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Ionic Rare Earths Advances Profitable Magnet REO Plant in Belfast with $502M NPV

6:14pm on Sunday 1st of June, 2025 AEST Mining
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Ionic Rare Earths Advances Profitable Magnet REO Plant in Belfast with $502M NPV

6:14pm on Sunday 1st of June, 2025 AEST
Key Points
  • Feasibility study reveals $502M post-tax NPV and 43.6% IRR for Belfast REO plant
  • Planned 400 tpa production capacity of separated magnet rare earth oxides by late 2026
  • UK government grant application lodged via Automotive Transformation Fund
  • Brazilian joint venture Viridion advances pilot plant plans with state support
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