RAREX LIMITED — Share Issue/Capital Change 2025

Nov 10, 2025

ASX Release 22 October 2025

Cleansing Notice

RareX Limited (ASX: REE – RareX , or the Company ) has issued 1,000,000 ordinary shares as set out in the Appendix 2A lodged with the ASX today.

As required by section 708A(6) of the Corporations Act 2001 (Cth) (Corporations Act), the Company notifies ASX that:

• a) the shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• b) this notice is being given under section 708A(5)(e) of the Corporations Act;

• c) as at the date of this notice, the Company has complied with:

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

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

• d) d) as at the date of this notice, there is no information that is ‘excluded information’ (within the meaning of section 708A(7) and 708A(8) of the Corporations Act).

This announcement has been approved for release by the Board of RareX Limited.

For more information, Investors: James Durrant, Managing Director please contact: Engage and Contribute: Investor Hub

P +61 (0) 8 6383 6593 W ree.investorhub.com/welcome

RareX Limited RareX HQ P +61 (0) 8 6383 6593 RareX Limited ASX:REE, REEO Level 1, 1 Alvan Street E info@rarex.com.au @rarex_asx ABN: 65 105 578 756 Subiaco WA 6008 ree.investorhub.com/welcome Australia rarex.com.au

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About RareX Limited – ASX: REE

RareX is a critical minerals company specialising in rare earths and gallium, niobium as well as scandium in hard rock carbonatites.

The exploration focus of the business is on the Mt Mansbridge xenotime heavy rare earths project near Browns Range, the Khaleesi Project in the East Yilgarn which is a district-scale, elevated gallium & niobium, alkaline intrusive complex, and the Cummins Range near-mine anomalies.

The Company’s engineering and commercial focus is on the mid-study-level, Cummins Range Project (+$330M NPV8 post-tax*) - a carbonatite hosted rare earths and phosphate project, containing magnet grade rare earths and battery grade phosphates, and substantial gallium and scandium. It is technically Australia’s largest undeveloped rare earths project.

RareX have been curating a portfolio of carbonatite related projects including the newly acquired bulls-eye Piper Project along trend from both Nolans Bore and the Luni niobium deposit. RareX will continue to develop and optimise its portfolio.

RareX maintains material investments in Kincora Copper (ASX:KCC), Cosmos Exploration (ASX:C1X) and Canada Rare Earth Corporation (LL.V).

For further information on the Company and its projects visit www.rarex.com.au

• The forecast financial information was released on 22 August 2023. The Company confirms that the material assumptions underpinning the production target and forecast financial information continue to apply and have not materially changed

RareX Limited ASX:REE, REEO ABN: 65 105 578 756

RareX HQ P +61 (0) 8 6383 6593 RareX Limited Level 1, 1 Alvan Street E info@rarex.com.au @rarex_asx Subiaco WA 6008 ree.investorhub.com/welcome Australia rarex.com.au