Rapid Lithium Raises $2M, Advances US and Canadian Critical Minerals Projects

• Completed $2 million partially underwritten entitlement offer in December 2024
• Renegotiated Ingersoll Project acquisition terms and relinquished Mateen Project interest in the US
• Executed share purchase agreement for Prophet River Project in Canada targeting germanium and gallium
• Recorded AUD 11.5 million impairment on Gabon assets to focus on US and Canadian operations