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.