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Ionic Rare Earths Limited
(Sydney:IXR)
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Rating:51Neutral
Price Target:
AU$0.39
â–²(4.59% Upside)
Action:Reiterated
Date:09/18/26
The score is held down primarily by weak financial performance: ongoing losses, a sharp revenue setback to zero in 2026, and sustained negative operating/free cash flow that increases funding risk. Offsetting this, technicals are moderately positive with the price above key moving averages and a positive MACD. Valuation remains a headwind because the company is unprofitable (negative P/E) and there is no dividend yield data.
Positive Factors
Low Financial Leverage
Very low leverage limits balance-sheet risk while Ionic Rare Earths remains in investment mode. The modest debt burden preserves financial flexibility and reduces pressure from interest or refinancing obligations as the company advances its development activities.
Negative Factors
Persistent Losses and Revenue Collapse
Persistent operating and net losses show that the current business scale is not yet supporting the cost base. The fall in revenue to zero in 2026 further weakens near-term operating momentum and increases dependence on successful project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Very low leverage limits balance-sheet risk while Ionic Rare Earths remains in investment mode. The modest debt burden preserves financial flexibility and reduces pressure from interest or refinancing obligations as the company advances its development activities.
Read all positive factors
Ionic Rare Earths Limited (IXR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$97.84M
Dividend YieldN/A
Average Volume (3M)579.57K
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue GrowthN/A
EPS Growth-2.83%
CountryAU
Employees34
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.06
Shares Outstanding257,463,620
10 Day Avg. Volume531,363
30 Day Avg. Volume579,570
Financial Highlights & Ratios
PEG Ratio-0.95
Price to Book (P/B)2.31
Price to Sales (P/S)0.00
P/FCF Ratio-4.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-2.31
Revenue Forecast (FY)AU$1.70M
Ionic Rare Earths Limited Business Overview & Revenue Model
Company Description
Specializing in mineral exploration, Ionic Rare Earths Limited's main undertaking is the Makuutu rare earths project. This significant venture, located in eastern Uganda, comprises six permits spanning an area of approximately 298 square kilometer...
How the Company Makes Money
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Ionic Rare Earths Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 848.05K | 0.00 | 2.18M | 2.21M | 2.76M | 220.43K |
| Gross Profit | -970.65K | -845.63K | 2.18M | 2.21M | -575.81K | 159.78K |
| EBITDA | -8.74M | -15.86M | -10.14M | -19.10M | -7.96M | -4.58M |
| Net Income | -10.93M | -14.91M | -11.34M | -21.20M | -8.54M | -4.64M |
Balance Sheet | ||||||
| Total Assets | 43.63M | 35.71M | 32.56M | 37.57M | 44.52M | 48.97M |
| Cash, Cash Equivalents and Short-Term Investments | 12.41M | 3.48M | 595.23K | 4.94M | 11.12M | 26.76M |
| Total Debt | 347.85K | 240.81K | 1.12M | 489.35K | 143.72K | 34.96K |
| Total Liabilities | 1.66M | 2.27M | 2.97M | 1.06M | 961.26K | 816.96K |
| Stockholders Equity | 41.98M | 33.44M | 29.59M | 36.51M | 43.56M | 48.15M |
Cash Flow | ||||||
| Free Cash Flow | -9.14M | -15.46M | -5.93M | -24.58M | -14.24M | -12.73M |
| Operating Cash Flow | -9.06M | -13.85M | -5.89M | -23.22M | -11.66M | -3.58M |
| Investing Cash Flow | 47.19K | -1.86M | 1.35M | 270.55K | -5.51M | -10.60M |
| Financing Cash Flow | 19.39M | 18.58M | 3.53M | 13.86M | 1.35M | 29.89M |
Ionic Rare Earths Limited Technical Analysis
Positive
0.37
Price Trends
0.33
Positive
0.34
Positive
0.36
Positive
Market Momentum
0.02
Negative
58.10
Neutral
26.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IXR, the sentiment is Positive. The current price of 0.37 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.33, and above the 200-day MA of 0.36, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.10 is Neutral, neither overbought nor oversold. The STOCH value of 26.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:IXR.
Ionic Rare Earths Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
58 Neutral | AU$479.46M | -79.07 | -2.31% | ― | ― | 41.89% | |
51 Neutral | AU$97.84M | -6.22 | -39.55% | ― | ― | -2.83% | |
51 Neutral | AU$118.76M | -39.29 | -0.88% | ― | ― | 78.67% | |
44 Neutral | AU$245.44M | -85.90 | -2.30% | ― | ― | 27.78% | |
43 Neutral | AU$75.22M | -14.11 | -3.73% | ― | ― | 51.89% |
* Basic Materials Sector Average
AU:IXR
Ionic Rare Earths Limited
0.39
-0.07
-14.44%
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Ardiden
0.35
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100.00%
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Labyrinth Resources Limited
0.33
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-16.67%
AU:WC8
Wildcat Resources Ltd.
0.34
0.12
51.11%
AU:DLI
Delta Lithium Limited
0.17
>-0.01
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Ionic Rare Earths Limited Corporate Events
Ionic Rare Earths Sets November Date for AGM and Director Nominations
Sep 17, 2026
Ionic Rare Earths Limited has scheduled its Annual General Meeting for 13 November 2026 at Baker McKenzie’s Melbourne offices, with the session to commence at 11:00 a.m. AEDT. The company will circulate a formal Notice of Meeting to sharehol...
Ionic Rare Earths Confirms Compliance With ASX Corporate Governance Standards
Sep 17, 2026
Ionic Rare Earths Limited operates in the resources sector, focusing on the exploration and development of rare earths projects. As an ASX-listed entity, it is governed by Australian securities market rules that emphasize structured corporate gove...
Ionic Rare Earths Releases Comprehensive 2026 Annual Report
Sep 17, 2026
Ionic Rare Earths Limited has released its Annual Report for the financial year ended 30 June 2026, providing shareholders with a comprehensive overview of corporate governance, financial performance, and operational activities. The report include...
Ionic Rare Earths Updates Director’s Post-Consolidation Equity Holdings
Sep 15, 2026
Ionic Rare Earths Limited has reported a change in director Timothy Harrison’s indirect interests, reflecting adjustments following a 1:30 share consolidation effective in December 2025. Harrison holds his interest through Timel Holdings Pty...
Ionic Rare Earths Updates Director Brett Lynch’s Equity Holdings After Performance Rights Vesting
Sep 15, 2026
Ionic Rare Earths Limited has disclosed a change in the securities held by director Brett Lynch, updating the market on his direct and indirect interests in company shares, options, and performance rights. The filing details his holdings across se...
Ionic Rare Earths Issues New Shares Under Cleansing Notice
Sep 14, 2026
Ionic Rare Earths Limited is an Australian resources company focused on the exploration and development of rare earth elements, which are critical inputs for high-tech manufacturing and clean energy technologies. Listed on the ASX under the ticker...
Ionic Rare Earths Seeks ASX Quotation for Additional Shares
Sep 14, 2026
Ionic Rare Earths Limited has lodged an application with the ASX for quotation of additional ordinary fully paid shares under its IXR ticker. The move forms part of the company’s ongoing use of equity markets to support its activities in the...
Ionic Rare Earths Seeks ASX Quotation for Additional Shares
Sep 14, 2026
Ionic Rare Earths Limited has applied for quotation on the ASX of 1,368,842 new ordinary fully paid shares, issued on 11 September 2026. The application, lodged under the company’s code IXR, reflects the conversion or exercise of existing op...
Ionic Rare Earths Adds New Director, Discloses Equity Holdings
Sep 13, 2026
Ionic Rare Earths Limited has appointed James Edmund Rutherford as a director, effective 14 September 2026, further shaping its leadership as it advances projects in the rare earths sector. The company disclosed that Rutherford holds 177,532 ordin...
Ionic Rare Earths Adds Veteran UK Director to Bolster Belfast Expansion
Sep 13, 2026
Ionic Rare Earths Limited has appointed James (Jim) Rutherford as a Non-Executive Director, elevating him from an advisory role to strengthen the board ahead of finalising capital funding for its Belfast magnet recycling facility and broader UK an...
Ionic Rare Earths Plans Targeted Share Placement on ASX
Sep 9, 2026
Ionic Rare Earths Limited has announced a proposed issue of new ordinary fully paid shares on the Australian Securities Exchange as part of a placement or similar capital-raising initiative. The company plans to issue up to 34,922 IXR shares, with...
Ionic Rare Earths Plans U.S. Magnet Recycling JV with US Strategic Metals
Sep 2, 2026
Ionic Rare Earths’ U.S. subsidiary has signed a joint venture term sheet with Missouri-based US Strategic Metals to develop magnet recycling facilities at a fully permitted site near Fredericktown, Missouri. The plan advances a prior memoran...
Ionic Rare Earths Adjusts Capital Structure as Performance Rights Lapse
Aug 31, 2026
Ionic Rare Earths Limited operates in the mining and resources sector, with a focus on rare earth elements used in advanced technologies and clean energy applications. The company is listed on the ASX under the code IXR and manages a range of secu...
Ionic Rare Earths Issues New Shares and Confirms Regulatory Compliance
Aug 25, 2026
Ionic Rare Earths Limited has issued 286,622 new ordinary shares on 25 August 2026 and lodged a cleansing notice confirming the shares were issued without a prospectus under relevant exemptions in the Corporations Act. The company states it is com...
Ionic Rare Earths Adds 286,622 New Shares to ASX Quotation
Aug 25, 2026
Ionic Rare Earths Limited has applied to the ASX for quotation of 286,622 new ordinary fully paid shares under the issuer code IXR. The securities were issued on August 25, 2026, and the application follows transactions previously flagged to the m...
Ionic Rare Earths Plans Modest Share Placement to Support Rare Earths Growth
Aug 24, 2026
Ionic Rare Earths Limited has notified the Australian Securities Exchange of a proposed issue of new ordinary fully paid shares under a placement or similar structure. The company plans to issue up to 286,622 IXR securities, with the proposed issu...
Ionic Rare Earths Issues New Shares with Cleansing Notice Confirmation
Aug 11, 2026
Ionic Rare Earths Limited has issued 29,097,454 new ordinary shares on 11 August 2026 and lodged a cleansing notice under Section 708A(5)(e) of the Corporations Act, confirming the issue was made without a formal disclosure document. The company s...
Ionic Rare Earths Seeks ASX Quotation for New Share Issue
Aug 11, 2026
Ionic Rare Earths Limited has applied for quotation of 251,299 new ordinary fully paid shares on the ASX, under its existing issuer code IXR. The application, lodged as an Appendix 2A, reflects the company’s move to have these securities for...
Ionic Rare Earths Seeks ASX Quotation for 28.8 Million New Shares
Aug 11, 2026
Ionic Rare Earths Limited has applied for quotation on the ASX of 28,846,155 new ordinary fully paid shares, to be issued on 11 August 2026 under the company’s code IXR. The move expands the company’s quoted capital base, potentially e...
Ionic Rare Earths Plans New Share Issue to Raise Equity Capital
Aug 7, 2026
Ionic Rare Earths Limited has notified the ASX of a proposed issue of 251,299 fully paid ordinary shares under a placement or similar capital-raising structure. The new securities, expected to be issued on 11 August 2026, indicate the company is s...
Ionic Rare Earths Plans August Share Placement to Boost Capital Base
Aug 4, 2026
Ionic Rare Earths Limited plans to issue up to 30,769,231 new ordinary fully paid shares under a placement, with the proposed issue date set for 11 August 2026. The securities will be quoted on the ASX under the company’s existing IXR code, ...
Ionic Rare Earths Raises $8m to Drive Belfast Plant and US Expansion
Aug 4, 2026
Ionic Rare Earths Limited has completed an $8.0 million share placement, issuing about 30.8 million new shares at $0.26 each to domestic and international institutional investors, including strong director participation. The raise, which brings in...
Ionic Rare Earths Requests Trading Halt Ahead of Capital Raising
Aug 2, 2026
Ionic Rare Earths Limited, an ASX-listed rare earths explorer and developer, operates in the critical minerals sector supplying inputs for high-tech and clean energy applications. The company leverages Australia’s capital markets and regulat...
Ionic Rare Earths Seeks ASX Quotation for New Share Issue
Jul 31, 2026
Ionic Rare Earths Limited has applied for quotation of 67,413 new ordinary fully paid shares on the ASX, with an issue date of July 27, 2026. These securities form part of previously announced transactions and will be traded under the company̵...
Ionic Rare Earths Advances Global Magnet Recycling and Heavy REE Supply Strategy
Jul 31, 2026
Ionic Rare Earths Limited reported continued global expansion of its ex-China rare earth supply chain strategy, led by its U.K.-based Ionic Technologies unit, which has demonstrated a first-of-its-kind e-motor magnet supply chain using long-loop r...
Ionic Rare Earths Launches Strategic Review of Makuutu Amid Western Supply Shift
Jul 30, 2026
Ionic Rare Earths Limited has launched a strategic review of its Makuutu Heavy Rare Earths Project in response to rising Western demand for non-Chinese sources of medium and heavy rare earths. The review, conducted via its 60%-owned Rwenzori Rare ...
Ionic Rare Earths Plans Modest Share Placement to Support Rare Earth Strategy
Jul 24, 2026
Ionic Rare Earths Limited has lodged an Appendix 3B with the ASX outlining a proposed issue of 67,413 fully paid ordinary shares. The new securities are to be issued via a placement or similar mechanism, with the proposed issue date set for 27 Jul...
Ionic Rare Earths Advances Belfast Magnet Recycling Facility with FEED Contract and Permitting Progress
Jul 12, 2026
Ionic Rare Earths Limited has appointed Tenova Advanced Technologies to conduct front-end engineering design for its planned rare earth magnet recycling facility in Belfast, leveraging Ionic Technologies’ proprietary processes. The FEED work...
Ionic Rare Earths boosts EMEA push with new COO to drive Belfast magnet recycling plant
Jul 9, 2026
Ionic Rare Earths Limited has appointed British executive Sean Sargent as Chief Operating Officer for the EMEA region, tasking him with leading the commercial rollout of a rare earth permanent magnet recycling facility in Belfast and overseeing wi...
Ionic Rare Earths Wins U.K. Backing for Belfast Magnet Recycling Plant
Jul 6, 2026
Ionic Rare Earths Limited has underlined its growing strategic role in the U.K.’s critical minerals push by hosting Industry Minister Chris McDonald at its Ionic Technologies demonstration plant in Belfast. The visit highlighted the company&...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.