Australia's Ionic Rare Earths rises on first rare-earths output in UK plant

Ionic Rare Earths

19/06/2023 02:53

** Shares of Ionic Rare Earths Ltd  IXR.AX  rise as much as
4.8% to A$0.022, their sharpest intraday pct gain since June 1
    ** The rare-earths miner says production of recycled magnet
rare-earths oxides has started at Ionic Technologies
Demonstration Plant in Belfast, UK
    ** Adds 4.2 kgs of 99.7% grade of the light rare-earths
Neodymium Oxide (Nd2O3) have been produced
    ** Ionic stock down 36.4% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))