Ionic Rare Earths Advances Magnet Recycling and Heavy Rare Earth Projects Amid Global Demand

An update from Ionic Rare Earths Limited ( (AU:IXR) ) is now available.

Ionic Rare Earths Limited has made significant advancements in its magnet recycling and heavy rare earths projects, crucial for the global energy transition and advanced manufacturing. The company’s recent activities include a peer-reviewed Life Cycle Analysis indicating a 61% reduction in CO2 emissions from its magnet recycling process, the launch of the MagNetZero supply chain initiative, and a memorandum of understanding with South Korea’s DNA Link. Additionally, the company is in discussions with the UK government and other stakeholders to support the commercial plant capital requirements for its Belfast facility, while also exploring opportunities for global expansion in key markets such as the USA. The Makuutu Heavy Rare Earths Project in Uganda is gaining attention due to China’s export restrictions, highlighting the need for new supply sources. IonicRE is also pursuing a joint venture in Brazil for refining and recycling, and has reported a reduced net loss in its half-year financial report.

More about Ionic Rare Earths Limited

Ionic Rare Earths Limited is a company operating in the rare earths industry, focusing on magnet recycling and heavy rare earth projects. The company is involved in the global energy transition, advanced manufacturing, and defense sectors, with a market focus on reducing carbon emissions and meeting the demand for rare earths outside of China.

Technical Sentiment Signal: Buy

Current Market Cap: A$41.91M

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