Australia's Ionic Rare Earths rises on rare earths find in Uganda project

Ionic Rare Earths

02/10/2023 03:51

** Shares of Ionic Rare Earths  IXR.AX  rise as much as 8.7%
to A$0.025, set for best day since Sept. 19, if gains hold
    ** Mineral explorer reports positive assay results for its
Makuutu heavy rare earths project in Uganda
    ** Co says it achieved rare earth intersections in 26 of 31
drill holes
    ** Co's local Ugandan operating entity is handling
development at the Makuutu Heavy Rare Earths Project
    ** Stock at highest level since Sept. 25
    ** Stock down 30.3% YTD, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))