IONIC RARE EARTHS LIMITED — Capital/Financing Update 2022

Apr 6, 2022

Market Announcement

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7 April 2022

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Ionic Rare Earths Limited (ASX: IXR) – Trading Halt

Description

The securities of Ionic Rare Earths Limited (‘IXR’) will be placed in trading halt at the request of IXR, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 11 April 2022 or when the announcement is released to the market.

Issued by

Barbara Lim

Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

7 April 2022 ASX Limited

7 April 2022

Ms. J Coupe ASX Limited Level 40, Central Park 152-158 St. George’s Terrace PERTH WA 6000

By Email: tradinghaltsperth@asx.com.au

Dear Ms. Coupe,

Request for Trading Halt

In accordance with Listing Rule 17.1 Ionic Rare Earths Limited (ASX: IXR) requests an immediate trading halt on its securities pending an announcement by the Company regarding a capital raising.

The Company requests the trading halt remain in place until the earlier of commencement of normal trading on Monday, 11[th] April 2022 or when the announcement concerning the capital raising is released to the market.

The Company is not aware of any reason why the trading halt should not be granted.

Please contact me if you have any queries in relation to this request.

Yours faithfully

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Brett Dickson Company Secretary

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