Interview with Tim Harrison, Managing Director of Ionic Rare Earths Ltd. (ASX: IXR)
Our previous interview: [ Ссылка ]
Recording date: 23rd November 2022
Ionic Rare Earths Ltd. is an Australian mineral exploration and development company focused on advancing its flagship Makuutu Rare Earths project towards production. The project consists of approximately five licenses covering approximately 242 km2 and is located 120 km east of the capital city of Kampala in eastern Uganda. The project mineralisation is primarily clay-type Rare Earth Element (REE) mineralization. The company is a member of the UN Global Compact, the world’s largest corporate sustainability initiative.
Ionic Rare Earths Ltd. recently attended the 121 mining conference held in London, with the aim of the company to provide updates to the market, not seeking additional funding. The company, at the end of October 2022, released its quarterly activities and cash flow report. The report shows that the company has commenced the mining lease application process at its Makuuta Rare Earth project. Ionic Rare Earths Ltd. also held an Environmental and Social Impact Assessment (ESIA) public hearing, which was attended by more than 3,800 individuals. The Makuuta Rare Earth project enjoys the support of not only the local community but also the Ugandan Minister for Energy and Mineral development.
The company at the end of September 2022 renamed its UK subsidiary to Ionic Technologies International Ltd. The company believes that the rebranding will assist it in becoming a key participant in the recycling and refining of rare earth magnets. The UK government also in Q3 2022 provided Ionic Technologies International Ltd. with a governmental grant of AUD$ 2.9 million from its Advanced Propulsion Centre (APC) to assist and accelerate the development of a demonstration-scale magnet recycling facility in Belfast, UK.
0:00 - Company overview
0:34 - Purpose for attending the 121 Mining Conference
1:49 - Reason for stagnant share prices despite the catalysts
2:25 - Overview and updates of the Makuutu Project
3:45 - Current understanding of the Makuutu Project’s metallurgy
5:19 - Time frame for the economics of the Makuutu Project
5:57 - Current cash position & the cost of the demo plant stage
6:33 - Length of the EIA process
6:54 | 8:51 - Overview of the SerenTech
8:11 - Challenges in the SerenTech’s process
9:59 - Effects of geopolitics on the company’s operation
11:22 - Expected time of getting recognition from the market
12:07 - Establishing the downstream supply chain
14:17 - Being the only company in the magnet-recycling space
15:17 | 21:37 - Overview of the company’s general strategy and getting funded for it
19:06 - Topics of the conversations with industries
22:53 - Outro
—
Crux Investor is an investing app for busy people. For a small, monthly membership fee you’ll receive a single stock recommendation each month, curated by industry experts and presented in a clear and focused one-page memo. Head to Crux Investor to learn more and to sign up for your time-saving, stress-slaying membership today.
Learn more: [ Ссылка ]
Sign up for Crux Investor: [ Ссылка ]
