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Ionic Rare Earths Limited
(Sydney:IXR)
Ionic Rare Earths Limited (IXR) vs. iShares MSCI Australia ETF (EWA)
Ionic Rare Earths Limited Business Overview & Revenue Model
Ionic Rare Earths Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 703.19K | 2.18M | 2.21M | 2.76M | 220.43K | 213.95K |
| Gross Profit | 49.65K | 2.18M | 2.21M | -575.81K | 159.78K | 213.95K |
| EBITDA | -10.51M | -10.14M | -19.10M | -7.96M | -4.58M | -2.38M |
| Net Income | -11.34M | -11.34M | -21.20M | -8.54M | -4.64M | -2.38M |
Balance Sheet | ||||||
| Total Assets | 32.56M | 32.56M | 37.57M | 44.52M | 48.97M | 18.08M |
| Cash, Cash Equivalents and Short-Term Investments | 595.23K | 595.23K | 4.94M | 11.12M | 26.76M | 11.06M |
| Total Debt | 1.12M | 1.12M | 489.35K | 143.72K | 34.96K | 136.40K |
| Total Liabilities | 2.97M | 2.97M | 1.06M | 961.26K | 816.96K | 531.10K |
| Stockholders Equity | 29.59M | 29.59M | 36.51M | 43.56M | 48.15M | 17.55M |
Cash Flow | ||||||
| Free Cash Flow | -5.93M | -5.93M | -24.58M | -14.24M | -12.73M | -4.50M |
| Operating Cash Flow | -5.89M | -5.89M | -23.22M | -11.66M | -3.58M | -1.33M |
| Investing Cash Flow | 1.35M | 1.35M | 270.55K | -5.51M | -10.60M | -4.12M |
| Financing Cash Flow | 3.53M | 3.53M | 13.86M | 1.35M | 29.89M | 15.68M |
Ionic Rare Earths Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$163.50M | ― | -27.81% | ― | ― | -35.98% | |
46 Neutral | AU$151.44M | -4.98 | -43.66% | ― | 46.74% | -47.98% | |
45 Neutral | AU$107.73M | -7.27 | -34.31% | ― | ― | 54.17% | |
36 Underperform | AU$123.84M | -108.96 | -2.97% | ― | ― | 42.74% |
Ionic Rare Earths Limited Corporate Events
Ionic Rare Earths Limited has signed a Memorandum of Understanding with US Strategic Metals to develop a vertically integrated rare earths production facility in Missouri, USA. This collaboration aims to enhance the U.S.-Australia critical minerals partnership by utilizing IonicRE’s patented recycling technology to produce magnet rare earth oxides, thereby reducing dependence on foreign imports and supporting the U.S. defense and technology sectors.
Ionic Rare Earths Limited announced a change in the director’s interest, specifically involving Mr. Brett Lynch. The change involved the vesting of 5,000,000 performance rights into fully paid ordinary shares, reflecting an adjustment in the director’s securities holdings. This move indicates a shift in the director’s investment strategy and could impact the company’s governance and stakeholder perceptions.
Ionic Rare Earths Limited announced the issuance of 15 million ordinary shares without disclosure under the Corporations Act, in compliance with relevant legal provisions. This move indicates the company’s strategic financial maneuvering to potentially enhance its capital structure, which could impact its market positioning and stakeholder interests.
Ionic Rare Earths Limited announced the quotation of 2,500,000 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its capital structure, potentially improving its market position and providing additional resources for its ongoing projects.
Ionic Rare Earths Limited announced the quotation of 12,500,000 fully paid ordinary securities on the Australian Securities Exchange, effective from October 29, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and support its ongoing projects, potentially strengthening its position in the rare earths market.
Ionic Rare Earths Limited has announced a security consolidation, impacting several of its securities, including ordinary shares and various options. This reorganization, set to commence trading on a deferred settlement basis on December 3, 2025, is part of the company’s strategic efforts to streamline its capital structure, potentially enhancing market perception and shareholder value.
Ionic Rare Earths Limited has announced its Annual General Meeting, scheduled for November 28, 2025, in Melbourne. Key agenda items include the adoption of the Remuneration Report, election of Sufian Ahmad as a Director, approval of a 10% placement capacity, and the issuance of securities under the Equity Incentive Plan. These resolutions aim to enhance the company’s governance and financial flexibility, potentially impacting its strategic growth and stakeholder engagement.
Ionic Rare Earths Limited has made significant strides in its global expansion strategy, as detailed in its quarterly activities report. The company secured UK government backing for its ‘CirculaREEconomy’ partnership, increased production of critical rare earths, and received its first revenue from sales to Western customers. Additionally, its Makuutu project in Uganda is progressing with potential investors, while its Brazilian joint venture, Viridion, has secured land for a new innovation center. These developments position IonicRE as a key player in the ex-China rare earth supply chain, responding to global demands amid China’s export controls.
Ionic Rare Earths Limited announced a change in the director’s interest, with Mr. Brett Lynch acquiring additional shares and options under a Rights Issue. This change reflects the company’s ongoing strategic efforts to strengthen its position in the rare earth elements market, potentially impacting its operational capabilities and stakeholder interests.
Ionic Rare Earths Limited has announced the issuance of 38,546,031 ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. The company has confirmed compliance with relevant provisions of the Corporations Act and stated that there is no excluded information required to be disclosed. This move is part of the company’s ongoing efforts to strengthen its financial position and enhance its market presence in the rare earths sector.
Ionic Rare Earths Limited announced the issuance of 5,576,840 ordinary fully paid shares, which will be quoted on the Australian Securities Exchange (ASX) under the code IXR. This move is part of the company’s strategy to enhance its capital structure, potentially strengthening its financial position and market presence in the rare earths sector.
Ionic Rare Earths Limited has announced that its securities, under the code IXRO, will be reinstated to quotation on the Australian Securities Exchange (ASX) following compliance with Listing Rule 2.5. This reinstatement signifies a positive development for the company, potentially enhancing its visibility and accessibility in the market, which may have implications for its stakeholders and market positioning.
Ionic Rare Earths Limited has released a snapshot of its listed options, revealing that the majority of its issued capital is held by a small number of entities, with Argentem Creek Opportunities Fund LP holding the largest share at 18.36%. This concentration of ownership could have implications for the company’s decision-making processes and influence within the market, potentially affecting smaller stakeholders and the overall market dynamics.
Ionic Rare Earths Limited has announced the quotation of 45,348,845 securities on the Australian Securities Exchange, set to expire on September 30, 2028. This move is part of previously announced transactions and reflects the company’s ongoing efforts to enhance its financial structure and market presence, potentially impacting its operational capabilities and stakeholder interests positively.
Ionic Rare Earths Limited has announced the quotation of 595,312,500 ordinary fully paid securities and an equal number of options expiring on September 30, 2028. This move is part of previously announced transactions and is expected to enhance the company’s liquidity and market presence, potentially impacting its operational capabilities and stakeholder interests positively.
Ionic Rare Earths Limited has announced the quotation of 380,705,105 ordinary fully paid securities and an equal number of options expiring in 2028 on the Australian Securities Exchange. This move is part of previously announced transactions and signifies a strategic step in enhancing the company’s market presence and operational capabilities.
Ionic Rare Earths Limited announced the successful completion of its rights issue and additional placement, raising approximately $15.6 million before costs. This capital will support various projects, including the Belfast magnet recycling project and the Viridion joint venture, as well as corporate and supply chain development activities in the USA. The placement was backed by strategic investment from Argentem Creek Partners, highlighting increased interest in the rare earths sector. The funds will enhance the company’s cash reserves and facilitate ongoing and future projects, potentially impacting its market position and stakeholder interests.
Ionic Rare Earths Limited announced an update regarding the proposed issue of securities, specifically amending the number of Advisor Options from a previous announcement. This update reflects the company’s ongoing efforts to manage its securities issuance and maintain transparency with stakeholders, potentially impacting its market positioning and investor relations.
Ionic Rare Earths Limited announced an update to its previous securities issuance, adjusting the number of shares and options to be issued under a placement. This adjustment reflects the company’s strategic move to optimize its capital structure, potentially enhancing its market position and providing additional resources for its ongoing projects.
Ionic Rare Earths Limited has successfully raised $15.6 million through a heavily oversubscribed rights issue and a follow-on placement, supported by both domestic and international investors. This funding, which includes a $3 million strategic investment from Argentem Creek Partners, will support the company’s global expansion strategy, particularly in magnet recycling and rare earths supply chain development, amid increased global focus on these critical materials due to geopolitical tensions.
Ionic Rare Earths Limited has updated its previous announcement regarding the proposed issue of securities. The update reflects changes in the number of securities to be issued, accounting for equity issues between the original announcement date and the record date, as well as adjustments for rounding of entitlement offers. This move is part of the company’s strategy to strengthen its financial position and enhance its market presence.
Ionic Rare Earths Limited has announced its Annual General Meeting (AGM) will take place on November 28, 2025, in Melbourne. The meeting will include the election of directors, with nominations closing on October 10, 2025. This AGM is a significant event for the company, as it will address leadership roles that could impact its strategic direction and stakeholder interests.
Ionic Rare Earths Limited has issued a cleansing notice under the Corporations Act, announcing the issuance of new ordinary shares without disclosure requirements. This move indicates the company’s compliance with relevant legal provisions and suggests a strategic approach to managing its capital structure, potentially impacting its market positioning and stakeholder interests.
Ionic Rare Earths Limited has announced the quotation of additional securities on the Australian Securities Exchange (ASX), with a total of 7,928,573 ordinary fully paid shares being issued. This move reflects the company’s ongoing efforts to strengthen its financial position and support its operational growth, potentially enhancing its market presence and offering new opportunities for stakeholders.
Ionic Rare Earths Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles, emphasizing transparency and accountability in its management and oversight practices. This announcement underscores the company’s commitment to maintaining robust governance standards, which is crucial for investor confidence and operational integrity.
Ionic Rare Earths Limited has released its annual report for the year ending June 30, 2025, detailing its financial performance and operational highlights. The report provides insights into the company’s strategic initiatives and financial health, which are critical for stakeholders to assess its market positioning and future growth prospects.
Ionic Rare Earths Limited announced an upcoming investor webinar to update shareholders on its progress in advancing secure and sustainable rare earth supply chains. The webinar will cover developments at the Belfast Magnet Recycling Facility, the Viridion JV in Brazil, and expansion efforts into international markets, including the United States. This initiative reflects the company’s strategic positioning in the emerging rare earth supply chain and its ongoing rights issue offering to shareholders.
Ionic Rare Earths Limited has announced the opening of its Entitlement Offer, allowing eligible shareholders in Australia and New Zealand to purchase new shares and options. This initiative is part of the company’s strategy to strengthen its financial position and support its ongoing projects, including the Makuutu Rare Earths Project and its joint venture in Brazil, which are crucial for its role in the sustainable supply chain for critical technologies.
Ionic Rare Earths Limited announced the issuance of new ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. This move indicates the company’s compliance with relevant legal provisions and suggests a strategic effort to enhance its financial position, potentially impacting its market operations and stakeholder interests.
Ionic Rare Earths Limited announced the quotation of 7,256,537 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s liquidity and market presence, potentially benefiting stakeholders by increasing the accessibility and attractiveness of the company’s shares.
Ionic Rare Earths Limited announced a proposed issue of 7,256,537 ordinary fully paid securities, with the issuance date set for September 19, 2025. This move is part of a placement or other type of issue, indicating the company’s efforts to raise capital, which could potentially enhance its operational capabilities and market positioning in the rare earths sector.
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.
Ionic Rare Earths Limited has announced a proposed issue of securities, with a maximum of 20,097,252 options expiring on September 30, 2028, at an exercise price of $0.025. This move is part of the company’s strategic financial activities and may impact its market positioning by potentially increasing capital for future projects.
Ionic Rare Earths Limited has announced a proposed issue of securities, involving the issuance of 70,312,500 options and the same number of ordinary fully paid shares. This move is part of a strategic effort to raise capital, potentially enhancing the company’s financial position and supporting its ongoing projects in the rare earths sector.
Ionic Rare Earths Limited has announced a proposed issue of securities, including options and ordinary shares, as part of a standard pro rata issue. This move is likely aimed at raising capital to support the company’s ongoing projects and operations, potentially strengthening its position in the rare earth elements market and providing opportunities for stakeholders.
Ionic Rare Earths Limited has announced a new issuance of options under a prospectus dated September 12, 2025. These options are exercisable at 2.5 cents by September 30, 2028, and are targeted at investors looking for exposure to a small-cap resources company. The investment is considered speculative, with no guaranteed income or capital protection, and is suitable for investors who can withstand potential fluctuations in value and are financially positioned to exercise the options.
Ionic Rare Earths Limited has provided an update on its current activities, emphasizing the ongoing exploration at the Makuutu Rare Earths Project in Uganda and technological advancements at Ionic Technologies in the UK. The company reassures stakeholders that there are no new material changes affecting previously reported exploration targets, mineral resources, or production forecasts, maintaining stability in its operational and financial outlook.
Ionic Rare Earths Limited has announced a renounceable entitlement offer of new shares and options to raise funds, managed by Mahe Capital Pty Ltd. This offer, which closes on October 9, 2025, aims to strengthen the company’s financial position and support its ongoing operations in the rare earth elements sector, potentially impacting its market positioning and stakeholder interests.
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.
Ionic Rare Earths Limited announced the issuance of 6,777,777 ordinary shares without disclosure under the Corporations Act, complying with relevant legal provisions. This move reflects the company’s ongoing efforts to manage its capital structure effectively, potentially impacting its financial strategy and stakeholder interests.
Ionic Rare Earths Limited has announced the quotation of 6,777,777 ordinary fully paid securities on the ASX, following the exercise of options or conversion of other convertible securities. This move is likely to enhance the company’s liquidity and market presence, potentially impacting its operational capabilities and offering new opportunities for stakeholders.
Ionic Rare Earths Limited announced the issuance of over 10 million ordinary shares without disclosure under Part 6D.2 of the Corporations Act, complying with relevant legal provisions. This move reflects the company’s strategic financial maneuvers to enhance its market position and operational capabilities, potentially impacting stakeholders positively by ensuring transparency and regulatory compliance.
Ionic Rare Earths Limited has announced the quotation of 10,119,047 new ordinary fully paid securities on the Australian Securities Exchange, effective from August 22, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing projects in the rare earth elements sector, potentially strengthening its market position and offering new opportunities for stakeholders.
Ionic Rare Earths Limited announced the issuance of 500,000 ordinary shares without disclosure under Part 6D.2 of the Corporations Act. The company confirmed compliance with relevant provisions of the Corporations Act and stated there is no excluded information that needs to be disclosed, indicating transparency and adherence to regulatory requirements.
Ionic Rare Earths Limited has announced the issuance of 500,000 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code IXR. This move is part of the company’s strategy to enhance its market presence and potentially increase its capital base, reflecting its ongoing efforts to strengthen its position in the rare earth elements market.
Ionic Rare Earths Limited announced the issuance of 15,739,540 ordinary shares without disclosure under Part 6D.2 of the Corporations Act. The company has complied with relevant provisions of the Corporations Act and confirmed there is no excluded information that needs to be disclosed, indicating transparency and adherence to regulatory requirements.
Ionic Rare Earths Limited announced the quotation of 15,739,540 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial standing and operational capacity, potentially influencing its market position and offering growth opportunities for stakeholders.