absolutely right Koproskilo - IXR mgt and board have been telling shareholders via ASX for months of their plans and expectations for IXR Tech. They have spoken about Tech expanding globally, into USA, Asia and Europe. They have mentioned Korea and Japan multiple times.
So no secrets there.
It's only a question of time and progress.
Frankly this MOU with DNA is a progression of the Vacuschmenlze deal.
VAC is to supply swarf and spent magnets etc to Belfast as feedstock.
Belfast then sends REO to LCM, who turn to metals, which then goes back to VAC, who then turns to magnets for delivery to Ford.
All that process is IMHO, a real-life trial for VAC/Ford to assess product.
DNA MOU is not much different.
Clearly the Koreans wish to undertake the same process, so that they can assess the product and the process, and the costs etc. DNA has a magnet making facility in Korea, and are building one in USA.
Ergo, whats the bet that upcoming DNA USA operations will jump at chance to lock-up Ionic Tech in USA if they are happy with the outcome of this current MOU ???
USA IMO is a certainty - just who and when.
IMHO, the funding pool in USA is way, way deep. If they can get commitments from Offtakers and producers in USA, then funding will be plentiful.
USA has thousands of old wind turbines.
Trump is right behind made-in-USA.
Trump is jumping to get rid of China dependency.
US States are clamoring for business - just look at support US has given to Lynas.
So as IXR keeps saying, IXR is at forefront of recycling process, and more importantly, IXR can deliver REE to end users, free of China, fully transparent, green, and cheaper than mining the REEs.
AND we can now see that process happening. That MOU is another brick in the wall !!!
Good stuff.
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