IONIC RARE EARTHS LIMITED — AGM Information 2021

Nov 23, 2021

24 November 2021

ANNUAL GENERAL MEETING Option Exercise Price

Ionic Rare Earths Limited (“IonicRE”) refers to the Annual General Meeting to be held on Wednesday, 24[th] November 2021 at 10:00am WST.

At the Meeting, shareholders will be asked to approve the grant of options to Directors with an exercise price being “a premium of 50% to the VWAP of the Shares on ASX over 30 trading days on which sales of the Shares are recorded before the date of this Meeting” ( Options ).

IonicRE wishes to advise that should the grant of Options to the Directors be approved, the exercise price of the Options will be 6.4 cents each.

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For enquiries contact: Mr Brett Dickson Company Secretary +61 8 9481 255

Ionic Rare Earths Limited, Level 1, 34 Colin Street, West Perth WA 6005 Australia T+61 8 9481 2555 F+61 8 9485 1290