Ionic Rare Earths (ASX: IXR) — Company Overview, News & Financial Data
Ionic Rare Earths is an Australian mining and industrial technology company focused on the extraction, refining, and recycling of heavy and magnet rare earth elements.
Ionic Rare Earths
Ionic Rare Earths is an Australian mining and industrial technology company focused on the extraction, refining, and recycling of heavy and magnet rare earth elements. The company develops the Makuutu Heavy Rare Earths Project in Uganda, an ionic adsorption clay deposit containing critical heavy rare earths such as dysprosium and terbium. Through its wholly owned subsidiary Ionic Technologies in Belfast, United Kingdom, it operates a demonstration plant recycling end-of-life permanent magnets into high-purity separated rare earth oxides. Additionally, through the Viridion joint venture, the company aims to establish magnet recycling and processing capabilities in Brazil, supporting circular supply chains for clean energy and defense.
Snapshot
Operations
Products and/or services of Ionic Rare Earths
- Heavy Rare Earth Deposit Mining: Development of ionic adsorption clay deposits in eastern Uganda, extracting critical heavy rare earth elements including dysprosium, terbium, neodymium, and praseodymium for global supply chains supporting electric vehicles, wind turbines, and advanced electronics manufacturing.
- Permanent Magnet Recycling Facilities: Operation of a demonstration recycling facility and planning of a commercial plant in Belfast, United Kingdom, processing spent permanent magnets and pre-consumer magnet scrap into separated, high-purity rare earth oxides using hydrometallurgical separation processes.
- South American Joint Venture Processing: Development of a rare earth oxide refinery and magnet recycling plant in Minas Gerais, Brazil, operating via a joint venture model to establish closed-loop supply chains and process regional permanent magnet feedstocks.
- High-Purity Separated Rare Earth Oxides: Refining and supply of separated rare earth oxides exceeding 99.9% purity, specifically targeting dysprosium, terbium, neodymium, and praseodymium oxides recovered from magnet recycling streams and ionic clay mineral concentrates for industrial customers.
- Sustainable Magnet Processing Technology: Commercialization and deployment of patented hydrometallurgical recycling technology, offering sustainable, low-carbon separation processes that achieve up to 61 percent emissions reductions compared to conventional primary rare earth oxide production chains.
Ionic Rare Earths executive team
- Mr. Brett Laurence LynchExecutive Chairman
- Mr. Timothy Joseph Harrison B.E.MD, CEO & Executive Director
- Mr. Warren Tregurtha CFAActing Chief Financial Officer
- Mr. Mark Andrew Licciardo B Bus (Acc), FCIS, FGIA, GAICD, GradDip CSPCompany Secretary