''The Joint Venture will have exclusive rights to use IonicRE’s magnet recycling technology in Brazil. IonicREwill retain the IP for magnet recycling which is not included in the JV excluding Brazil.''
Which other part are you reading? I've only managed to skim it at work, but found this bit for the recycling side of things.
Ann: IXR and VMM to form REE Refining and Recycling JV in Brazil, page-24
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