Saloro renews its board and appoints Craig Richard Bradshaw as chairman

Saloro, S.L. has renewed its governing body: the company, with its registered office in Barruecopardo (Salamanca), has removed Vogt 4M and Simprenta, S.L. as directors and has appointed Craig Richard Bradshaw as president, who also assumes a board seat, along with Jonathan Paul Kort as a director. The agreement was registered in the Mercantile Registry of Salamanca on September 29, 2026, and is published in the Official Gazette of the Mercantile Registry (BORME) no. 201, dated October 19, 2026, First Section, Entrepreneurs, Registered Acts (reference BORME-A-2026-201-37, registry 463948, page 48799).

The BORME is the official journal in which acts registered in the provincial mercantile registries are published, such that the entry constitutes public and opposable evidence of the change in the company’s corporate governance. The registration was carried out under registry sheet SA 9827, with entry number I/A 62, and arrives nearly a month after the registration date, as the October 19 bulletin collects acts formalized at the end of September.

A board with two additions and a new presidency

The entry clearly distinguishes between departures and arrivals, all of which refer to director positions:

• Cessations and resignations: director Vogt 4M; director Simprenta, S.L.; president Vogt 4M.
• Appointments: director Craig Richard Bradshaw; president Craig Richard Bradshaw; director Jonathan Paul Kort.

The operation concentrates the presidency and a board seat in Craig Richard Bradshaw, while Jonathan Paul Kort joins as a director without the entry attributing specific executive functions to him. The published text does not include the appointment of a CEO or other proxies, so the presidency remains the only high-ranking position expressly designated in this registration.

Background: six years of rotation in the body

The registration history of Saloro, S.L. shows a recurring renewal of the board in recent years, always with the same company as the protagonist and with the Tungsten Mining JV group among the shareholders:

• June 2020: Jorn Hubertus Vogt and Stephen John Nicol cease their positions; Vogt 4M (director and chairman) and Simprenta, S.L. (director and CEO) enter, in entry I/A 50.
• March 2022: Simprenta, S.L. leaves the position of CEO and Nils Agne Alenius is appointed as director and CEO, in entry I/A 53.
• December 2023: Nils Agne Alenius and Frederic Marie C. Delforge cease their positions; Álvaro Serrano Rodríguez is appointed as director and CEO, in entry I/A 54.
• January 2024: the sole shareholder changes identity to European Tungsten Pty Ltd, in entry I/A 55.
• August 2026: Deloitte Auditores, S.L. is appointed as auditor, in entry I/A 61.

Registry file and scope of the change

The data accompanying the announcement allows for the precise determination of the framework of the corporate movement:

• Company: Saloro, S.L., registered office at Plaza de la Constitución in Barruecopardo (Salamanca).
• Registry: Mercantile Registry of Salamanca, sheet SA 9827, section 8.
• Entry: I/A 62, registered on September 29, 2026.
• Publication: BORME no. 201, of October 19, 2026, page 48799.

The entry is limited to the cessations and appointments listed: it includes no reference to a modification of the sole shareholder, which remains European Tungsten Pty Ltd since January 2024, nor to changes in registered office, corporate purpose, or capital. Nor does it mention the cessation of the CEO appointed in December 2023, so the published information does not allow it to be affirmed that this position has become vacant.

The change is relevant for shareholders, creditors, and operators in the tungsten sector, because it affects the composition of the body that administers and represents the company holding the Barruecopardo mining project. The simultaneous replacement of two directors and the chairman, with the entry of two new names, indicates a reconfiguration of the company’s internal control, and the registration in the Mercantile Registry of Salamanca grants the agreement effectiveness against third parties as of September 29, 2026.

Source: Official Gazette of the Mercantile Registry, no. 201, October 19, 2026, First Section, Entrepreneurs, Registered Acts, page 48799 (official reference: BORME-A-2026-201-37).