BUZZ-Australia's Ionic Rare Earths rises on inking magnet supply chain deal

Reuters

2024/11/06

** Shares of Ionic Rare Earths up 5.6% to A$0.0095, on track for their best day since Oct. 28, if current trends continue

** Non-gold precious metals miner says its joint venture, Viridion, signs MOU with SENAI FEIMG Innovation and Technology Centre to establish Brazilian magnet supply chain

** Under agreement, parties to jointly develop and produce rare earth magnets

** Viridion is co's Brazilian JV with Viridis Mining and Minerals

** Stock down 63.5% YTD, including today's moves

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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