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Ionic Rare Earths Limited (ASX:IXR)

ALERT: Price-sensitive ASX Announcement for IXR
Current share price for IXR : $0.290 -0.195 (-40.21%)+
Announcement
Release
11 Feb 2026 9:10AM
Price at Release
$0.485
Full Release
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Summary
Ionic Rare Earths Limited (IonicRE) has announced organizational changes to drive the global expansion of their rare earth magnet recycling operations. This includes the relocation of Managing Director Tim Harrison to the UK and the appointment of new strategic advisors. IonicRE's Belfast rare earth magnet recycling facility has been recognized as a 'Strategically Important Project' by the Forum on Resource Geostrategic Engagement (FORGE), facilitating the replication of their patented magnet recycling technology in key markets such as the USA. Discussions with potential funders and strategic investors are underway, following an offer of a £12 million capital grant from the UK Government. These initiatives are aimed at establishing a secure and sustainable ex-China rare earth supply chain, leveraging IonicRE's patented recycling technology which offers up to 61% lower CO2 emissions compared to conventional methods.
Key Points
  • Organizational changes to drive global expansion.
  • Managing Director Tim Harrison to relocate to the UK.
  • Recognition by FORGE as a 'Strategically Important Project'.
  • Discussions with investors for £12 million UK Government grant.
  • Focus on a secure and sustainable ex-China rare earth supply chain.
  • Patented technology reduces CO2 emissions by up to 61%.
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.