IONIC RARE EARTHS LIMITED — Capital/Financing Update 2024

Mar 21, 2024

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ASX Announcement

22 March 2024

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Cleansing notice under Section 708A(5)(e) of the Corporations Act 2001 (Cth)

Ionic Rare Earths Limited (“IonicRE” or the “Company”) (ASX:IXR) issued 112,380,952 fully paid Ordinary Shares (Shares) on 21 March 2024.

Accordingly, the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (C’th) (the "Corporations Act") that:

1. the Shares were issued by the Company without disclosure to investors under Part 6D.2 of the Corporations Act;

2. as at the date of this notice the Company has complied with:

   • a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • b. sections 674 and 674A of the Corporations Act; and

3. as at the date of this notice there is no information:

   • a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

   • b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

     • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

     • ii. the rights and liabilities attaching to the Shares.

An Appendix 2A with respect to the share issue has been lodged with ASX on 21 March 2024.

Authorised for release by the Board.

For enquiries, contact :

For Company Tim Harrison Ionic Rare Earths Limited investors@ionicre.com +61 (3) 9776 3434

For Investor Relations Peter Taylor NWR Communications peter@nwrcommunications.com.au +61 (0) 412 036 231

Ionic Rare Earths Limited Level 5 South 459 Collins Street Melbourne Vic 3000 Australia

Phone: +61 3 9776 3434 Email: investors@ionicre.com Web: www.ionicre.com ACN: 083 646 477

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