Ionic Technologieswill supply REOs to LCM, who will produce alloys for magnet production to be developed in Europe,with the sintered magnets to be supplied to Ford Technologies in Halewood, UK, to produce electricmotors for evaluation, demonstrating a UK magnet rare earth supply chain as part of a UKGovernment sponsored CLIMATES initiative.
Then later on the EV motor will be sent back to Ionic Tech from Ford and Rare Earth Oxides will be extracted again from the Permant Magnet from the EV completing the supply chain
Spent Magnet, Recycling to REO on to LCM to make Rare Earth Alloy Metals, on to Magnet Makers to FORD and back to IXR all part of the Feasability Study
IXR Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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