Ionic Rare Earths feasibility study results

Ionic Rare Earths (ASX:IXR) has completed a positive feasibility study for a Rare Earth Oxide manufacturing facility in Belfast, UK. The study highlights strong financial prospects for a rare earth magnet recycling business. This initiative aims to provide the UK with a sovereign supply chain capability. Construction is expected to begin in late 2026, with operations starting in early 2027.

Key insights and future outlook for Ionic Rare Earths

Ionic Rare Earths has announced a promising feasibility study for a new facility in Belfast, UK, focused on recycling rare earth magnets. The project promises significant financial returns, with an NPV7.5 of US$502 million and a 43.6% IRR. The initiative aims to strengthen the UK’s supply chain by providing a local source of rare earth materials, supported by the UK Government. This aligns with broader efforts to reduce dependence on Chinese supplies and advance Western net-zero goals. The company plans to expand this model globally, leveraging strategic locations and lower operating costs. Through innovative technology and key partnerships, IonicRE is poised to play a critical role in shaping a sustainable and circular economy in the rare earths sector.

Executive commentary on Ionic Rare Earths' strategy

This study underpins our strategy to establish a sustainable and secure supply of rare earth elements, reducing reliance on external sources.