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BUZZ-Australia's Ionic Rare Earths gains on rare-earths deal with South Korean firm

Reuters
2025/02/13
BUZZ-Australia's Ionic Rare Earths gains on rare-earths deal with South Korean firm

** Shares of Ionic Rare Earths IXR.AX rise 8.3% to A$0.0065

** The rare-earths miner says it signed a non-binding MoU with South Korean research firm DNA Link 127120.KQ

** The MoU is for collaboration on the recycling of rare-earths permanent magnets and magnet REO (rare earth oxide) supply - co

** Stock rose as much as 16.7% earlier in the day, marking its biggest intraday gain since February 5

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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