Australia's Ionic Rare Earths rises on Brazilian JV securing land for facility

Ionic Rare Earths

17/07/2025 06:00

** Shares of Ionic Rare Earths Ltd IXR.AX rise as much as 16.7% to A$0.021, hitting their highest level since July 4; last up 13.9%

** Rare earths miner says its Brazilian JV, Viridion, has been granted land for constructing a centre for rare earth refining, recycling and innovation (CRITR)

** Says Viridion is seeking funding from Brazilian federal authorities for the centre, which will refine and recycle high-purity separated rare earth oxides

** Centre expected to be operational in H2 2026, co says

** About 67 mln shares change hands, 3x the 30 day avg trading volume of about 22.4 mln

** Stock has nearly tripled in value so far this year

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))