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Ionic Rare Earths Limited ( (AU:IXR) ) just unveiled an update.
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.
More about Ionic Rare Earths Limited
Ionic Rare Earths Limited is a company engaged in the rare earths industry, focusing on the production and supply of critical heavy rare earth elements. The company operates globally with projects in the United Kingdom, Europe, North and South America, and Asia. Its primary products include dysprosium oxide and terbium oxide, and it is involved in magnet recycling and rare earths innovation through its subsidiaries and joint ventures.
Average Trading Volume: 27,204,646
Technical Sentiment Signal: Hold
Current Market Cap: A$134.7M
See more insights into IXR stock on TipRanks’ Stock Analysis page.