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Ionic Rare Earths (IXR) investor relations material
Ionic Rare Earths Q4 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a Western world first by demonstrating a fully circular supply chain for recycled rare earth permanent magnets for Ford EV motors, meeting OEM standards and performance requirements.
Expanded US and UK collaborations, including supplying magnet REOs to Advanced Magnet Lab for US defense applications and signing a joint development agreement with Nth Cycle to enhance rare earth refining and recycling.
Advanced commercialisation of Belfast magnet recycling facility, with FEED study underway and planning progressing for a 400 tpa plant, supported by UK government funding initiatives.
Progressed Viridion JV in Brazil, advancing design and permitting for South America's first rare earth refining and recycling hub, with significant funding shortlisted.
Makuutu Heavy Rare Earths Project in Uganda remains strategic, with ongoing engagement with offtakers and financiers amid global supply chain shifts.
Financial highlights
Net cash used in operating activities for the quarter was A$4.9 million, with a year-to-date outflow of A$15.1 million.
Cash and cash equivalents at quarter end were A$3.5 million, down from A$8.5 million in the previous quarter.
Received A$15.5 million from equity issues and A$2.2 million from convertible debt securities during the year.
Government grants and tax incentives contributed A$218,000 for the quarter and A$1.3 million year-to-date.
Payments to related parties totaled A$257,000 for the quarter.
Outlook and guidance
Targeting Final Investment Decision (FID) for the Belfast commercial plant by end of September quarter, contingent on securing funding.
Plans to expand magnet recycling technology to Brazil and the US, with potential for multiple global plants.
Makuutu project development to continue, with focus on unlocking value and advancing discussions with financiers and offtakers.
Exploring a dual listing on London’s AIM market to broaden investor base and support capital strategy.
- High-purity rare earth recycling platform advances with UK backing and global milestones ahead.IXR
Investor update12 May 2026 - Commercial magnet recycling plant in Belfast nears financing, with US expansion planned.IXR
Emerging Growth Conference 928 May 2026 - Patented recycling technology and strategic partnerships enable rapid, low-carbon rare earth supply growth.IXR
Investor presentation5 May 2026 - £12M UK grant and FORGE recognition boost rare earth projects; net loss narrows to $6.2M.IXR
Q3 2026 TU24 Apr 2026 - Strategic progress in rare earth recycling and supply chains, but ongoing net losses and funding needs.IXR
H2 20252 Apr 2026 - Transitioned to demonstration-scale production, expanded resources, but posted a $21.2M net loss.IXR
H2 20242 Apr 2026 - Loss narrowed, cash strengthened, and rare earth projects advanced across four continents.IXR
H1 202622 Mar 2026 - Advanced rare earth recycling and global expansion target surging Western demand.IXR
Precious Metals & Critical Minerals Virtual Investor Conference12 Feb 2026 - Advanced global rare earth projects and raised $15M, ending quarter with $12.4M cash.IXR
Q2 2026 TU28 Jan 2026
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