Australia's Ionic Rare Earths rises on receiving offshore mining licence

Ionic Rare Earths

18/01/2024 02:56

** Shares of Ionic Rare Earths  IXR.AX  rise as much as
13.6% to A$0.025, hitting their highest level since Jan. 5
    ** Stock currently up 2.3%
    ** Non-gold precious metals miner receives mining licence
from Ugandan minister of energy and mineral development for
offshore project
    ** Co adds Ugandan Directorate of Geological Survey and
Mines announced approval for renewal of exploration licence
    ** More than 22.3 mln shares change hands, compared with the
30-day average volume of 9.3 mln shares
    ** Stock down 15.4% this year, as of last close

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