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Ionic Rare Earths Limited (ASX:IXR)

ALERT: Price-sensitive ASX Announcement for IXR
Current share price for IXR : $0.365 0.05 (15.87%)+
Announcement
Release
25 May 2026 8:56AM
Price at Release
$0.315
Full Release
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Summary
Ionic Rare Earths Limited (IonicRE) has started supplying magnet rare earth oxides, specifically Neodymium/Praseodymium oxide and dysprosium oxide, to U.S.-based Advanced Magnet Lab, Inc. (AML) under a contract awarded by the U.S. Defense Logistics Agency. This initiative aims to produce high-grade sintered NdFeB permanent magnets for defense applications. The collaboration includes a non-binding Memorandum of Understanding for supply and recycling, enhancing a sustainable ex-China rare earth supply chain. This partnership will support U.S. military needs, leveraging IonicRE's patented recycling technology to establish a secure and traceable supply chain across the Western world, contributing to the development of a resilient rare earth supply chain for military drone production and other defense technologies.
Key Points
  • IonicRE started supplying NdPr and Dy2O3 to AML for U.S. defense applications.
  • Aims to establish a secure ex-China rare earth supply chain.
  • Collaboration includes a recycling initiative with AML.
  • Supports U.S. Department of War's need for domestically sourced rare earths.
  • Partnership enhances IonicRE's presence in the U.S. and sustainable supply chain.
  • IonicRE's technology focuses on recycling and refining rare earth elements.
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.