Looking good for maybe fully funded or very close, but there...

Looking good for maybe fully funded or very close, but there also could be many combinations with our partners with Definitive and Offtake agreements being all parts of the deal.

Ionic Technologies' Belfast rare earth magnet recycling plant faces competition for Automotive Transformation Fund (ATF) funding in the 2025/26 financial year. The ATF program maintains up to £850 million in total funding to support large-scale industrialization projects focusing on batteries, electric machines, power electronics, fuel cells, and upstream supply chains. Based on current commitments and budget analysis, there appears to be sufficient funding available for Ionic Technologies' £85 million commercial plant requirement.

















IMHO, RDYOR, The key success factors for Ionic Technologies include: the project's alignment with critical minerals strategy 2025, first-mover advantage in magnet recycling, established supply chain partnerships with EMR, LCM, VAC, and Ford UK, and the convergence of favourable policy timing with the Industrial Strategy 2025 and Critical Minerals Strategy 2025 releases.

Need to keep an eye out on Department for Business and Trade's request for a report on the Automotive Transformation Grants scheme, with publication scheduled by 24June 2025

https://www.gov.uk/cma-cases/referral-of-the-proposed-automotive-transformation-grants-scheme-by-the-department-for-business-and-trade



And the BIG PLUS



Totally 100%, Ionic Technologies can process and refine Separated High Purity Rare Earth Oxides Nd Pr Dy Tb Ho, plus they offer traceability, sustainability, and supply chain security—attributes that are increasingly valued by governments, OEMs, and end users in the West.