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Ionic Rare Earths (IXR) investor relations material
Ionic Rare Earths Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Belfast commercial magnet-recycling project advanced through planning submission, FEED, facility upgrades and funding due diligence; funding package remains key to reaching FID.
A strategic review of Makuutu is assessing alternatives to accelerate development and unlock value amid Western interest in independent medium and heavy rare earth supply.
An $8m placement and proposed US and Brazil ventures support international expansion, while cash at quarter-end was A$5.074m.
Financial highlights
FY2026 net loss was A$14.914m, versus A$11.341m in FY2025.
Quarterly operating cash outflow was A$4.018m; investing outflow A$1.335m; financing inflow A$6.972m.
Quarter-end cash and cash equivalents were A$5.074m, compared with A$3.481m at the start of the quarter.
Outlook and guidance
Belfast planning determination is expected in Q1 2027; basic engineering is expected to finish by Q2 2027, with construction activities targeted to start Q3 2027.
Funding for the Belfast commercial plant is targeted for completion in Q4 2026; pre-FID package awards are targeted in Q4, subject to funding and due diligence.
AIM admission is targeted for Q4 2026, subject to customary regulatory approvals.
FY2027 priorities include advancing Belfast, expanding technology deployment in Brazil and the US, and progressing Makuutu financing and offtake discussions.
- Major UK grant, US defence entry, and strategic review drive rare earths expansion.IXR
H2 2026 - Demonstrated circular EV magnet supply chain, advanced Belfast plant, and expanded global partnerships.IXR
Q4 2026 TU - High-purity rare earth recycling platform advances with UK backing and global milestones ahead.IXR
Investor update - Commercial magnet recycling plant in Belfast nears financing, with US expansion planned.IXR
Emerging Growth Conference 92 - Patented recycling technology and strategic partnerships enable rapid, low-carbon rare earth supply growth.IXR
Investor presentation - £12M UK grant and FORGE recognition boost rare earth projects; net loss narrows to $6.2M.IXR
Q3 2026 TU - Strategic progress in rare earth recycling and supply chains, but ongoing net losses and funding needs.IXR
H2 2025 - Transitioned to demonstration-scale production, expanded resources, but posted a $21.2M net loss.IXR
H2 2024 - Loss narrowed, cash strengthened, and rare earth projects advanced across four continents.IXR
H1 2026
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