Megan McPherson

Career chronology

• CFO from 5 May 2025; Company Secretary from 2 March 2026; current: American Rare Earths — CFO; Company Secretary from 2 March 2026. Appointment of Chief Financial Officer (appointment effective date); Management team (current role); Quarterly Activities Report for period ended 30 June 2026 (company secretary change); Appointment of Chief Financial Officer (CFO effective 5 May 2025); Letter to Shareholders (current CFO role and reporting line)

• CFO from 2022; Company Secretary through December 2024: Group 6 Metals — Chief Financial Officer and later Company Secretary. Annual Report to shareholders, year ended 30 June 2025 (p. 7, company secretary history); Appointment of Chief Financial Officer (prior role)

• By 2021; exact employment period and responsibility details not reported: Cuesta Coal — Senior executive; company ASX listing. Megan McPherson professional profile (professional summary, listing history)

• Appointed 2020; end date not established: Antilles Gold — Company Secretary. Megan McPherson professional profile (role chronology)

Contributions and company outcomes

Finance and commercial role during project funding/development stage

2025–2026 · issuer reported · medium materiality

The company’s project remains pre-production and its activities/quarterly filings describe ongoing study, pilot plant and capital-market work. This role overlaps the development stage but no individual capital or commercial outcome is established.

Attribution: Role overlaps event; causation unproven. Company-level progress; no personal attribution established.

Relevance: Relevant to finance/commercial accountability at a development-stage explorer.

Quarterly Activities Report for period ended 30 June 2026 (financial and corporate development sections); Management team (current role)

Business failures and setbacks

Development-stage losses and no producing operation

Through 30 June 2026 · issuer reported · medium materiality

ARR remains a pre-revenue rare earth developer with no operating mine; financial reports describe continued exploration, studies, processing test work and capital needs. This is a company-stage limitation, not evidence of personal failure.

Attribution: Role overlaps event; causation unproven. Company performance overlaps current tenure for some executives; no individual causation demonstrated.

Relevance: Material context for delivery track record and capital stewardship.

Annual Report to shareholders, year ended 30 June 2025 (financial statements and going-concern/project sections); Half Yearly Report and Accounts, six months ended 31 December 2025 (financial statements and operations); Quarterly Activities Report for period ended 30 June 2026 (quarterly activities and cashflow)

Group 6 Metals’ operating and financial transition

2023–2025 · issuer reported · high materiality

Group 6 announced commercial production at Dolphin in July 2023. Its later annual report records a A$133.6 million FY2024 loss and describes substantial funding pressures and delayed FY2024 reporting; a 2025 recapitalisation followed.

Attribution: Role overlaps event; causation unproven. McPherson was company secretary from February 2022 to 19 December 2024, with a prior CFO role. The financial results and later recapitalisation are company-level outcomes; personal responsibility is not established.

Relevance: Relevant finance and governance context, distinguishing a delivered operational milestone from subsequent financial pressure.

Dolphin commercial production announcement (commercial production announcement); Group 6 Metals annual report for FY2024 (pp. 1, 7 and financial statements); Group 6 Metals annual report for FY2025 (director report and loss comparison)

Suitability for the current role

Background relevant to current remit

Career through cutoff · analyst inference · medium materiality

Bachelor of Commerce, University of Wollongong; CA ANZ member, as reported by issuer appointment release. A dated ASX announcement sets the CFO start at 5 May 2025, and an issuer release later records Company Secretary from 2 March 2026. Business News identifies earlier company secretary experience at Antilles Gold and participation in Cuesta Coal’s ASX listing; these earlier details are secondary and do not establish her personal contribution.

Attribution: Responsibility not applicable. Issuer biography/appointment material provides this background; independent qualification and career verification are incomplete.

Relevance: Relevant to current role, with depth varying by available published evidence.

Management team (Megan McPherson biography); Appointment of Chief Financial Officer (qualifications and appointment); Megan McPherson professional profile (career overview and prior roles); Appointment of Chief Financial Officer (dated CFO appointment and credentials)

Evidence gaps

• Public profiles omit or incompletely date some prior roles and qualifications.

• Open-source searches are not exhaustive criminal, sanctions, litigation, regulator or credential checks.

• Public record reviewed does not quantify her individual contribution to prior company financing/listing outcomes; group-career details from Business News are secondary.

• The inherited 9 October topic-search history was not independently verifiable; the 31 October name-focused search was broad and did not establish exhaustive topic or jurisdiction coverage.