Australia's Ionic Rare Earths rises on Uganda project mining licence

Ionic Rare Earths

20/10/2023 02:41

** Shares of Ionic Rare Earths Ltd  IXR.AX  rise as much as
13.6% to A$0.025, their highest since Oct. 6
    ** Rare earth mineral explorer says received large-scale
mining licence from Uganda for flagship Makuutu Heavy Rare Earth
Project
    ** Stock posts its biggest intraday pct gain since Oct. 6
    ** Stock down 33.3% YTD, as of last close

 (Reporting by Aaditya Govind Rao)
 ((Aaditya.GovindRao@thomsonreuters.com;))