General Chat / Discussion, page-11036

note the wording in that extract above: " ...we are excited to now look to quickly replicate what we have been able to achieve in Belfast, to help CIT SENAI meet its initial NdFeB ambitions, "
and
"...and is positioned to become the first major producer of the full suite of refined magnet REOs in South America. "
and
"...“Our magnet recycling technology based in Belfast, UK is on a fast-track to commercialisation targeting UK/European markets. It is the potential replication of this technology into new markets in South America, North America and Asia that is extremely exciting for shareholders as we execute our global growth strategy, hyper-scaling this closed loop technology for the circular economy of the 21st century.”

and
"Ionic Technologies now has “first mover” advantage in the industrial elemental extraction of separated REOs from spent magnets and waste, enabling near term magnet REO production capability to satisfy growing demand from the energy transition, advanced manufacturing, and defence."

BCM said: "The facility plans to commence operation later this year and the Federation of Industries of Minas Gerais plans to grow production to 200 tonnes of magnets annually. "

So IMHO, that's all telling us that the Brazilian Govt agencies are going hell-for-leather to start producing magnets.
And that's all indicating that it will be the Viridian Recycling tech which will be the quickest to provide processed REE oxides to that Brazilian Magnet manufacturing operation.

And above it states "It is the potential replication of this technology into new markets in South America,"

So it looks like Viridion will look to construct a commercial recycling plant in Brazil.
Where will it get the funds for that?

Look at this extract from Meteoric ASX release:
"Led by Brazil’s government and the Brazilian Development Bank (BNDES), BIP plans to help scale energy transition investment from both public and private sectors, mobilise capital at scale, and ensure effective resource deployment to further the Brazilian government’s climate transition plans across key sectors. BIP will also seek to partner with multilateral development banks and environment and climate funds to finance nascent technologies and develop innovative financing structures."

Sp Brazil not only has these operational entities pushing the REE industry in Brazil, but it already has the Brazilian Development Bank "mobilising capital at scale" to get things moving.

IXR can only hint at what lies ahead - because nothing has been executed.
So we all need to try and read between the lines.