Non-renounceable Rights Issue

Highlights:

• Rights Issue: AR3 today launches a capital raise to accelerate development of its uranium and rare earth projects via a 1 for 3 non-renounceable rights issue at an issue price of $0.068 per share to existing shareholders to raise up to $3.6 million.

• Free Option: Eligible shareholders entitled to 1 free attaching unlisted option for every 2 Shares subscribed for, with an exercise price of $0.10 expiring 30 March 2029 (unless accelerated).

• Offer Price: Represents a discount of 17.1% to the last closing price of $0.082 and 20.0% to the 30-day VWAP.

• Uranium exploration: AR3 will apply the funds to continue an active program of exploration drilling through 2025 at its Overland Uranium Project, where early exploration results have demonstrated strong potential for uranium discoveries1.

• Progressing Koppamurra rare earths project development: AR3 will also apply the funds to progress Australia’s most advanced ionic-clay hosted rare earths project, Koppamurra, towards Pre-Feasibility Studies and beyond, with the support of a funding co-contribution via the Australian Government grant announced in December 2024.