GMR Announces Kudu Chemicals Board Appointment

GMR is pleased to announce the appointment of Mr. Fabian Shaanika to the Board of Directors of Kudu Chemicals (Pty) Ltd (“Kudu Chemicals”), a wholly owned subsidiary of GMR registered in Namibia.

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London, United Kingdom, 8 April 2026 – Green Metals Refining Ltd (“GMR” or the “Company”), a midstream refining company dedicated to the production of low-cost battery-grade manganese chemicals for the Green Energy Transition, is pleased to announce the appointment of Mr. Fabian Shaanika to the Board of Directors of Kudu Chemicals (Pty) Ltd (“Kudu Chemicals”), a wholly owned subsidiary of GMR registered in Namibia.

Mr. Shaanika is a seasoned executive with over 25 years of experience across the mining and banking sectors. He brings extensive expertise in executive leadership, project development and financing. A Namibian national, he has a strong network of stakeholders across Namibia’s natural resources and renewable energy sectors. His deep local insight will provide valuable strategic guidance as Kudu Chemicals advances development of its sulphuric acid plant in Walvis Bay, Namibia.

Mr. Shaanika previously served as Managing Director of Kelp Blue, where he led the successful scale-up of Namibian operations to commercial production. Prior to this, he held roles in banking with RMB and Standard Bank in Namibia. Earlier in his career, Mr. Shaanika worked for the De Beers operations in Namibia, Debmarine and Namdeb, in operations and capital projects. He also served as Chief Geologist at Skorpion Zinc Mine.

“We are very pleased to welcome Mr. Shaanika to the Board of Kudu Chemicals,” stated Derk Hartman, Founder & CEO of GMR. “His appointment strengthens Kudu Chemicals’ engagement with key Namibian stakeholders and enhances the strategic capabilities of the wider GMR Group as we advance our projects in the country.”

“I am excited to join the Board of Kudu Chemicals at such a pivotal stage of its development,” said Mr. Shaanika. “I look forward to contributing to the Company’s growth and supporting its role in advancing Namibia’s industrial and energy transition ambitions.”

Mr. Shaanika holds a bachelor’s degree in Geophysical Sciences from the University of Leeds (UK) and an MBA from Stellenbosch Business School (South Africa).

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About Green Metals Refining Ltd
Green Metals Refining Ltd (GMR) is a midstream refining company dedicated to the production of low-cost battery-grade manganese chemicals for the Green Energy Transition. The Company is developing a manganese refinery in Walvis Bay, Namibia, leveraging a proven business model that utilises existing supply chains and optimised logistics.

GMR is a privately held company registered in the United Kingdom and operates two wholly owned Namibian subsidiaries: Green Metals Refining Namibia (Pty) Ltd and Kudu Chemicals (Pty) Ltd.GMR is a privately held company registered in the United Kingdom and operates two wholly owned Namibian subsidiaries: Green Metals Refining Namibia (Pty) Ltd and Kudu Chemicals (Pty) Ltd.

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About Kudu Chemicals (Pty) Ltd
Kudu Chemicals (Pty) Ltd is developing a state-of-the-art sulphuric acid plant in Walvis Bay, Namibia. The facility is strategically positioned to supply GMR’s manganese refinery while also supporting the rapidly growing domestic demand for sulphuric acid.

The project will be developed in phases, enabling scalable growth aligned with market demand. Commissioning of the initial phase is targeted for 2028, with planned production capacity of 175,000 tonnes per annum. Local production of sulphuric acid is expected to play a critical role in supporting Namibia’s industrialisation.

For additional information, please visit GMR’s website at www.greenmetalsrefining.com.

Contact
Derk Hartman
Founder & CEO
dhartman@greenmetalsrefining.com

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Disclaimer
GMR believes that the expectations reflected in forward-looking statements are based on reasonable assumptions; however, such statements involve known and unknown risks and uncertainties. Actual results may differ materially from those expressed or implied. Forward-looking information is provided to assist investors in understanding the Company’s business, operations, and development plans and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such information.