IXR

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1.0¢ ionic rare earths limited

Wow, finally Skijapan posts something of genuine concern and not...

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DrSanchez

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03/06/23

21:38

Post #: 68117459
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Originally posted by skijapan: ↑

Mining Crisis Threatens the People of ROWAN
May 2022 (SCROLL DOWN FOR LATEST UPDATES)
Our region is being directly threatened by a private mining company called Ionic Rare Earths, locally called Rwenzori Rare looking to extract minerals from the soil under ROWAN. This mining project is called, “The Makuutu Project.” From recent reports from Ionic:
“Makuutu is owned 100% by Ugandan registered Rwenzori Rare Metals Limited (RRM) which at the time was owned 85% by South African registered Rare Earth Elements Africa Proprietary Limited (REEA). IonicRE has entered into a binding option agreement with both companies that enables it to acquire up to a 60% direct interest in RRM, and thereby up to a 60% indirect interest in Makuutu. It was announced on Ionic’s website in April that:
March 2023
A note from Co-Founder
What is going on with the mining process? Good News to Report: The Attorney General has enforced a law that before a mining license can be issued to the mining company, they MUST show a Resettlement Action Plan (which they have yet to reveal), AND fully compensate every household affected by the mining prior to obtaining the license!
This has caused a huge standstill and frustration for the mining company, who assumed they could move forward without those actions in place. Now, we wait and see what the mining company presents in their resettlement plan Draft.
What have the Christmas funds supported this year?
The funds have secured our legal team for 2023, as well as supported large meetings with key stakeholders and leaders in the government to ensure the rights of the people are prioritized.

https://loverowan.org/mining

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Wow, finally Skijapan posts something of genuine concern and not just anti-ixr fluff.

I wonder when Timbo was thinking of mentioning this predicament to shareholders? Has anyone here actually successfully made private contact with the company regarding concerns with the delay and overall awarding of the mining licence?

Sentiment changing from Hold to None.

Last edited by DrSanchez: 03/06/23

IXR Price at posting: 2.4¢ Sentiment: None Disclosure: Held
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Wow, finally Skijapan posts something of genuine concern and not...

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Wow, finally Skijapan posts something of genuine concern and not...

Top Stories

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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