Brazilian Rare Earths (BRE) AGM 2025 summary

Opening remarks and agenda

• Meeting opened by the Executive Chair, with introductions of directors, company secretary, and auditor representative.

• Quorum confirmed and meeting formally declared open; agenda limited to nine resolutions as per notice of meeting.

• Presentation authorized for release by the Managing Director, focusing on exploration, project updates, and strategic outlook for 2025 and beyond.

Financial performance review

• Financial statements for the year ended 31 December 2024, along with directors' and auditors' reports, were presented with no questions raised by shareholders.

• Net cash position of A$75 million as of March 2025, fully funding exploration and feasibility through 2026.

• Market capitalization at A$508 million and enterprise value at A$433 million as of May 2025.

Board and executive committee updates

• Election of Eric Noyerez as independent non-executive director, effective immediately upon passing the resolution.

• Re-election of Kristie Young as director by rotation.

• Board includes Bernardo da Veiga (MD & CEO), Todd Hannigan (Chairman), Camila Ramos, Kristie Young, and Eric Noyrez.

• Major shareholders: Whitehaven Coal (8%), Hancock Prospecting (6%), Regal Funds (5%), management and founders (32%), and others (49%).