Ionic Rare Earths announced a 50:50 joint venture with Viridis Mining and Minerals (ASX:VMM).

The joint venture will focus on setting up a rare earth separation, refining, and recycling facility in Brazil, utilising Ionic Technologies' advanced separation technology.

The partnership will leverage Viridis’ high-grade ion adsorption clay deposit at the Colossus Rare Earth Project in Brazil, with IonicRE providing expertise in separation technology for successful commercial operations.

The collaboration accelerates both companies' strategies, positioning them as leaders in supplying critical resources for the energy transition and reducing reliance on Chinese rare earth supplies.