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How Will Ionic Rare Earths Transform UK’s Rare Earth Supply with £12M Grant?

8:56am on Tuesday 27th of January, 2026 AEDT Mining
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How Will Ionic Rare Earths Transform UK’s Rare Earth Supply with £12M Grant?

8:56am on Tuesday 27th of January, 2026 AEDT
Key Points
  • £12 million capital grant offer from UK Government’s DRIVE35 program
  • 400 metric tonnes per annum of high-purity rare earth oxides production planned
  • Project aligns with UK’s Critical Minerals Strategy to reduce import reliance
  • £85 million total project cost with ongoing strategic investor discussions
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