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Ionic Rare Earths Limited (ASX:IXR)

ALERT: Price-sensitive ASX Announcement for IXR
Current share price for IXR : $0.315 0.299 (1,868.75%)+
Announcement
Release
29 Oct 2025 9:27AM
Price at Release
$0.016
Full Release
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Summary
Ionic Rare Earths Limited's September Quarterly Activities & Cash Flow Report highlights advancements in rare earths supply chain initiatives across multiple regions. A key development is the £11M funding secured by Ionic Technologies for a UK-based magnet supply chain project. The Makuutu project in Uganda continues to gain strategic importance amid China's export controls, with discussions ongoing with potential investors. In Brazil, the Viridion joint venture progresses with federal funding evaluation for the Centre for Rare Earths Innovation, Technology, and Recycling (CRITR). Corporate highlights include a $15.6M rights issue and strategic investment from Argentem Creek Partners. The company reports a net cash from operating activities of $(2,816)K and ends the quarter with cash equivalents of $1,913K. Plans are in place to expand recycling operations to Brazil and the US, driven by increased global demand for heavy rare earths.
Key Points
  • Ionic Technologies leads a consortium securing £11M for UK's rare earth magnet supply chain.
  • Makuutu Heavy Rare Earths Project in Uganda is a key focus with ongoing investor discussions.
  • Viridion JV in Brazil progresses with federal funding evaluation and CRITR groundbreaking.
  • Corporate activities included a $15.6M rights issue and strategic investment from Argentem Creek Partners.
  • Cash flows show a net cash from operating activities of $(2,816)K and cash equivalents at the end of the period at $1,913K.
  • China's export controls on rare earths have increased Western demand, boosting production at Ionic Technologies.
  • IonicRE's future strategy involves expanding magnet recycling to markets like Brazil and the US.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.