Ionic Rare Earths Limited (AU:IXR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ionic Rare Earths Limited has applied for a significant UK government grant to establish a commercial REO recycling plant in Belfast, aiming to pioneer recycled magnet production in the Western world. The facility, backed by a promising feasibility study, is expected to play a crucial role in the UK’s energy transition and regional growth, with potential financial support aligning with the UK government’s circular economy goals. This financial move could significantly reduce the equity needed for the project, attracting strategic investors and advancing towards a final investment decision in 2025.
For further insights into AU:IXR stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- A New “Anti-Woke ETF” Takes Aim at Starbucks (NASDAQ:SBUX)
- Ford (NYSE:F) Plans New EV Plant Close to Nickel
- The Gelsinger Post-Mortem Starts at Intel (NASDAQ:INTC)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
