Australia's Ionic Rare Earths jumps on likely grant of Mining in Ugandan

Ionic Rare Earths

05/09/2023 04:14

** Shares of Ionic Rare Earths  IXR.AX  rise as much as
33.3% to A$0.024 - highest level since July 17 
    ** Stock last up 22.2%, set for best day since May 26, 2021,
if gains hold
    ** Rare earths miner says Ugandan Government has approved
and gazetted its updated Mining and Minerals (Licencing)
Regulations 2023
    ** Adds that Ugandan government decision now expedites the
award of the mining licence at offshore Makuutu Project in
Uganda
    ** More than 29.3 mln shares change hands, 5.3 times the
30-day average
    ** Stock has fallen 45.5% this year as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))