London/Teesside 04 June 2026: Binding Solutions Limited (“BSL” or “the Company”) is pleased to provide an update on its First-of-a-Kind (“FOAK”) Cold Agglomerated Pellet (“CAP”) plant.

Following strong demand from iron ore producers and steel makers, BSL confirms that it has secured Memorandums of Understanding (“MoUs”) covering 2 million tonnes of iron ore supply and 2 million tonnes of pellet offtake, exceeding the capacity of its proposed 360,000 tonnes per annum FOAK commercial plant. These agreements illustrate the compelling opportunity BSL’s flexible, low capex and modular technology represents for some of the world’s leading players in the iron ore and steel markets.

The Company is continuing to advance its FOAK plant design ahead of a final investment decision in 2027.

The FOAK plant will combine BSL’s proprietary processing and binder technology with proven, industry-standard equipment to produce low-emission CAPs at temperatures below 150°C, delivering energy and emissions savings of over 80%.

BSL’s commercially competitive CAPs can be designed for a variety of iron ore types and are made for seamless integration into both blast furnace and direct reduction steel making, supporting the transition to more sustainable steel production while ensuring supply chain security.

Jon Stewart, CEO of Binding Solutions, said:

“We are delighted with the high level of interest we have received from major iron ore and steel producers looking to participate in our FOAK project. Securing MoUs covering ore supplies and CAP offtakes which exceed our planned capacity is a strong indicator of the compelling technology offer we have developed.

“This is an important step forward as we move towards commercial scale production of our CAPs, which have the potential to play an important role in the journey to a greener steel industry.”

CONTACT

Binding Solutions

Aura Financial

Andy Mills / Khushi Hunt

+44 207 321 0000

bindingsolutions@aura-financial.com

NOTES TO EDITORS

About Binding Solutions Ltd

Binding Solutions is a fast-growing technology company that has developed a patented process for significantly reducing carbon emissions from steel production. Our Cold Agglomerated Pellets (CAPs) enable reductions of over to 80% in energy usage and 80% in CO2 emissions by replacing sinter and induration processes that account for approximately 15% of the sector’s emissions. Using our CAP technology can also cut capital requirements by 70% vs indurated pellets and reduce process complexity, delivering commercial benefits to iron ore miners, pellet producers and steel makers.

BSL’s technology can also be deployed to monetise waste fines from metals production by converting them into CAPs that can be added back to the furnace. Following successful blast furnace trials with British Steel in June 2025, BSL announced a MoU with the Salzgitter Group to undertake trials of BSL’s CAPs for blast furnace and direct reduction applications.

BSL’s advanced Technology Centre provides full life cycle testing for clients from lab scale to furnace trial. We are able to work with a wide variety of ores and to simulate conditions in all types of production furnaces.

In May 2025, BSL announced the signature of a Memorandum of Understanding to assess the potential for a state-of-the-art iron ore CAP plant at HES International’s HBTR terminal in Rotterdam, the largest dry bulk terminal in Europe.