The more you delve into IXR ,The more inconsistencies that can be found , look's like Brett Lynch is right at home.
“Our Belfast plant is now the first producer of recycled separated magnet REOs in the Western world. We are now moving rapidly to commercialise rare earth separation, refining, and recycling, with planned commercial-scale production likely within just two years, offering investors direct exposure to heavy rare earths market growth.” IonicRE’s Executive Chairman Brett Lynch said.'
https://hotcopper.com.au/news/asx-news/148258/ionicre-belfast-plant-attracts-magnetic-rare-earths-recycling-interest/
First movers to recycled separated magnet REOs in the Western world as below.
Hanau/Bitterfeld-Wolfen, May 14th 2024 - The technology company Heraeus has started production at Europe's largest recycling plant for rare earth magnets. The new plant in Bitterfeld has a processing capacity of up to 600 tons per year, which can be increased to up to 1,200 tons in the medium term. Heraeus Remloy is thus positioning itself as a key player in the sustainable circular economy and securing access to critical raw materials for the European high-tech industry. Heraeus aims to offer European magnet producers and users a reliable, local source of rare earth iron boride powders for the production of environmentally friendly, high permanence magnets.
https://www.heraeus.com/en/landingspages/hrm/company_2/news_and_press/newsandpress.html
HyProMag was founded in 2018 by the late Professor Emeritus Rex Harris, former Head of The Magnetic Materials Group (“MMG”) within the School of Metallurgy and Materials at the University of Birmingham; Professor Allan Walton, current Head of the MMG; and two Honorary Fellows, Dr John Speight and Mr David Kennedy, leading world experts in the field of rare earth magnetic materials, alloys and hydrogen technology, with significant industry experience.
Following a transaction completed in August 2023, HyProMag is 100% owned by Maginito Limited, a 90% owned subsidiary of UK and Canada listed, Mkango Resources Ltd (TSXV/AIM:MKA). The core technology being commercialised by HyProMag is the highly energy efficient, patented Hydrogen Processing of Magnet Scrap (“HPMS”) technology to extract and demagnetise NdFeB (neodymium iron boron) alloy powders from magnets embedded in scrap and redundant equipment.
https://hypromag.com/
The start-up Cyclic Materials will supply recycled mixed rare earth oxides to Solvay’s rare earth separation plant in La Rochelle, France. Nearly all rare earths—needed to make powerful magnets for electric motors—are separated and turned into magnets in China. In early June, Cyclic opened a facility in Ontario that can recycle 100 metric tons of rare earth magnets per year. Solvay hopes to start selling separated neodymium and neodymium-praseodymium oxides in 2025.
https://cen.acs.org/environment/recycling/Solvay-separate-rare-earths-recycled/102/i19?sc=230901_cenrssfeed_eng_latestnewsrss_cen
Chromatographic approach
Another hydrometallurgical recycler, US firm ReElement, uses continuous chromatography, a method applied in the sugar industry to separate glucose and fructose but not used by anyone else for rare earth recycling, CEO Mark Jensen told Fastmarkets.
After automatic dismantling and leaching, mixed rare-earth-containing liquid is put through a continuous chromatography process to separate the elements, Jensen said.
ReElement’s chromatography process involves the rare earth mix being introduced into columns loaded with specialised resin, which gets washed with a solution to create layered separation of rare earth elements and to process them into high purity oxides later, the company told Fastmarkets.
ReElement’s rare earth recycling facility in the US will start up in the second half of 2024, with planned capacity of 1,000 tonnes of oxides a year, Jensen told Fastmarkets. The company has a sales agreement to supply purified rare earth oxides to local junior producer USA Rare Earth, ReElement said in March.
https://www.fastmarkets.com/insights/rare-earth-magnet-recycling-technology-branches-out/
US company Okon Recycling is using the direct recycling method for end-of life magnets, which involves demagnetizing, dismantling, harvesting and prepping rare earth magnets to be reused, Louis Okon, the company’s president, told Fastmarkets.
Its output is “hundreds of tonnes of rare earth magnets per year” and recycled magnets are often reused in a similar product by the original equipment maker (OEM), Okon said. Unused magnets are supplied as recycling feed for companies utilizing more resource-intense magnet manufacturing options, he added.
“Direct recycling utilizes the least number of resources to generate a finished product,” Okon said.
https://www.fastmarkets.com/insights/rare-earth-magnet-recycling-technology-branches-out/
(20min delay)