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Ionic Rare Earths Limited ( (AU:IXR) ) has provided an announcement.
Ionic Rare Earths Limited has signed a non-binding Memorandum of Understanding with EMR, a leader in sustainable materials, to develop a circular supply chain for rare earth magnets. This collaboration aims to optimize the recycling of end-of-life magnets and secure materials necessary for the green transition, significantly impacting the company’s operations and positioning in the market. The agreement is a major step forward in the development of IonicRE’s Belfast-based recycling facility, with potential benefits for UK manufacturers and a reduction in carbon emissions.
More about Ionic Rare Earths Limited
Ionic Rare Earths Limited operates in the rare earth industry, focusing on the recycling and supply of rare earth magnets. The company is advancing its market presence with a planned commercial magnet recycling facility in Belfast, aiming to establish a circular supply chain for rare earth oxides in the UK, Europe, and Asia.
Technical Sentiment Signal: Sell
Current Market Cap: A$36.87M
See more data about IXR stock on TipRanks’ Stock Analysis page.