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Ionic Rare Earths Limited ( (AU:IXR) ) just unveiled an announcement.
Ionic Rare Earths Limited responded to an ASX price query regarding a recent increase in its share price and trading volume. The company attributes this to several recent announcements, including plans for magnet recycling plants in the USA, expansion into the US market through a joint venture, and a successful capital raise. The company is also benefiting from positive sentiment in the rare earth sector due to geopolitical supply constraints. The upcoming shareholder vote on a new capital raise is expected to provide sufficient funding for ongoing projects, potentially enhancing the company’s market position.
More about Ionic Rare Earths Limited
Ionic Rare Earths Limited operates in the rare earth industry, focusing on the development and recycling of rare earth elements, particularly through its magnet recycling technology. The company is engaged in projects across the UK, US, and Brazil, and is involved in joint ventures targeting the expansion of rare earth refineries and recycling plants.
Average Trading Volume: 16,261,891
Technical Sentiment Signal: Sell
Current Market Cap: A$63.21M
For detailed information about IXR stock, go to TipRanks’ Stock Analysis page.