Advancement of Sustainable Rare Earth Supply Chains

Ionic Rare Earths Limited (ASX:IXR) has made significant progress in the development of sustainable, traceable, and sovereign magnet rare earth supply chains. The company, through its subsidiary Ionic Technologies, is nearing the completion of a Feasibility Study for magnet recycling at its Belfast plant, targeting the development of a low-cost operation producing high-margin heavy rare earth oxides (REOs) for the Western market.

Executive Commentary on Feasibility Study and Cost Efficiencies

The Managing Director, Tim Harrison, emphasized the importance of the Feasibility Study in engaging with the UK Government and stakeholders, anticipating offtake contracts, construction funding, and a final investment decision (FID) for the commercial plant upon its completion. The Executive Chairman, Brett Lynch, highlighted the potential for shareholder returns as Ionic Rare Earths pioneers profit in the sector, unlocking a new supply chain with customers in the West seeking an alternative, secure, and traceable supply. He also stressed the exceptional cost performance on recycling, positioning the company to seize industry leadership and de-risk through de-mining.

Summary of Advancements and Outlook

Ionic Rare Earths (ASX:IXR) is on track to become the first major producer in the Western world of recycled separated magnet rare earth oxides, addressing the rising demand from the clean energy transition. The completion of the Feasibility Study is expected to pave the way for offtake contracts, construction funding, and commercial-scale production as early as 2026. The company's focus on cost efficiencies and securing funding for near-term objectives demonstrates its commitment to shareholder value. With substantial feedstock supplies available from the UK and EU, Ionic Rare Earths is well-positioned to capitalize on the circular permanent magnet supply chain, offering excellent sustainability metrics and material traceability. The company's ambitions to expand its recycling business globally and its joint venture opportunities signify a promising outlook for its corporate strategy and the announcement.