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Ionic Rare Earths Limited ( (AU:IXR) ) just unveiled an update.
Ionic Rare Earths Limited’s joint venture, Viridion, has advanced to the next phase of securing a R$5 billion funding package from Brazilian agencies BNDES and FINEP. This funding will support the development of rare earth refining and magnet recycling facilities in Brazil, positioning the company as a leader in the Brazilian market amid global shifts in rare earth supply chains.
More about Ionic Rare Earths Limited
Ionic Rare Earths Limited is a company operating in the rare earths industry, focusing on refining and recycling rare earth elements. The company is engaged in developing a supply chain for rare earths, particularly in Brazil, through its joint venture, Viridion Pty Ltd. It aims to establish a sustainable and sovereign rare earth supply chain, leveraging its patented magnet recycling technology.
Average Trading Volume: 33,774,464
Technical Sentiment Signal: Hold
Current Market Cap: A$114M
For a thorough assessment of IXR stock, go to TipRanks’ Stock Analysis page.