(NewsDirect)
Ionic Rare Earths Ltd (ASX:IXR) managing director Tim Harrison sitsdown with Jonathan Jackson in the Proactive studio as the companyfields strong global interest in its Belfast Magnet RecyclingDemonstration Plant. Harrison discusses the upcoming productionschedule and the potential partnerships on the horizon. IonicRE issetting a robust pace with an 18-month production schedule leadinginto the third quarter of 2025. The plant has become a criticalshowcase, demonstrating Ionic's capability to offer secure,sustainable alternatives for magnet rare earth oxides (REO) at afraction of the capital and risk typically associated with new miningand refinery projects. This approach not only emphasisescost-efficiency but also significantly reduces technical anddeliverability risks. The company is witnessing growing demand forthis innovative recycling technology from supply chain participantsand original equipment manufacturers (OEMs). With the demand andcurrent production setup, Ionic is exploring options to expandcapacity. Harrison said in a recent announcement, "The demand forrecycled and high-quality REO products positions us uniquely in themarket, especially with our strategic location in Belfast, providingaccess to both European Union and United Kingdom markets." IonicRare Earths is in advanced discussions for potential commercialpartnerships that could leverage its technology for REO production,particularly focusing on recycling technologies like permanent magnetsfrom wind turbines. These developments could position Ionic as a keyplayer in reducing dependency on traditional REO supply chains,primarily dominated by China.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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