IXR - Ionic Rare Earths

[Boggo]

Good to see that it’s finally moved (@Sean K).

 

[JuliusMasximus]

Hey guys, just giving my opinion on this REE company and to why we might see some gains next month.

This month it applied for a mining licence to start work at Makuutu, Africa. It was applied for quite ahead of schedule and I'm hoping we get approval and a rerate of the current SP by the end of next month.

I'll leave attached their timeline for anyone interested. Cheers gang.

 

[Dona Ferentes]

IonicTech is the rebranded 100% owned subsidiary (formerly Seren Technologies Ltd) based in Belfast UK, which the Company acquired earlier in 2022. IonicTech has developed rare earth element separation and refining technology and applied this to the recycling and refining of individual magnet rare earths from spent
permanent magnets.

Over the past quarter significant progress has been made at our newly established facility in Belfast, UK, which is progressing on schedule, with the new facility now home to the expanding team.

The new facility has been equipped with analytical and hydrometallurgical laboratories, plus piloting and demonstration plant bays to progress the scale-up verification of the technology.

Additionally, the team is being expanded in Belfast to accelerate the work streams with current plans for commissioning of the demonstration plant expected in late Q1 2023, and first recycled rare earth oxide (REO) products produced by the end of Q2 2023.

- also gets a mention in a Stockhead article:

Not all ionic clay rare earths deposits are created equal. Here’s why ASX investors need to read the fine print - Stockhead

A simple lab test is required to see if an ionic clay REE deposit is a doozy or a dud -- yet the number of stocks doing it is abysmally small.

stockhead.com.au

 

[Dona Ferentes]

This month it applied for a mining licence to start work at Makuutu, Africa. It was applied for quite ahead of schedule and I'm hoping we get approval ....by the end of next month

took a bit longer ...
.
MAKUUTU HEAVY RARE EARTH
PROJECT MINING LICENCE SIGNED
BY UGANDAN GOVERNMENT
• The Ugandan Minister of Energy and Mineral Development has signed and issued Large Scale Mining Licence 00334 for the Makuutu Heavy Rare Earths Project;
• This mining licence approval is the first large scale mining licence awarded in Uganda;
• Award of the mining licence brings on further supply chain and off-taker engagement, and positions Makuutu for targeted Final Investment Decision later in 2024 and first production in 2026;
• The Demonstration Plant at Makuutu continues to advance, with first Mixed Rare Earth Carbonate production on track for Q1 2024;
• Ugandan Directorate of Geological Survey and Mines has also announced approval for renewal of highly prospective Exploration Licence 00147, covering the majority of the Company’s existing exploration target; and
• Makuutu is the most advanced Ionic adsorption clay project in development today with product not committed to China and will supply new supply chains looking to decouple from existing sources.

I'll leave attached their timeline for anyone interested.

.
Market cap $90 million
...... three year chart

.
Ionic expects the mine to run for a minimum of 35 years, producing a 71% rich magnet and heavy rare earth carbonate product basket, but said the asset presents significant potential for scale up through additional tenements

 

[Dona Ferentes]

shares are 2c ... market cap $80m

FIRST MIXED RARE EARTH CARBONATE PRODUCED AT MAKUUTU​

• Major milestone of the first production of Mixed Rare Earth Carbonate from its newly commissioned Demonstration Plant on site at Makuutu in Uganda;
• MREC produced from Makuutu is rich in both magnet and heavy rare earth
elements, and presents a key alternative, strategic future source for
supply constrained Dysprosium (Dy) and Terbium (Tb), from which ~98% of global supply comes from China;
• Production of MREC advances further supply chain and off-taker engagement, providing sample product for customers and strategic partners to evaluate, and positions Makuutu for targeted Final Investment Decision later in 2024 and planned full commercial production in 2026;
• The Demonstration Plant facility at Makuutu continues to advance, with additional MREC production from the Phase 1 activity scheduled for the remainder of H1 2024;
• Major Milestone achieved within two months of being awarded its large-scale mining licence and nine months since breaking ground on facility in Uganda; and
• MREC production reinforces Makuutu as the most advanced Ionic adsorption clay project in development today, with product not committed to China and will supply new supply chains looking to decouple from existing sources.

 

[Dona Ferentes]

shares are 2c ... market cap $80m

FIRST MIXED RARE EARTH CARBONATE PRODUCED AT MAKUUTU​

shares are 1c
...
and if they're looking further afield, it's a fair call that Ugandan efforts are sub-economic.

BRAZILIAN JOINT VENTURE VIRIDION SIGNS MOU WITH SENAI FEIMG TO ESTABLISH SECURE BRAZILIAN MAGNET SUPPLY CHAIN​

Viridion integration into Brazilian rare earth market to facilitate near term NdFeB magnet production capacity
• IonicRE joint venture with Viridis Mining and Minerals Ltd (ASX: VMM), “Viridion” signs Memorandum of Understanding with SENAI FIEMG Innovation and Technology Centre of Minas Gerais, owner and operator of Lab Fab, the first rare earth magnet laboratory in South America;
• Transformational JV agreement has Viridion strategically placed to become the first Brazilian producer of refined Rare Earth Oxides from either a Mixed Rare Earth Carbonate or from recycling of spent magnets using IP from IonicRE’s 100% owned UK subsidiary, Ionic Technologies;
• Viridion to launch Scoping Studies for the REO Refinery and Magnet Recycling facilities in January 2025, following Viridis completing production of MREC from its Southern Concessions at Colossus;
• Several potential locations under review to support pilot plants for both the REO Refinery and the magnet recycling facilities near existing Viridis operations in Poços de Caldas, Minas Gerais;
• Agreement to target developing rare earth magnets at Lab Fab facility in Lagoa Santa, Belo Horizonte, an immediate and near-term local source of magnet REO.

Ionic Rare Earths Limited is advancing its integration into the Brazilian magnet supply chain, with the Company’s Viridion joint venture with Viridis Mining and Minerals (ASX:VMM) signing a five-year Memorandum of Understanding with SENAI FIEMG Innovation and Technology Centre, owner of Lab Fab, South America’s first rare earth magnet laboratory.

Signed recently in Perth, Western Australia during a state visit, the agreement establishes a basis for cooperation between Viridion and SENAI Regional Department, with a view to jointly develop an produce rare earth magnets at Lab Fab, in the Brazilian state of Minas Gerais, by identifying activities of common interest between the parties:
• Supply of raw materials by Viridion for pilot production of rare earth magnets;
• Promote actions to strengthen the parties and, consequently, their relations with industries interested in these technologies;
• Develop joint projects of applied research, assessment activities, experiments, training, consulting and specialised technological services;
• Implement other joint activities and programs, as well as pilot and experimental programs in areas and subjects of mutual interest and benefit that may be agreed upon between the parties.