Ionic Rare Earths Secures $3 Million for Global Project Expansion

Ionic Rare Earths Limited ( (AU:IXR) ) has issued an announcement.

Ionic Rare Earths Limited has successfully raised $3.0 million through the issuance of convertible notes, pending shareholder approval. The funds will support working capital and project developments in the UK, USA, Brazil, and Makuutu. This capital raising is part of IonicRE’s strategy to strengthen its position in the rare earths industry, focusing on sustainable and traceable products crucial for electric vehicles, wind turbines, and defense applications.

More about Ionic Rare Earths Limited

Ionic Rare Earths Limited is an emerging miner, refiner, and recycler of sustainable and traceable magnet and heavy rare earths essential for net-zero carbon technologies. The company, through its UK subsidiary Ionic Technologies, focuses on the separation and recovery of rare earth elements from mining ore concentrates and recycled permanent magnets. It is advancing projects like the Makuutu Rare Earths Project in Uganda and a joint venture in Brazil to enhance its supply of high-value magnet and heavy rare earth oxides.

Technical Sentiment Signal: Sell

Current Market Cap: A$36.87M

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