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Ionic Rare Earths Limited (ASX:IXR)

ALERT: Price-sensitive ASX Announcement for IXR
Current share price for IXR : $0.275 -0.04 (-12.70%)+
Announcement
Release
31 Jul 2026 4:39PM
Price at Release
$0.315
Full Release
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Summary
Ionic Rare Earths Limited's June 2026 Quarterly Activities & Cash Flow Report highlights significant progress in building a Western rare earth supply chain. The company reported cash outflows from operating, investing, and financing activities with a closing cash balance of AUD 3.481 million. Key developments included the completion of rare earth oxide sales to AML, advancements in the Makuutu Heavy Rare Earths Project in Uganda, and progress in the Viridion Joint Venture in Brazil. The report also details the strategic initiatives for a UK magnet recycling plant and collaboration efforts to enhance rare earth processing and recycling technologies in the UK and USA.
Key Points
  • IonicRE completed rare earth oxide sales to AML for high-purity Didymium and Dysprosium Oxides.
  • Advancement in Makuutu Heavy Rare Earths Project in Uganda with strategic partnerships.
  • Progress in Viridion Joint Venture in Brazil for magnet recycling and rare earth refining.
  • Development of a 400 tpa magnet recycling plant in Belfast, UK, supported by UK government funding.
  • Collaboration with Nth Cycle to enhance rare earth refining and recycling in the USA.
  • Ongoing exploration of dual listing on London’s AIM market to attract international investors.
  • Cash position at the end of the quarter was AUD 3.481 million.
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.