Ionic Rare Earths aims to further commercialise its recycling technology while collaborating with industrial partners to integrate lower-carbon REEs into supply chains.
The company is actively engaging with offtakers to quantify and implement these emission savings in manufacturing processes.
Executive chair Brett Lynch said: “Ionic Technologies has now proven it can not only produce separated REOs through magnet recycling, but also offer sustainable carbon emission reduction benefits that are unavailable to conventional producers.
“This sustainability together with security of supply offers a compelling solution for governments and businesses seeking an ex-China supply chain, whether in the UK, Europe, Brazil or Asia.
“Notably, the UK and Europe’s drive to enhance defence production, as shown by the 1.6 billion UK pound investment in Thales’ Belfast missile factory*, only further highlights the need for sovereign rare earths supply.
“Belfast is becoming a key part of the UK/European defence industry and Ionic Technologies is located at the heart of this critically important sector, delivering new jobs and investment for Belfast while strengthening the UK and Europe’s security amid an increasingly uncertain strategic environment.”
The company has already secured UK government backing for its initiatives and is progressing plans for further expansion, including its recent joint venture refinery project in Brazil.
IXR Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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