Ionic Rare Earths Ramps Up Production and Expands Ownership

Ionic Rare Earths Limited (AU:IXR) has released an update.

Ionic Rare Earths Limited reports significant advancements in Q1 2024, including the start of continuous Magnet Rare Earth Oxide production at its Belfast facility and the full booking of its Demonstration Plant production schedule through Q3 2025. The company has also secured a Large Scale Mining Licence for the Makuutu Heavy Rare Earths Project in Uganda, with plans to increase its ownership to 94%. Additionally, they’ve appointed Mr. Brett Lynch as Executive Chairman to guide strategic direction.

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