Share Purchase Plan - Letter to Eligible Shareholders and SPP Offer Booklet

Ionic Rare Earths Limited (ASX:IXR) (Company) confirms that the share purchase plan offer (SPP Offer) opens today. Attached is:

• a copy of the letter (SPP Offer Letter) sent to each holder of fully paid ordinary shares who, as at the record date of 5:00pm (AWST) on Friday 17 November 2023, had a registered address in Australia or New Zealand (and who otherwise meet certain other conditions as set out in the SPP Offer Booklet) (Eligible Shareholder); and
• a copy of the SPP Offer available for download at: at http://www.computersharecas.com.au/IXRSPP

Eligible Shareholders who have provided an email address will be sent an email communication. Eligible Shareholders who have not provided an email address will be sent an SPP Offer Letter via post.

The SPP Offer is expected to close at 2:00 pm (AWST) on 12 December 2023 (unless extended, withdrawn or closed early by the Company).

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