Sprott and HANetf launch first pure-play rare earths ex-China UCITS ETF

September 2026, London

HANetf, Europe’s first and leading white-label UCITS ETF and ETC platform, is delighted to announce the launch of Sprott Rare Earths Ex-China UCITS ETF (ticker: REXC).

Sprott Rare Earths Ex-China UCITS ETF
ISIN: IE0009D15VO0
TER: 0.65%

The ETF aims to provide focused exposure to companies outside China involved in the mining, separation, refining, or production of rare earths. Its pure-play approach targets companies deriving the majority of their revenue or assets from these activities, offering investors access to businesses closely connected to the development of rare earths supply chains.

Rare earths are a group of 17 metallic elements whose magnetic, optical, and chemical properties make them important inputs for advanced technologies. Their applications include powerful permanent magnets used in electric vehicles, wind turbines, and defence systems, alongside components supporting data centres and communications infrastructure. Although relatively abundant in the Earth’s crust, economically viable deposits are less common, and separating the elements is technically complex and energy-intensive.

Rare earths supply chains remain highly concentrated. According to the International Energy Agency, China accounted for 91% of global refined output of magnet rare earths and 94% of sintered permanent magnet production in 2024. This concentration, alongside China’s export controls, has increased the urgency for governments and manufacturers to develop alternative sources of supply for materials essential to industrial competitiveness and national security.

Policy support is extending beyond supply agreements to mechanisms designed to support investment in production outside China. In July 2025, MP Materials secured a ten-year agreement with the US government establishing a price floor of US$110 per kilogram for its neodymium-praseodymium products, key inputs for permanent magnets. Such arrangements may improve revenue visibility and support investment in new capacity, although companies remain exposed to financing, operational and market risks.

REXC seeks to track the Nasdaq Sprott Rare Earths Ex-China™ Capped Index (NSREXCU™), which screens companies for significant rare earths exposure, measured by revenue or assets, across mining, separation, refining, and production.

Chinese securities are not eligible for inclusion. This excludes companies domiciled in China and securities classified as China A-Shares, B-Shares, H-Shares, N-Shares, Red Chips, P Chips or S Chips. The index is rebalanced quarterly and reconstituted semi-annually.

The REXC ETF is Sprott’s 6th product on the HANetf platform, adding to a range that has accumulated a total of $646.90 million in AUM. The full range of HANetf and Sprott products can be found below:

Risks

• Rare earth companies’ performance may be heavily reliant on the price of underlying commodities, which can be volatile.
• Rare earth companies may have small market capitalizations and low liquidity.
• Rare earth companies may be domiciled in non-developed markets and may have foreign currency risk.
• Activities related to mining/exploration may be capital intensive, requiring significant debt to maintain operations.
• Thematic ETFs are exposed to a limited number of sectors and thus the investment will be concentrated and may experience high volatility
• Investors’ capital is fully at risk and may not get back the amount originally invested
• Exchange rates can have a positive or negative effect on returns
• The value of equities and equity-related securities can be affected by daily stock and currency market movements
• ETFs may carry unique risks, such as basis risk and lower-than-anticipated liquidity.
• This is not an exhaustive list. For more risks please see the Prospectus and KIID

“Rare earths are critical for national security, energy security and technological leadership,” said John Ciampaglia, Chief Executive Officer, Sprott Asset Management. “As governments move to build their own rare earths supply chains, we believe companies outside of China are strategically positioned to benefit. We are pleased to partner with HANetf to offer European investors targeted access to this opportunity through an ETF.”

Hector McNeil, Co-Founder and Co-CEO of HANetf, commented:

“We’re delighted to expand our partnership with Sprott through the launch of the Sprott Rare Earths Ex-China UCITS ETF. Rare earths connect several of the major investment themes shaping markets, from defence and energy security to electrification and advanced technology. Across these areas, securing access to essential materials is becoming an increasingly important consideration.
“REXC gives European investors a focused way to access companies involved in developing rare earths supply chains outside China. It complements Sprott’s existing uranium, copper, and silver products on our platform, broadening the opportunities available to investors looking at the materials underpinning these long-term themes.
“It is encouraging to see Sprott continue to build its European range with HANetf, bringing its specialist knowledge of critical materials to more investors through the UCITS ETF structure.”