Ionic Rare Earths Ltd September Quarterly Activities & Cash Flow Report
Key points
- Commercial plant planning application submitted to Belfast City Council
- £600K upgrade completed at Belfast facility to support enhanced operations
- Significant progress towards confirmation of the funding package for Belfast facility
- Successful $8 million placement supported by domestic and international institutional investors
- James (Jim) Rutherford appointed Non-Executive Director
Full summary
Ionic Rare Earths Ltd's Quarterly Activities Report for the period ending 30 September 2026 highlights advancements in its commercial magnet recycling plant in Belfast, UK. Key developments include the submission of a full planning application to Belfast City Council, a £600k upgrade at the Belfast facility to enhance operations, and significant progress towards securing a funding package for the Belfast facility. Additionally, the company successfully completed an $8 million placement and made key strategic appointments, including the appointment of James (Jim) Rutherford as Non-Executive Director.
Guidance
None
Outlook
The company expects to finalize the funding package for the Belfast facility and award pre-FID packages in Q4 2026.
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