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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.18M | 2.21M | 2.76M | 220.43K | 213.95K |
| Gross Profit | 2.18M | 2.21M | -575.81K | 159.78K | 213.95K |
| EBITDA | -10.14M | -19.10M | -7.96M | -4.58M | -2.38M |
| Net Income | -11.34M | -21.20M | -8.54M | -4.64M | -2.38M |
Balance Sheet | |||||
| Total Assets | 32.56M | 37.57M | 44.52M | 48.97M | 18.08M |
| Cash, Cash Equivalents and Short-Term Investments | 595.23K | 4.94M | 11.12M | 26.76M | 11.06M |
| Total Debt | 1.12M | 489.35K | 143.72K | 34.96K | 136.40K |
| Total Liabilities | 2.97M | 1.06M | 961.26K | 816.96K | 531.10K |
| Stockholders Equity | 29.59M | 36.51M | 43.56M | 48.15M | 17.55M |
Cash Flow | |||||
| Free Cash Flow | -5.93M | -24.58M | -14.24M | -12.73M | -4.50M |
| Operating Cash Flow | -5.89M | -23.22M | -11.66M | -3.58M | -1.33M |
| Investing Cash Flow | 1.35M | 270.55K | -5.51M | -10.60M | -4.12M |
| Financing Cash Flow | 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% | |
56 Neutral | AU$173.11M | -4.29 | -8.73% | ― | ― | ― | |
54 Neutral | AU$227.77M | -4.84 | -43.66% | ― | 46.74% | -47.98% | |
53 Neutral | AU$196.96M | -5.98 | -7.66% | ― | ― | ― | |
51 Neutral | AU$89.23M | -5.45 | -34.31% | ― | ― | 52.94% | |
51 Neutral | AU$172.67M | -24.79 | -27.81% | ― | ― | -35.98% | |
51 Neutral | AU$228.62M | -82.29 | -2.97% | ― | ― | 42.74% |
Ionic Rare Earths Limited Corporate Events
Ionic Rare Earths Limited has released its half-year financial report for the period ended 31 December 2025, detailing the company’s financial performance, position, and cash flows. The report also includes directors’ and auditor’s statements, as well as competent person confirmations, providing stakeholders with a formal update on governance, review outcomes, and operational progress.
While specific financial figures are not disclosed in the release excerpt, the publication of the half-year report marks a key regulatory and transparency milestone for the company. It enables investors and other stakeholders to assess Ionic Rare Earths’ current status, oversight structures, and the effectiveness of its financial management during the half-year period.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.42 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has applied to the ASX for quotation of 16,667 new fully paid ordinary shares under the code IXR, following the issue of these securities on 2 March 2026. The small share issuance, arising from the exercise or conversion of existing instruments, marginally increases the company’s capital base and reflects ongoing activity in its equity structure without signaling a major strategic shift.
The additional quoted shares will be integrated into the existing register and traded on the ASX in line with standard listing rules. For investors, this represents a routine capital management event with minimal dilution, indicating continued engagement with equity markets as the company advances its rare earths business.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has issued 416,667 new ordinary shares on 2 March 2026 without a full prospectus under the disclosure exemptions of the Corporations Act. The company stated it remains compliant with its financial reporting and continuous disclosure obligations and confirmed there is no excluded information that would need to be provided to the market, signalling that the small equity issuance should integrate smoothly into its existing capital structure without undisclosed risk to investors.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has applied for quotation on the ASX of 416,667 new fully paid ordinary shares under the code IXR. The securities, issued on 2 March 2026, reflect a modest capital expansion that may provide additional funding flexibility while slightly diluting existing shareholders and incrementally increasing the company’s free float.
The move signals continued activity in capital management as the company advances its rare earth projects in a competitive critical minerals sector. While small in scale, the additional quoted securities could support ongoing operational or project-related expenditures and maintain market visibility for Ionic Rare Earths on the ASX.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has notified the ASX of a proposed issue of up to 416,667 fully paid ordinary shares under a placement or similar capital-raising mechanism. The new securities are expected to be issued on 2 March 2026, with the company seeking quotation of the additional shares in line with ASX listing requirements.
The placement supports the company’s ongoing access to equity capital markets, potentially strengthening its balance sheet and funding activities in the rare earths sector. This incremental issuance may modestly dilute existing shareholders but is intended to position the business to advance its strategic projects in a critical minerals industry experiencing sustained demand.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths is overhauling its organisation to accelerate global expansion in rare earth magnet recycling, including relocating Managing Director Tim Harrison to the UK and appointing seasoned industry advisors. These moves support the scale-up of its Belfast recycling operations and broader growth strategy across Europe, the Americas, the Gulf and Asia.
The company’s Belfast rare earth magnet recycling facility and its Makuutu project have been designated Strategically Important Projects by the new FORGE critical minerals alliance, enabling replication of its patented recycling technology in key markets such as the U.S. and supporting UK sovereign rare earth production. This recognition, combined with progressing discussions with funders following an indicative £12 million UK government grant offer, strengthens IonicRE’s position in emerging ex-China critical mineral supply chains.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.45 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has moved ahead with cleaning up its share register by implementing an Unmarketable Parcel Sale Facility aimed at holders of less than A$500 worth of shares. Following an opt-out period that closed on 30 January 2026, the company confirmed that 1,348,891 shares held by 2,763 small shareholders will now be sold on-market at the company’s expense for brokerage, with proceeds to be distributed to participating investors later in February. The move is expected to reduce administrative costs associated with a large number of very small holdings and may improve the efficiency and manageability of the company’s shareholder base, while providing a cost-free exit for small investors.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has announced a change to its registered office and principal place of business, effective 2 February 2026, relocating to new premises at Suite 09, Level 5, North Tower, 525 Collins Street in central Melbourne. While an administrative move, the relocation to a prominent Melbourne CBD address may support the company’s corporate profile and operational coordination as it advances its activities in the critical rare earths market.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited reported progress on its global rare earths expansion strategy for the December 2025 quarter, highlighted by a new memorandum of understanding with Missouri-based US Strategic Metals to develop vertically integrated, multi-metallic rare earths production from recycling at a fully permitted US site, alongside a successful capital raise, completion of a 1-for-30 share consolidation, and commencement of trading on the OTCQB market in the US. The Company advanced its UK magnet recycling ambitions as the updated UK Critical Minerals Strategy recognised Belfast as a key critical minerals cluster, with IonicRE pursuing a £12 million capital grant in principle and holding funding discussions with the UK’s National Wealth Fund and strategic investors while initiating a Bridging Study for a modular magnet recycling plant; simultaneously, it continued engagement with international partners and offtakers to fast-track the shovel-ready Makuutu heavy rare earths project in Uganda amid rising demand for ex-China supply, and progressed its Viridion joint venture in Brazil through stakeholder and federal funding talks as its partner secured environmental approval for the Colossus rare earth project.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has issued a total of 74,603 new ordinary shares on 23 and 27 January 2026 and has lodged a cleansing notice under section 708A(5)(e) of the Corporations Act, confirming the shares were issued without a prospectus. The company states it is fully compliant with its continuous disclosure and financial reporting obligations and that there is no excluded information requiring disclosure, enabling the newly issued shares to be freely tradable and signalling adherence to corporate governance and transparency standards for existing and new investors.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has applied for quotation on the ASX of 12,239 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities slightly expands the company’s capital base and reflects ongoing shareholder participation in equity-linked instruments, but does not indicate a major shift in operations or strategy at this time.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has applied to the ASX for quotation of 62,364 new fully paid ordinary shares, to be issued on 23 January 2026 under its existing capital management framework. The modest increase in quoted securities, formalised through an Appendix 2A filing, reflects routine capital issuance linked to previously announced transactions and marginally expands the company’s equity base without indicating a material shift in its operating strategy or market positioning.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths’ subsidiary Ionic Technologies has secured an offer in principle for a £12 million capital grant from the UK Government’s DRIVE35 program to help fund an £85 million commercial rare earth magnet recycling plant in Belfast. The planned facility, capable of producing 400 tonnes per year of 99.5%-plus purity separated rare earth oxides from pre-consumer scrap and end-of-life magnets, is positioned to support the UK’s critical minerals strategy by reducing reliance on imported rare earths and strengthening supply chains for zero-emission vehicles and advanced manufacturing. Recognition of Belfast as a critical minerals cluster and the plant’s status as the first Western producer of recycled, individually separated magnet REOs underscore its strategic importance, while IonicRE advances due diligence with government agencies and engages strategic investors to complete project financing and move toward a final investment decision and targeted first production within two years.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has secured quotation of its ordinary shares on the U.S. OTCQB Venture Market under ticker IXRRF, a move aimed at broadening access for North American investors to its heavy rare earth and magnet recycling strategy and deepening alignment with U.S. critical minerals priorities. The admission complements its recent collaboration with US Strategic Metals in Missouri and reinforces the company’s positioning as a Western supplier of critical rare earth materials and recycling technology amid increasing geopolitical focus on non-Chinese supply chains, potentially enhancing its capital markets profile and supporting funding and expansion of its global project pipeline, including its development-ready Makuutu project and planned recycling complexes in the U.S. and Brazil.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has notified the ASX of a proposed issue of up to 62,364 fully paid ordinary shares under a placement or similar capital-raising mechanism, with the new securities expected to be issued on 23 January 2026. The modest equity issuance is intended to support the company’s ongoing activities and may slightly dilute existing shareholders while providing additional funding flexibility as Ionic Rare Earths advances its strategic projects in the competitive rare earths market.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.
Ionic Rare Earths Limited has announced the establishment of an Unmarketable Parcel Sale Facility to assist shareholders holding less than $500 worth of shares. This initiative aims to streamline shareholder management by selling these small holdings unless shareholders opt to retain them by a specified deadline. The company will cover all brokerage costs associated with the sale, and proceeds will be distributed to participating shareholders after the sale is completed. This move is expected to simplify the company’s share registry and potentially enhance shareholder value.
The most recent analyst rating on (AU:IXR) stock is a Hold with a A$0.37 price target. To see the full list of analyst forecasts on Ionic Rare Earths Limited stock, see the AU:IXR Stock Forecast page.