Australia's IXR hits 8-mth high on US expansion plan for rare earths refinery

Ionic Rare Earths

18/06/2025 03:41

** Shares of IXR IXR.AX soar 20% to A$0.012, their highest since October 14 last year

** Mineral explorer says it's looking to expand its Viridion joint venture in the U.S. by starting a rare earths refinery

** About 26.3 mln shares change hands, 3.4x the 30-day average of 7.8mln

** Stock up 71.4% YTD, including moves in current session

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))