Ann: Mining Licence Signed for Makuutu Heavy Rare Earth Project, page-62

‘A tremendous achievement’

IXR Managing Director Tim Harrison said the formal award of the licence is a “tremendous achievement” by all stakeholders and enables discussions with potential strategic and supply chain partners to progress with the goal of bringing a new supply of magnet and heavy rare earths to market.

“Progress continues to be made at Makuutu’s Demonstration Plant, which will also be critical in de-risking the commercialisation of the Project through the production of value added, mixed rare earth carbonate (MREC) for our partners to qualify and validate,” Harrison said.
“It is an important step forward for Ionic Rare Earths in mining, refining, and recycling the heavy rare earths critical for the energy transition, advanced manufacturing, and defence.

“With the formal award of the mining licence in Uganda, it now reinforces the Makuutu Heavy Rare Earth Project as one of the world’s largest and most advanced development-ready heavy rare earth element assets, and we look forward to commissioning our Demonstration Plant at Makuutu.”