Ionic RE Powers UKs Rare Earth Future with 11 million Circula REE conomy Grant

Ionic Rare Earths Limited (ASX: IXR), through its subsidiary Ionic Technologies, has secured £11 million in UK Government funding under the “CirculaREEconomy” initiative. This pioneering three-year project, backed by the Advanced Propulsion Centre UK (APC), aims to build a circular and sovereign supply chain for rare earth permanent magnets (REPMs) crucial to electric vehicle (EV) production. The consortium includes major automotive players like Ford, Bentley, and Wrightbus, along with recycling and manufacturing partners such as EMR, LCM, GKN, and VAC. Ionic’s Belfast Demonstration Plant will lead the processing of high-purity separated REOs from recycled sources, contributing to a 61% reduction in emissions compared to traditional mining. The initiative aligns with the UK’s DRIVE35 strategy, supporting local jobs and green mobility. Facing rising geopolitical risks, IonicRE’s breakthrough magnet recycling technology positions it at the forefront of sustainable, non-China-dependent REE supply chains.

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