Australia's Ionic Rare Earths gains on first production at Uganda project

Ionic Rare Earths

12/03/2024 23:36

** Shares of Australia's Ionic Rare Earths  IXR.AX  rise as
much as 10.5% to A$0.021, their biggest intraday pct gain since
March 6
    ** The non-gold precious miner produces first quantities of
mixed rare-earths carbonate (MREC) at its majority-owned Makuutu
Heavy Rare Earths project in Uganda
    ** Around 4 mln shares change hands, vs 30-day average
volume of 5.4 mln shares
    ** IXR stock down 26.9% YTD, as of last close   

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))