Proposed issue of securities - REE

Dear Investors,

On the date of 14/5/2025, RareX Limited has announced a proposed issue of securities, specifically the issuance of 119,318,183 fully paid ordinary shares with the ASX security code REE. This placement involves a cash consideration in Australian Dollars at an issue price of AUD 0.02200 per security. The proposed issue date is set for 22/5/2025.

This issuance will serve to advance the Company's projects and support general working capital needs. Shareholder approval will be sought for a 1 for 2 attaching option. Canaccord Genuity (Australia) Limited and Evolution Capital Pty Ltd will act as Joint Lead Managers for this placement, with a management fee of 2% and a selling fee of 4%, along with 15 million options exercisable at $0.033 expiring 3 years from the issue (subject to shareholder approval).

For interested investors or those seeking further details on this announcement, feel free to inquire and engage with us. We value transparency and open communication with our shareholders.

Thank you for your ongoing support.

Sincerely,

[Company Management Name]