Ionic Rare Earths Limited announced appointment of Mr. Nitin Tyagi as a non-executive director of the Company with effect from 1 July 2023. Mr. Tyagi is currently VP of supply chain at Next Energy (ONE), a battery company based in Novi, Michigan. Prior to ONE, Mr. Tyagi was the Director of Battery Supply Chain at Rivian Automotive managing all nodes of the battery supply chain from mines to battery packs to recycling.

He scaled-up and ramped four electric vehicle programs (R1T, R1S, EDV NCA, EDV LFP) from pre- production to launch. Mr. Tyagi drove the iron-phosphate chemistry adoption on Amazon Electric Delivery Vans resulting in significant cost savings. Previously, Mr. Tyagi was part of Apple's operations and supply chain team and helped launch over 20 Apple products, including every iPhone from iPhone 6 to iPhone 12.

Before Apple, Mr. Tyagi was in various engineering roles at Cree and Sun Catalytix (acquired by Lockheed Martin in 2014). Mr. Tyagi is the co-inventor of 12 US patents and holds a MS in material science from University of Rochester and a Bachelor of Technology in Metallurgical Engineering from the Indian Institute of Technology Roorkee. Mr. Tyagi is also currently pursuing his executive MBA from The Wharton School at the University of Pennsylvania and serves as an advisor to Ather Energy in India.

The Company also announces that Mr. Trevor Benson has advised the Board that due to personal reasons he has tendered his resignation from the Board to be effective as of 30 June 2023.