Trading Halt

Dear Investors,

RareX Limited (ASX: REE) has requested a trading halt in anticipation of an upcoming announcement related to a capital raising activity. The trading halt will be in effect until the commencement of trading on Thursday, 15 May 2025, or until the release of the awaited announcement. RareX assures investors that all necessary information has been provided for this halt and sees no reason why it should not be granted.

The company's focus lies on critical minerals, particularly rare earths and niobium found in hard rock carbonatites. Notable projects include the Khaleesi Project in the East Yilgarn, Mt Mansbridge xenotime heavy rare earths project, and the Cummins Range near-mine anomalies. With a significant emphasis on the Cummins Range Project, valued at over $330M NPV8 post-tax, RareX is strategically positioned in the rare earths market. Furthermore, the company continues to expand its portfolio with projects like the Piper Project while maintaining investments in other entities.

For detailed insights into our projects and developments, please visit our website at www.rarex.com.au. Feel free to reach out with any questions or inquiries via the provided contact information.

Sincerely,

RareX Limited Management