Announcement PDF Market Announcement 23 October 2026 23 October 2026 Market Announcement 1/1 ASX Limited ASX Customer Service Centre 131 279 | asx.com.au Axel REE Limited (ASX: AXL) – Trading Halt Trading in the securities of Axel REE Limited (‘AXL’) will be halted at the request of AXL, pending the release of an announcement by AXL. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of: • the commencement of normal trading on Tuesday, 27 October 2026; or • the release of the announcement to the market. AXL’s request for a trading halt is attached below for the information of the market. Issued by ASX Compliance ASX : AXL ACN: 665 921 273 832 High St Kew East VIC Australia 3102 www.axelreelimited.com.au investors@axelreelimited.com.au 23 October 2026 Teju Vanam Adviser, Listings Compliance ASX Limited Level 50, South Tower Rialto 525 Collins Street Melbourne VIC 3000 By email: tradinghaltsmelbourne@asx.com.au CC: Teju.Vanam@asx.com.au Dear Ms Vanam, Axel REE Limited – Request for Trading Halt Axel REE Limited (ASX: AXL, “Axel” or “the Company”) requests a trading halt in relation to the Company’s ordinary shares (AXL) quoted on the Australian Securities Exchange (ASX) in accordance with ASX Listing Rule 17.1. The trading halt is requested pending the release of a material metallurgical testwork results associated with the production of Mixed Rare Earth Carbonate (MREC) from the Company’s Caladão Project in Minas Gerais, Brazil (Purpose). In accordance with ASX Listing Rule 17.1, the Company provides the following information in relation to the request: 1. The trading halt is necessary to assist the Company in managing its continuous disclosure obligations as theCompanyexpectstomake an announcement tothemarket in relationtothe stated Purpose above. 2. The Company requests that the trading halt remain in place until the earlier of: (a) Such time as the Company makes an announcement to the market in relation to the stated Purpose above; or (b) The commencement of normal trading on Tuesday, 27 October 2026. 3. The Company is not aware of any reason why the trading halt should not be granted or of any further information necessary to inform the market about the trading halt. Please contact me if you require any further information concerning this matter. Authorised by the Board, Patrick Volpe Company Secretary