Ionic Rare Earths’ Recycling Technology Will Secure Supply Chains Outside China, Exec Says

“Producing heavy rare earth magnets from both primary and secondary sources enables us to be an early mover in helping develop the source of material for the downstream supply chain to mature,” said Ionic Rare Earths Managing Director Tim Harrison.

Ionic Rare Earths (ASX:IXR) subsidiary Ionic Technologies will enable the company to provide an alternative source of magnet rare earths to the global battery supply chain, according to Ionic Rare Earths Managing Director Tim Harris.

Ionic Technologies recently signed landmark partnership agreements with Ford Technologies, Less Common Metals and the British Geological Survey to create a UK rare earths supply chain from recycled magnets, which Harrison said could set the stage for production at the company's Makuutu rare earths project in Uganda.

The UK government will support said partnerships via a GBP 1 million project — an opportunity to provide an alternative source of magnet rare earths to be converted into metals and alloys, Harrison explained. “This can be handed across to magnet manufacturers to produce sintered magnets (and) permanent magnets to go into electric vehicles.

“Once those relationships have been developed, we’ve got a large ionic adsorption project (to) bring to production very quickly to source that larger demand that will come once the capacity exists outside of China,” he added.

Ionic Rare Earths is advancing its 60 percent owned Makuutu project in Uganda, which contains 71 percent magnet and heavy rare earths deposits.

Watch the full interview with Ionic Rare Earths Managing Director Tim Harrison above.

Disclaimer: This interview is sponsored by Ionic Rare Earths (ASX:IXR). This interview provides information which was sourced by the Investing News Network (INN) and approved by Ionic Rare Earths in order to help investors learn more about the company. Ionic Rare Earths is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Ionic Rare Earths and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

IXR:AU

asx stocks asx:ixr rare earth exploration rare earth stocks rare earth investing