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22/04/22

10:07

Post #: 60962808
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Originally posted by Rexy789: ↑

IXR great announcement this will drive it forward for the next twelve months

22 April 2022

IONICRE COMPLETES ACQUISITIONOF SEREN TECHNOLOGIESIonic Rare Earths Limited (IonicRE or the Company) (ASX: IXR) is pleased to advise that it hasreceived formal advice from the UK Government Investment Security Unit (ISU) that it has approvedthe acquisition of Seren Technology Limited (SerenTech) under the National Security andInvestment (NSI) Act 2021 (the Act).
Following this formal approval, all conditions to the acquisition of SerenTech have been completed.SerenTech is commercialising technology using ionic liquids for separation and refining of rare earthelements (REE), which includes the full cohort of the proposed basket from Makuutu, consisting ofthe lanthanides series, Lanthanum (La), to Lutetium (Lu), plus Scandium (Sc) and Yttrium (Y).
The acquisition of SerenTech, based in Belfast, UK, greatly complements IonicRE’s strategy ofbecoming a vertically integrated participant in the formation of new magnet and heavy rare earthsupply chains emerging across Europe and North America.
IonicRE will integrate SerenTech into IonicRE with initial activities focusing on the following keyactivities over the next 12 months;

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read their sub forum. was already mentioned 2 days ago.. no one excited not new news
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