Australia's Ionic Rare Earths rises on deal to build Missouri magnet facility

Ionic Rare Earths

03/09/2026 01:37

** Shares of Ionic Rare Earths IXR.AX rise as much as 13% to A$0.39, their highest level since June 25
** Company's U.S. unit and US Strategic Metals enter joint venture to construct magnet recycling facilities in Missouri
** Shares post their biggest intraday pct gain since August 31
** YTD, shares down 12.8%

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))