General Chat / Discussion, page-13341

Correct, IXR and LCM! Their MOU (June 2024) is now transitioning to definitive agreements as of May 2025, solidifying their UK-based circular supply chain for recycled magnet REOs (Nd, Pr, Dy, Tb) and Midstream, Final terms are being locked in for LCM to convert Ionic’s 99.5%+ purity REOs (10 tpa demo plant) into rare earth alloys, feeding magnet production for Ford’s Halewood EVs. LCM and IXR are transforming recycled magnets into a sovereign supply chain play. With definitive agreements and US expansion plans, this is a key step in breaking China’s rare earth dominance,






And we must not forget

The collaboration between Ionic Technologies (IonicRE), Less Common Metals (LCM), and Vacuumschmelze (VAC) under the REEVALUATE Project represents a transformative step in establishing a closed-loop, Western-aligned rare earth supply chain. Funded by the UK Government’s CLIMATES program, this initiative focuses on recycling pre-consumer magnet scrap (swarf) into high-performance NdFeB magnets using 100% recycled rare earth elements (REEs).




The Ionic-LCM-VAC partnership is a linchpin of Western efforts to build resilient, sustainable rare earth supply chains. With definitive agreements finalizing in 2025 and commercial scaling underway, this collaboration positions the UK as a global leader in circular critical minerals production while paving the way for US/EU market penetration.

e-VAC Magnetics, the U.S. arm of VAC, is building the first major domestic rare earth magnet plant in the U.S., with strong federal and commercial backing, a focus on local and recycled materials, and a pivotal role in securing the U.S. EV and defense supply chain.


Just sit tight, Patience Required as UK government finalizing its funding strategies and policies, it’s a waiting game-but positive feedback from officials thus far as we saw at The All-Party Parliamentary Group (APPG) for Critical Minerals.