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Ionic Rare Earths

MST Financial Services' Valuation on Ionic Rare Earths Remains Unchanged

MST Financial Services has published its most recent piece on Ionic Rare Earths (ASX:IXR) entitled, "4Q23: Production Begins of High Purity Rare Earth Magnet Oxides".

Additionally, MST Financial Services highlighted the company's Q4 FY23 results: "highlighting a healthy cash position of A$11.1m and a reduced quarterly cash burn of A$3.4m, down from the previous ~A$5m." The report also highlighted that the company will become a "cornerstone investor" in the acquisition of an Ionic Adsorption Clay deposit in Brazil by Virdis' (ASX:VMM). According to the report, "IXR opens avenues to capitalize on their expertise in Ionic Clay Deposits, forging valuable partnerships with firms that own such world-class deposits."

MST Financial Services' valuation on Ionic Rare Earths (ASX:IXR) remains unchanged at A$0.10/share.

Ionic Rare Earths' 60 percent owned Makuutu project is 120 kilometers away from Uganda’s capital city of Kampala and is considered the third-largest scandium resource globally, with the potential to produce many other in-demand REEs.

Click here for the full article from MST Financial Services.

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Ionic Rare Earths (ASX:IXR)

Ionic Rare Earths


Rare earth metals are best classified as difficult to discover and extract. In 2019, nearly 60 percent of global annual production (an estimated 132,000 tonnes) came from China, with only 12.2 percent of production coming from the second largest producer, the United States. But, what are rare earth metals? And why are they more important than ever?

Rare earth metals are classified into two categories: light and heavy. Light rare earth elements (LREEs) are commonly available and include lanthanum, cerium, praseodymium, and neodymium. Heavy rare earth elements (HREEs) are more difficult to source (and therefore more expensive), and include samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium, yttrium, and scandium.

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