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Ionic Rare Earths Advances Profitable Magnet REO Plant in Belfast with $502M NPV
11:44am on Friday 31st of January, 2025 AEDT
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Ionic Rare Earths Advances Profitable Magnet REO Plant in Belfast with $502M NPV
11:44am on Friday 31st of January, 2025 AEDT
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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