This deal with VAC and LCM, is in fact, an Offtake Agreement.
And also a Supply Agreement.
And its with a Tier 1 customer.
VAC supplies magnetic feedstock to IXR, IXR produces REE oxides, LCM converts oxides to metal alloys to VAC specs, then LCM sells metals to VAC.
So IXR has a revenue stream.
I have no idea what the quantities involved are?
The quantities may be small - it may be on a demonstration scale.
But the significance of this agreement is that it is a small version of what is to come.
The market is huge.
This deal with VAC and LCM, is in fact, an Offtake Agreement....
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Last
2.1¢ |
Change
-0.002(8.70%) |
Mkt cap ! $113.9M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.6¢ | 2.1¢ | $1.347M | 58.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8545722 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 465016 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| IXR (ASX) Chart |