Acquisition of SMEC Power & Technology

• SMEC designs, manufactures and installs underground electrical starter panels, switchboards and substations to provide electrical power solutions to the mining industry • Consideration structured as 70% upfront ($21M) and 30% FY26 earn-out (up to $9.0M), with both components funded 70% in cash and 30% in MYG scrip (subject to 24-month escrow from date of issue) • Opens new growth verticals for M