Coal Energy Updates Development Strategy For 2025-2027

Coal Energy SA CLE:

• BOARD OF DIRECTORS APPROVES UPDATE OF DEVELOPMENT STRATEGY FOR YEARS 2025-2027

• DECIDED TO UPDATE STRATEGY DUE TO FINANCING OBTAINED FOR DEVELOPMENT, ONGOING ACTIVITIES IN FIELD OF DEVELOPMENT PROJECTS AND PROLONGED CONFLICT IN UKRAINE

• DECIDES TO SEEK COAL MINING LICENSE IN POLAND

• COMPANY HAS SECURED FINANCING FOR ENTIRE LICENSING PROCESS

• COMPANY CONDUCTED ANALYSIS OF HARD COAL DEPOSITS IN ROMANIA, INCLUDING RESOURCES LOCATED IN ABANDONED MINES

• SEES POTENTIAL IN EXTRACTION OF ANTHRACITE COAL, CHARACTERIZED BY HIGHEST CLEAN CARBON CONTENT

• RECOGNIZES GROWING POTENTIAL FOR MINING CRITICAL RAW MATERIALS, INCLUDING RARE EARTH ELEMENTS

• INTERESTING DEPOSITS OF CRITICAL METALS HAVE BEEN IDENTIFIED IN MINE DUMPS LOCATED IN POLAND AND ROMANIA