Ionic Rare Earths and Ionic Technologies have received funding from the Advanced Propulsion Centre (APC) in the UK to support their efforts in developing sustainable rare earth supply chains and magnet recycling technologies. This funding is part of the APC's mission to accelerate the transition to net-zero emissions in the automotive industry by supporting innovative technologies and supply chain solutions.
Ionic Technologies has received $10 million AUD in funding from the UK government through the Advanced Propulsion Centre (APC) as part of the Automotive Transformation Fund (ATF). This funding is aimed at supporting the development of their innovative rare earth magnet recycling technology, which is critical for creating a sustainable supply chain for electric vehicles (EVs) and other clean energy technologies.
IXR Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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