My understanding is that if the UK approves funding this validating the technology to the USA a plant big enough to meet all US defence requirements could by operating by end 2026 US would need to throw $US100 m at it but this is small compared to the funds they have to fix this problem
And while this would be a company maker what the US really wants is magnets not rare earths. IXR would be beautifully placed to manufacture these given exclusive low cost supply and now we are talking full integration from mine to recycling to magnet manufacture. Same for NATO. Picking 10c a share would be a distant memory and we have a chairman with very large balls That’s why I’ve doubled my holding twice
IXR Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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