IXR STARTS REO SUPPLY TO AML FOR USA NdFeB MAGNETS
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| Stock | Ionic Rare EARTHS Ltd (IXR.ASX) |
|---|---|
| Release Time | 25 May 2026, 8:56 a.m. |
| Price Sensitive | Yes |
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IXR Commences Supply of REOs to AML for US NdFeB Magnets
Key Points
- 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
Full Summary
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.
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