Australia's Ionic Rare Earths gains on rare-earths deal with South Korean firm

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13/02/2025 04:36

** Shares of Ionic Rare Earths  IXR.AX  rise 8.3% to
A$0.0065
    ** The rare-earths miner says it signed a non-binding MoU
with South Korean research firm DNA Link  127120.KQ  
    ** The MoU is for collaboration on the recycling of
rare-earths permanent magnets and magnet REO (rare earth oxide)
supply - co
    ** Stock rose as much as 16.7% earlier in the day, marking
its biggest intraday gain since February 5
    

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