Core Viewpoint - Ucore Rare Metals Inc. has signed a non-binding Heads of Agreement with Wyloo Gascoyne Pty Ltd and Hastings Technology Metals Ltd to establish a North American rare earth supply chain, linking Australian feedstock from the Yangibana Project with Ucore's processing facility in Louisiana [1][3][5]. Agreement Details - The Heads of Agreement (HoA) was signed during the G7 Energy and Environment Ministers Meeting, emphasizing the collaboration between allied nations to secure a rare earth supply chain [3]. - The agreement aims to establish a long-term supply pathway for Yangibana rare earth concentrate, with a focus on evaluating hydrometallurgical processing options in the U.S., particularly in Louisiana [4][11]. - The HoA contemplates sourcing up to 37,000 tonnes per annum of Yangibana rare earth concentrate from the Stage 1 mine [11]. Strategic Benefits - The partnership is expected to de-risk the Yangibana Project and secure a pathway to a long-term offtake partner in North America, enhancing financing and commercial opportunities [5][11]. - The project aligns with the U.S.-Australia Framework for Securing Supply in Critical Minerals, reinforcing cooperation on critical minerals and expanding non-China sources of rare earth elements [11]. - Ucore's Louisiana facility is set to be one of the first in the U.S. capable of producing separated rare earth oxides at a commercial scale, supporting commissioning in the second half of 2026 [11]. Company Background - Ucore is advancing rare earth separation and refining through its Louisiana Strategic Metals Complex and has received a total of US$22.4 million in funding from the U.S. Department of Defense [8]. - Hastings Technology Metals is focused on developing the Yangibana Joint Venture, which targets significant production of rare earth concentrate and mixed rare earth carbonate [9][12].

Core Insights - Verde AgriTech Ltd. has confirmed strong ionic-adsorption behavior at its Minas Americas Global Alliance Project in Brazil, with leach tests showing high grades of magnet rare earth elements and low impurities [1][5][10] Summary by Sections Project Overview - The Minas Americas Project has demonstrated exceptional leachate results, with primary leach solutions (PLS) showing high concentrations of magnet rare earth oxides (MREO) and low levels of contaminants such as thorium and uranium [1][4][5] Leachate Results - Top leachate intervals reported DREO (total desorbable rare earth oxide) concentrations of up to 667 mg/kg and MREO concentrations of up to 278 mg/kg, indicating a strong proportion of valuable magnet rare earth elements [5][15] - The best intervals showed head grades of MREO ranging from 1,306 to 2,182 ppm, with TREO (total rare earth oxide) between 6,081 and 8,930 ppm [5][15] Comparison with Other Projects - When compared to Aclara's Carina Project, Minas Americas exhibited significantly higher head grades and leachate concentrations, with Aclara's averages being much lower [11][13][15] Technical Aspects - The ionic-adsorption clays at Minas Americas are geologically rarer and have strategic appeal due to their shallow, soft nature, which simplifies mining and processing [7][8] - The project benefits from ultra-low contaminants in the PLS, which supports selective ion-exchange and reduces the complexity of downstream processing [5][8][19] Future Developments - The company plans to conduct further metallurgical testing to optimize extraction processes, aiming for higher recoveries of rare earth elements while maintaining a clean impurity profile [22][20]

Lindian Resources Limited| ASX: LIN | www.lindianresources.com.au | ACN 090 772 222 Kangankunde Rare Earths Project Iluka Eneabba Rare Earths Refinery For personal use only Not for release to US wire services or distribution in the United States Kangankunde Rare Earths Project Corporate Presentation Institutional Placement and Final Investment Decision 20 August 2025 Lindian Resources Limited| ASX: LIN | www.lindianresources.com.au | ACN 090 772 222 11 IMPORTANT INFORMATION Disclaimer The material in this p ...

Project Overview - Colossus project boasts a world-class global resource of 493 million tonnes @ 2,508 ppm TREO and 601 ppm MREO [16] - The Measured & Indicated resource stands at 329 million tonnes @ 659 ppm MREO, recognized as the highest grade MREO IAC resource globally [16] - The project covers only 11% of the total landholding (28km2 of 261 km2), indicating significant exploration upside [16, 20] Metallurgical Performance - The project achieves industry-leading "Resource to MREC" recovery rates of 76% MREO in the Northern Concessions and 78% MREO in the Southern Complex [16] - The metallurgical process uses 0.3M Ammonia Sulphate at pH 4.5 and room temperature [16] Economic Viability - The Pre-tax NPV8 is US $1.41 billion (AUD 2.13 billion) with an IRR of 43%, based on a US $90/kg NdPr price [16] - The project is positioned as a lowest-cost REE producer globally, with C1 OPEX of US $6.2/kg TREO and CAPEX of US $286 million (excluding contingency) for a 5Mtpa facility [16] - The LOM average TREO Recovery is 57%, and the LOM average MREO Recovery is 76% [38] Strategic Partnerships and Funding - The company has secured funding support of up to approximately AU$58.5 million [16] - A JV has been established with Ionic Rare Earths (ASX:IXR) for REO separation and refining technology [16]

Project Overview - Caldeira project has a large ionic clay resource globally at 1.5 billion tonnes @ 2,359 ppm TREO, including 526 ppm MREO[17] - The project's initial mine life is estimated to be 20 years based on the Pre-Feasibility Study (PFS)[23] - Drilling has been limited to approximately 15% of the total license area, indicating significant exploration upside[23] Financial Highlights - The project boasts a compelling post-tax NPV8 of US$1.3 billion, indicating strong potential for extending mine life and processing capacity[17,41] - The development capex is estimated at US$443 million, inclusive of contingency[41] - The average annual Total Rare Earth Oxide (TREO) production is projected to be 13,584 tonnes, representing approximately 8% of the global REO market[38] - Average annual Neodymium-Praseodymium (NdPr) Oxide production is estimated at 4,228 tonnes, representing about 7% of the global NdPr market[38] Operational Summary - The project plans for a 6Mtpa plant throughput, optimized for greater return on capital[38] - The Maiden Probable Ore Reserve is 103 million tonnes @ 4,091 ppm TREO, based on a minimum 100m x 100m drilling[38] - The Life of Mine (LOM) strip ratio is low at 0.38 (waste:ore)[50]