InvestSMART

Ionic Rare Earths Limited (ASX:IXR)

ALERT: Price-sensitive ASX Announcement for IXR
Current share price for IXR : $0.290 0 (0%)+
Announcement
Release
11 May 2026 9:07AM
Price at Release
$0.290
Full Release
download
Summary
Ionic Rare Earths Limited, through its subsidiary Ionic Technologies, has successfully led a pioneering project to establish a circular supply chain for electric motor Rare Earth Permanent Magnets (REPM) using recycled materials. This project, a collaboration with Less Common Metals, GKN, and Ford UK, demonstrated the feasibility of producing high-quality magnets for Ford's electric vehicles using 100% recycled rare earth oxides (REOs). The recycled magnets matched the performance of those made from mined materials, marking a significant advancement in sustainable supply chains. The initiative was part of the UK Government's CLIMATES project, aiming to reduce dependency on foreign imports by supporting domestic and recycled REO production. This project validates Ionic Technologies' long-loop recycling technology, offering a sustainable solution for the automotive, advanced manufacturing, and defense sectors.
Key Points
  • Ionic Technologies led a successful project for recycling rare earth magnets.
  • Collaboration included Less Common Metals, GKN, and Ford UK.
  • Recycled magnets matched performance of mined material magnets.
  • Project supported by UK Government's CLIMATES initiative.
  • Ionic Technologies' technology enables a sustainable REO supply chain.
  • Project aims to reduce UK's reliance on foreign imports of critical minerals.
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.