Just to add I thought the interview with Ionic Technologies Manager Thomas Kelly was excellent, talking about support from APC and Innovate UK and collaboration with LCM and Ford and Wind Turbines in Belfast this is a must watch, goes for 12mins just as important as the main Video.
Thomas Kelly, Director of Operations at Ionic Technologies, provides an insightful overview of the company's role in Belfast's emerging green energy ecosystem. Situated within the Belfast Harbour Estate, Ionic Technologies is at the forefront of rare earth recovery through magnet recycling, capitalizing on the growing offshore wind industry in the region. Kelly highlights the company's progress in producing high-purity rare earth oxides, including neodymium-praseodymium (NdPr), dysprosium, and terbium, from recycled wind turbine magnets.
The interview delves into the substantial support Ionic Technologies has received from UK government bodies, including the Advanced Propulsion Centre and Innovate UK, underscoring the strategic importance of rare earth recycling for the country's critical mineral supply chain. Kelly emphasizes the company's rapid technological advancement, its collaboration with industry partners like Ford, and its ambitious plans to scale up operations. With a target to commercialize their technology within two years, Ionic Technologies aims to play a crucial role in meeting the European Union's goal of 25% recycled content in rare earth magnets by 2030, significantly up from the current global recycling rate of around 1%.
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IXR Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
(20min delay)