IMHO, this J/V deal is no different to the thinking behind the...

IMHO, this J/V deal is no different to the thinking behind the J/V in the O&G industry.
It spreads the risks - production risks, construction risks, technology risks, geographical risks, funding risks etc etc.
What is obvious from the release, is that the two companies focused on the country risk and political risk, in that they chose Brazil, because of its demonstrated intent of promoting and fast-tracking the development of REE supply chains in Brazil. The release labours that point. Note they are not proposing Uganda to build the plant.
What this does, is not only spreads the risk and halve the capital required by IXR, but it brings some credibility to the proposal and project.
I reckon it will ease IXR pathway to FID and commercialisation.
BIG NOTE: Both companies clearly rate the Ionic Tech Belfast separation technology. I did not realise that the tech was transferable from a recycling tech/operation, to a base MRECD separation and refining operation.
Thats BIG - because I always understood that the refining process was very involved and very expensive - but these guys seem to have resolved that issue.
*** I think each J/V party can market their own refined share of the product produced from the J/V???

Watch for MOU's, and or Offtakes to be announced.

I don't understand why the SP dropped?