IXR STARTS REO SUPPLY TO AML FOR USA NdFeB MAGNETS

• IXR starts supplying magnet REOs to AML for US defense applications
• Second binding sale agreement signed with AML
• MOU signed for long-term collaboration and recycling
• Supports U.S. Department of War's magnet requirements

Ionic Rare Earths Ltd (ASX: IXR) has begun supplying rare earth oxides (REOs) to Advanced Magnet Lab, Inc. (AML), a U.S.-based permanent magnet technology company. This partnership supports the U.S. Department of War's requirements for domestically produced high-grade sintered NdFeB permanent magnets. IXR is providing critical REOs, specifically Neodymium/Praseodymium oxide (NdPr)2O3 and dysprosium oxide (Dy2O3), under AML's U.S. Defense Logistics Agency contract. The companies have also signed a non-binding Memorandum of Understanding (MOU) for collaboration on REO supply and recycling, aiming to establish secure, sovereign, and sustainable ex-China rare earth supply chains.