Canada Rare Earth has hired Donald Anderson as Chief Investment Officer (CIO), effective January 1, 2024. Mr. Anderson as CIO, where he will play a pivotal role in driving the Company's growth and making strategic investment decisions within the rare earth and essential minerals industries. His appointment reinforces confidence in the Company's prospects and underscores its commitment to achieving strategic objectives. Mr. Anderson's nearly three decades of successful experience in financial markets, investment management, and entrepreneurship will be a valuable asset to the organization as it transitions to owning, managing, and operating its proprietary sources of rare earths and other essential minerals. Currently a Partner at Moneta Capital Advisory, Mr. Anderson has also spent more than a decade in successful entrepreneurial ventures, including mining, mineral procurement, aircraft leasing, and intelligence/security, much of it in Africa. His tenure at Phillips, Hager & North, a prestigious Canadian investment management firm, highlights his proficiency in managing investment portfolios and making informed financial decisions. Mr. Anderson studied Economics at the University of Western Ontario, has completed coursework in Investment Decisions and Behavioral Finance at Harvard Kennedy School, and earned the Chartered Financial Analyst designation in 1999. His appointment underscores the Company's commitment to prudent and informed investment decisions to enhance
portfolio performance and shareholder value.