares entitled to the capital return is set for 23 October, with the record date to determine entitlements on 27 October. Payment of the capital return is expected on 3 November 2025, assuming shareholder approval is secured.

This proposed capital return signals Mantle Minerals’ commitment to delivering value back to shareholders while maintaining transparency on regulatory and tax matters. Investors will be watching closely as the AGM approaches and further details emerge.