For those questioning if a capital raise is coming, it may be...

For those questioning if a capital raise is coming, it may be worth considering some comments from the most recent quarterly report:

• "Green Steel Summit 2025 in Dusseldorf Germany, resulting in formalapproaches from several new potential investors" [emphasis added]
• "During March, Hawsons CEO Tom Revy attended the Green Steel Summit 2025 in Dusseldorf Germany. The summit focused on the future development direction of the green steel industry, technological advancements, and practical action plans to help the steel industry to achieve significant carbon emission reduction targets. The summit was well attended by many international steel producers, equipment manufacturers, financiers and technology providers. Following the Green Steel Summit 2025, Hawsons has received approaches from several parties looking to formally engage with Hawsons" [emphasis added]

Therefore, shareholders may not be asked nor have the opportunity to participate in any capital raising. Buying on market may be the only way to acquire shares unless you have significant funds and approach the company directly.