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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 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.21M | 2.76M | 220.43K | 213.95K | 0.00 |
| Gross Profit | 2.21M | 2.19M | 159.78K | 213.95K | 0.00 |
| EBITDA | -19.10M | -7.96M | -4.58M | 0.00 | -1.48M |
| Net Income | -21.20M | -8.54M | -4.64M | -2.38M | -1.49M |
Balance Sheet | |||||
| Total Assets | 37.57M | 44.52M | 48.97M | 18.08M | 3.84M |
| Cash, Cash Equivalents and Short-Term Investments | 4.94M | 11.12M | 26.76M | 11.06M | 829.93K |
| Total Debt | 489.35K | 143.72K | 171.37K | 136.40K | 136.40K |
| Total Liabilities | 1.06M | 961.26K | 816.96K | 531.10K | 474.38K |
| Stockholders Equity | 36.51M | 43.56M | 48.15M | 17.55M | 3.37M |
Cash Flow | |||||
| Free Cash Flow | -24.58M | -14.24M | -12.73M | -4.50M | -1.34M |
| Operating Cash Flow | -23.22M | -11.66M | -3.58M | -1.33M | -810.90K |
| Investing Cash Flow | 270.55K | -5.51M | -10.60M | -4.12M | -1.56M |
| Financing Cash Flow | 13.86M | 1.35M | 29.89M | 15.68M | 2.51M |
Ionic Rare Earths Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $10.39B | 9.84 | 1.51% | 2.86% | 2.35% | -34.25% | |
48 Neutral | AU$136.96M | ― | -1.37% | ― | ― | 96.13% | |
46 Neutral | AU$103.87M | ― | -30.39% | ― | -41.05% | -122.11% | |
41 Neutral | AU$107.07M | ― | -39.07% | ― | ― | 39.13% | |
36 Underperform | AU$86.83M | ― | -1.69% | ― | ― | 79.79% |
Ionic Rare Earths Limited Corporate Events
Ionic Rare Earths Limited’s subsidiary, Ionic Technologies, is ramping up production of heavy rare earth oxides at its Belfast plant in response to increased demand from Western markets following China’s export restrictions. This strategic move positions IonicRE as a key supplier of these critical materials, with the company leveraging its advanced processing capabilities to meet the urgent supply requests and capitalize on the surging prices and constrained supply of rare earths.
Ionic Rare Earths Limited has issued 208,668,248 ordinary shares without disclosure under the Corporations Act, complying with relevant legal provisions. This strategic move may enhance the company’s capital structure, potentially impacting its market positioning and offering new opportunities for stakeholders.
Ionic Rare Earths Limited has announced the quotation of 208,668,248 new ordinary fully paid securities on the Australian Securities Exchange (ASX) as of July 25, 2025. This move is part of the company’s strategy to enhance its financial flexibility and potentially expand its operations, which could strengthen its market position and provide additional value to its stakeholders.
Ionic Rare Earths Limited’s joint venture, Viridion, has advanced to the next phase of securing a R$5 billion funding package from Brazilian agencies BNDES and FINEP. This funding will support the development of rare earth refining and magnet recycling facilities in Brazil, positioning the company as a leader in the Brazilian market amid global shifts in rare earth supply chains.
Ionic Rare Earths Limited announced the issuance of 59,555,552 ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. The company has complied with relevant provisions of the Corporations Act and confirmed that there is no excluded information required to be disclosed. This move is part of the company’s strategic financial operations, potentially impacting its market position and stakeholder interests.
Ionic Rare Earths Limited has announced the issuance of 59,555,552 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code IXR. This move is part of the company’s strategy to capitalize on convertible securities, potentially enhancing its market position and providing additional resources for its operations.
Ionic Rare Earths Limited, through its joint venture Viridion, has secured land in Poços de Caldas, Brazil, to establish South America’s first rare earth refining and recycling hub. This initiative, supported by local and federal authorities, aligns with Brazil’s industrial policy and aims to enhance the country’s technological capabilities. The project is expected to commence operations in the second half of 2026, pending funding and regulatory approvals, and is part of a broader effort to develop a sustainable rare earth supply chain in Brazil.
Ionic Rare Earths Limited has issued 97,222,209 ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. The company has complied with all relevant provisions of the Corporations Act and confirmed that there is no excluded information required to be disclosed, indicating transparency and adherence to regulatory requirements.
Ionic Rare Earths Limited has announced the quotation of 97,222,209 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective from July 11, 2025. This move is part of the company’s strategy to enhance its capital structure and support its ongoing operations, potentially strengthening its market position and offering new opportunities for stakeholders.
Ionic Rare Earths Limited, through its subsidiary Ionic Technologies, has secured £11 million in funding from the UK Government and the Advanced Propulsion Centre UK for the ‘CirculaREEconomy’ project. This initiative aims to establish a UK-based supply chain for rare earth permanent magnets, crucial for electric vehicle motors. The project, involving major automotive and recycling partners, will enhance the UK’s capabilities in electric drivetrain technology and reduce reliance on Chinese exports, aligning with the UK’s DRIVE35 program to transform the automotive sector.
Ionic Rare Earths Limited announced the issuance of unquoted equity securities, including options and convertible notes, as part of a previously disclosed transaction. This issuance is a strategic move to strengthen the company’s financial position and support its ongoing projects, potentially enhancing its market presence and operational capabilities.
Ionic Rare Earths Limited has announced the issuance of new ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001, in compliance with relevant legal provisions. This move indicates the company’s strategic efforts to enhance its capital structure, potentially impacting its market positioning and offering new opportunities for stakeholders.
Ionic Rare Earths Limited has announced the quotation of additional securities on the Australian Securities Exchange (ASX), with a total of 2,485,714 ordinary fully paid shares to be issued. This move is part of the company’s strategy to enhance its capital base, potentially impacting its operational capabilities and market positioning positively.
Ionic Rare Earths Limited announced that all resolutions at their recent General Meeting were approved by poll. This includes the approval to issue convertible notes and options, which indicates strong shareholder support and could enhance the company’s financial flexibility and strategic initiatives.
Ionic Rare Earths Limited responded to an ASX price query regarding a recent increase in its share price and trading volume. The company attributes this to several recent announcements, including plans for magnet recycling plants in the USA, expansion into the US market through a joint venture, and a successful capital raise. The company is also benefiting from positive sentiment in the rare earth sector due to geopolitical supply constraints. The upcoming shareholder vote on a new capital raise is expected to provide sufficient funding for ongoing projects, potentially enhancing the company’s market position.
Ionic Rare Earths Limited is advancing discussions with US partners to establish multiple magnet recycling plants across the United States. This initiative aims to address the US’s reliance on Chinese rare earth materials, particularly in the defense sector, and aligns with US government policy to enhance domestic supply chains. The company’s patented technology could provide a strategic solution to current shortages, potentially impacting the automotive and defense industries by ensuring a stable supply of critical minerals.
Ionic Rare Earths Limited, through its Viridion Joint Venture, is planning to expand its operations by potentially developing a rare earth refinery in the United States. This move is part of a broader strategy to create a resilient supply chain for rare earth elements outside of China, addressing critical shortages in the US and supporting stakeholders seeking secure supplies of magnets and heavy rare earths. The initiative is supported by Brazilian government agencies and aims to fast-track discussions and activities to enhance the availability of US-refined rare earth oxides. This expansion is expected to strengthen the company’s position in the global rare earth market, particularly in the US, which currently relies heavily on imports from China.
Ionic Rare Earths Limited’s Brazilian joint venture, Viridion, has been selected by the Brazilian National Bank for Economic and Social Development and FINEP to receive significant funding to advance its rare earth refining and recycling facilities. This development positions the company to enhance its operations amid global efforts to diversify rare earth supply chains away from China. The funding will support the development of pilot plants, metallurgical testing, and engineering feasibility studies, contributing to Brazil’s ambitions to become a leader in the rare earth industry, especially as the country expands its wind energy and EV production capacities.
Ionic Rare Earths Limited has announced a General Meeting to be held on July 7, 2025, where shareholders will vote on resolutions to issue 120 Convertible Notes and 214,285,714 Options. These financial instruments are intended to support the company’s strategic initiatives and could potentially enhance its capital structure, impacting its market position and stakeholder interests.
Ionic Rare Earths Limited announced a proposed issue of securities, including convertible notes and options, set to be issued on July 7, 2025. This move is likely aimed at raising capital to support the company’s operations and strategic initiatives, potentially enhancing its market position and offering new opportunities for stakeholders.
Ionic Rare Earths Limited announced a correction in the number of options to be issued to convertible notes investors, adjusting the figure from 166,666,667 to 214,285,714. Additionally, the company has secured commitments to raise $3.0 million through convertible notes, with the funds intended for working capital and project development. The capital raising is subject to shareholder approval, and if not obtained, any interim funds will be repayable with interest. This move positions IonicRE to strengthen its financial standing and support its strategic projects, potentially impacting its market positioning and stakeholder interests.
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.
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.
Ionic Rare Earths Limited announced a change in the director’s interest, with Mr. Brett Lynch acquiring additional securities, including fully paid ordinary shares, options, and performance rights. This change, approved at a recent shareholder meeting, reflects the company’s strategic moves to align its leadership’s interests with its growth objectives, potentially impacting its market positioning and stakeholder confidence.
Ionic Rare Earths Limited has issued 2,425,993 ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001, complying with relevant legal provisions. This move signifies the company’s adherence to regulatory standards, potentially impacting its market operations and stakeholder confidence positively.
Ionic Rare Earths Limited has announced the quotation of 2,425,993 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code IXR. This move is part of a previously announced transaction, potentially enhancing the company’s liquidity and market presence. The issuance of these securities could strengthen Ionic Rare Earths Limited’s financial position, supporting its strategic initiatives in the rare earths sector and potentially benefiting stakeholders by aligning with the increasing demand for rare earth elements.
Ionic Rare Earths Limited has announced the issuance of 13,285,713 unquoted equity securities, specifically options expiring on December 15, 2027, with an exercise price of $0.011. This move is part of previously announced transactions and reflects the company’s ongoing financial strategies to support its operations and growth in the rare earths sector, potentially impacting its market positioning and stakeholder interests.
Ionic Rare Earths Limited announced the issuance of 26,571,426 ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. This move indicates the company’s compliance with relevant legislative provisions and suggests a strategic effort to bolster its financial standing, potentially impacting its operational capabilities and market positioning.
Ionic Rare Earths Limited has announced the quotation of 26,571,426 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code IXR. This move is part of a previously announced transaction and is expected to enhance the company’s financial flexibility and market presence, potentially impacting its operational capabilities and stakeholder interests positively.
Ionic Rare Earths Limited has announced a proposed issue of 2,425,993 ordinary fully paid securities, with the issue date set for May 22, 2025. This move is part of the company’s strategy to raise capital, potentially impacting its market position and providing resources for further development and expansion in the rare earths sector.
Ionic Rare Earths Limited announced that all resolutions presented at their General Meeting were successfully passed by poll. This outcome reflects strong shareholder support for the company’s strategic initiatives, potentially enhancing its operational capabilities and market position in the rare earths sector.
Ionic Rare Earths Limited has made significant advancements in its magnet recycling and heavy rare earths projects, crucial for the global energy transition and advanced manufacturing. The company’s recent activities include a peer-reviewed Life Cycle Analysis indicating a 61% reduction in CO2 emissions from its magnet recycling process, the launch of the MagNetZero supply chain initiative, and a memorandum of understanding with South Korea’s DNA Link. Additionally, the company is in discussions with the UK government and other stakeholders to support the commercial plant capital requirements for its Belfast facility, while also exploring opportunities for global expansion in key markets such as the USA. The Makuutu Heavy Rare Earths Project in Uganda is gaining attention due to China’s export restrictions, highlighting the need for new supply sources. IonicRE is also pursuing a joint venture in Brazil for refining and recycling, and has reported a reduced net loss in its half-year financial report.