Ionic Rare Earths' milestone in high purity terbium oxide production

Ionic Rare Earths Limited (ASX: $IXR) has achieved a significant milestone by successfully separating and producing high purity terbium oxide (Tb4O7) at its wholly owned subsidiary, Ionic Technologies' Belfast plant. The production of approximately 2.8 kg of Tb4O7 of greater than 99.5% purity demonstrates the company's advanced capability and capacity to meet the growing global demand for heavy rare earth elements (HREEs). Ionic Technologies' Demonstration Plant is set to commence separated magnet rare earth oxide (REO) production on a continuous basis before the end of the month, further solidifying the company's position as a leader in the sector.

Executive commentary on high purity terbium oxide production

Ionic Rare Earths' Executive Chairman, Mr Brett Lynch, emphasized the significance of the achievement, stating, 'This is another significant milestone for IonicRE, solidifying IonicRE as a leader in this sector as we look to build a secure and sustainable Western supply chain for the wind power and other key clean energy industries.' Mr Lynch highlighted the importance of producing these elements to high purity from waste materials, representing a win for the industry and an opportunity to disrupt how Western markets access heavy REOs. He also noted the increasing global demand for secure and traceable heavy REOs, especially dysprosium and terbium, and the company's capability to meet this demand.

Summary of high purity terbium oxide production and outlook

Ionic Rare Earths' successful production of high purity terbium oxide marks a significant advancement in the development of a Western supply chain for energy transition industries. The company's capability to produce these elements to high purity from waste materials demonstrates its commitment to providing resilience to supply chains as part of a new economy in strategic raw materials for global decarbonization. With the Demonstration Plant expected to commence continuous production of separated magnet REOs, Ionic Rare Earths is well-positioned to meet the increasing demand for heavy REOs. The achievement also aligns with the company's ambitions to create sustainable and traceable magnet and heavy rare earth products critical to applications such as electric vehicles, offshore wind turbines, communication, and defense initiatives. Ionic Rare Earths' focus on commercializing its technology globally reflects its commitment to supporting climate-friendly energy sources and contributing to the circular economy.