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An update from Ionic Rare Earths Limited ( (AU:IXR) ) is now available.
Ionic Rare Earths Limited has announced a 1 for 15 renounceable rights issue priced at 1.6 cents per share, aiming to raise up to $6 million. The funds will be used to advance their Belfast magnet recycling project, the Brazilian Viridion joint venture, and expand US operations, enhancing their industry positioning and stakeholder value.
More about Ionic Rare Earths Limited
Ionic Rare Earths Limited is a company operating in the rare earth industry, focusing on the extraction and recycling of rare earth elements. The company is involved in projects such as the Belfast magnet recycling project and the Brazilian rare earth rening and recycling Viridion joint venture, with plans to expand activities into the US market.
Average Trading Volume: 25,650,515
Technical Sentiment Signal: Sell
Current Market Cap: A$102.5M
See more insights into IXR stock on TipRanks’ Stock Analysis page.