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Ionic Rare Earths Limited ( (AU:IXR) ) has issued an announcement.
Ionic Rare Earths Limited announced the commencement of trading for its Renounceable Rights Issue under the ASX code IXRR. This offer allows eligible shareholders to sell their rights or trade them on the ASX if they choose not to take up their entitlement. The offer, open to shareholders in Australia and New Zealand, provides one new share for every 15 shares held and one new option for each new share applied for. This initiative is part of Ionic’s strategy to enhance its market positioning and support its sustainable operations, potentially impacting stakeholders by offering new investment opportunities.
More about Ionic Rare Earths Limited
Ionic Rare Earths Limited is an emerging company in the mining, refining, and recycling industry, focusing on sustainable and traceable magnet and heavy rare earths essential for net-zero carbon technologies. Its subsidiary, Ionic Technologies International Limited, specializes in the separation and recovery of rare earth elements from mining ore concentrates and recycled permanent magnets. The company is advancing the Makuutu Rare Earths Project in Uganda and has a joint venture in Brazil for refining and recycling with Viridis Mining and Minerals Limited.
Average Trading Volume: 24,102,040
Technical Sentiment Signal: Sell
Current Market Cap: A$96.81M
Find detailed analytics on IXR stock on TipRanks’ Stock Analysis page.