so EMR is a big company - and they are prepared to partner with little Ionic in the supply of feedstock.
So that says a great deal that here is IXR, with very little cash, no funding yet for the development of Belfast, and as yet, no Offtakes, no big brother investors etc.
EMR about 3 Billion pounds of revenue, and 4,000 employees world wide! And that back in 2019. A multi-national big hitter.
But its got a viable and open demonstration plant to provide evidence of its tech and ability to provide UK and the West with a secure and transparent supply of 99.5% rare earths free of the China shackles.
This MOU provides another confirmation of the CREDIBILITY of the IXR offering to the Rare Earth industry, to customers, and to Govts around the world.
Even though this is an MOU, a big company like EMR simply would not put its name in writing, on the line, unless they were very confident of a positive outcome.
AGAIN - we are waiting on the UK Govt to confirm its support for Belfast and Ionic's tech by way of a Grant, and/or funding from the National Wealth Fund.
Confirmation of that funding is the clincher - it will fully open the doors to usher in Investors, J/V Partners, Equity partners and debt providers.
Without a doubt, the USA is screaming for R/E, and the additional credibility of the UK Govt funding, whatever the size, will signal a headlong rush of investor funding and business opportunities from USA operators.
Hold on to your hats !!!
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Price($) | Vol. | No. |
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