Tamboran raises ~$97.3M net via underwritten offering and institutional entitlement at $35/share

Tamboran Resources Corp

Underwritten offering of 2,956,602 shares (plus 30-day option for 443,491) at $35.00, net proceeds ~$97.3M.
Concurrent registered direct institutional entitlement offering at $35.00/share; expected to close April 14, 2026.
Proceeds to fund Pilot Area drilling, Orion & Beetaloo Central resource delineation, EP 161 drilling, and working capital.
Underwritten offering closed April 9, 2026; RBC and Wells Fargo acted as joint book-running managers.
Total gross proceeds from underwritten offering expected ~$103.5M; dilution of ~2.96M shares (3.4M if option exercised).

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