Ionic Rare Earths

MST Financial Services' Valuation on Ionic Rare Earths Remains Unchanged

MST Financial Services has published its most recent piece on Ionic Rare Earths (ASX:IXR) entitled, "4Q23: Production Begins of High Purity Rare Earth Magnet Oxides".


Additionally, MST Financial Services highlighted the company's Q4 FY23 results: "highlighting a healthy cash position of A$11.1m and a reduced quarterly cash burn of A$3.4m, down from the previous ~A$5m." The report also highlighted that the company will become a "cornerstone investor" in the acquisition of an Ionic Adsorption Clay deposit in Brazil by Virdis' (ASX:VMM). According to the report, "IXR opens avenues to capitalize on their expertise in Ionic Clay Deposits, forging valuable partnerships with firms that own such world-class deposits."

MST Financial Services' valuation on Ionic Rare Earths (ASX:IXR) remains unchanged at A$0.10/share.

Ionic Rare Earths' 60 percent owned Makuutu project is 120 kilometers away from Uganda’s capital city of Kampala and is considered the third-largest scandium resource globally, with the potential to produce many other in-demand REEs.

Click here for the full article from MST Financial Services.


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