Ionic Rare Earths Powers Global Expansion with Green Tech and Strategic Projects

May 02, 2025 02:13 PM AEST | By Team Kalkine Media

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Ionic Rare Earths Powers Global Expansion with Green Tech and Strategic Projects — Image source: Shutterstock

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Highlights

Magnet recycling tech cuts CO₂ emissions by up to 61%

Strategic rare earths progress in UK, Uganda, and Brazil

Potential boost from UK and Brazilian government support

Ionic Rare Earths (ASX:IXR) continues to strengthen its global position in the rare earths sector, reporting significant developments during the March 2025 quarter across its key projects and partnerships in the UK, Uganda, and Brazil. This includes advancements in low-emission technologies and progress toward commercial-scale operations.

At the heart of its innovation, Ionic Technologies—its Belfast-based subsidiary—received positive validation for its patented magnet recycling process. A Life Cycle Analysis conducted by Minviro confirmed that this technology can cut carbon dioxide emissions by up to 61% when compared to traditional rare earth oxide (REO) supply chains. This environmentally focused advancement paves the way for the launch of its MagNetZero™ platform, aimed at supporting carbon-accountable magnet supply solutions globally.

In a strategic move to further strengthen its supply chain presence, Ionic Rare Earths signed a memorandum of understanding with South Korea’s DNA Link to explore collaboration in rare earth recycling. This alliance complements South Korea’s growing magnet production industry, positioning the company for integrated growth.

In the United Kingdom, the company is progressing toward the commercialisation of its Belfast magnet recycling plant. Regulatory approvals are anticipated in 2025, with the aim to make a final investment decision the same year and commence production by 2027. Ionic Rare Earths is also actively engaging with the UK Government and Advanced Propulsion Centre for potential grant opportunities, in addition to maintaining commercial discussions with key partners in the magnet industry.

Meanwhile, the Makuutu Heavy Rare Earths Project in Uganda remains a critical asset, especially in the wake of China’s tighter rare earth export restrictions. The Makuutu deposit is uniquely positioned with approximately 45% of its REO basket comprising medium and heavy rare earth elements—resources that are vital for high-performance technologies. Ionic Rare Earths is currently in talks with the Mineral Security Partnership and potential offtake partners to support further development.

In Brazil, IonicRE’s joint venture with Viridis Mining and Minerals (ASX:VMM)—called Viridion—is making headway with plans to develop pilot facilities for REO refining and recycling in Minas Gerais. These initiatives are backed by Brazilian state entities, aligning with national interests in strategic mineral development and tapping into Brazil’s cost-effective production capabilities.

As the demand for rare earths rises, Ionic Rare Earths' integrated and low-emission strategies may place it in a favorable position within sectors tied to electrification, clean energy, and advanced manufacturing—trends closely monitored by investors in ASX dividend stocks and broader ASX200 market movements.

Financially, the company ended the quarter with a reduced half-year net loss of A$4.76 million (compared to A$15.16 million as of December 31, 2023) and has scheduled its next general meeting for May 16, 2025.

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