Ionic Rare Earths Webinar October 2024

Ionic Rare Earths Limited (“IonicRE” or the “Company”) (ASX: IXR) is pleased to announce its participation in the ShareCafe Small Cap "Hidden Gems" Webinar, to be held Friday 4th October 2024 from 12:30pm AEST.

Managing Director Tim Harrison will provide an overview of progress at Ionic Technologies, including recent grant funding as the Company progresses commercialisation of magnet recycling to produce sovereign, sustainable and traceable magnet and heavy rare earths needed to develop net-zero
carbon technologies in Western markets.

IONIC TECHNOLOGIES SECURES UK FUNDING
FOR RECYCLED RARE EARTH PERMANENT
MAGNETS PARTNERSHIP

Partnership with LCM, VAC to advance UK/Europe supply chain

• Ionic Technologies partnerships awarded two new grants with combined value of £1.265m (A$2.46m), including direct funding totalling £470k (approx. A$900k) to Ionic Technologies, to foster REE supply chain partnerships under next round of Innovate UK ‘CLIMATES’ program

• Funding secured for £843k groundbreaking ‘REEValuate’ Project, partnering with metals and alloys manufacturer, Less Common Metals (LCM) and magnet manufacturer, Vacuumschmelze (VAC), to produce Rare Earth alloys for permanent magnets containing 100% recycled Heavy Rare Earth Elements (HREEs) and Light Rare Earth Elements (LREEs)

• VAC to provide pre-consumer NdFeB magnet scrap (swarf) to Ionic Technologies for production of high purity magnet Rare Earth Oxides (REOs) at Belfast Demonstration Plant; LCM to then reduce oxide to Rare Earth metals/alloys and supply to VAC at required specification for magnet production; initial magnet scrap volume to be processed of up to 9 tonnes

• UK Government selects Ionic Technologies-led ‘MAGNOSTIC’ collaboration to deliver advanced, demagnetisation solution for end-of-life permanent magnets, working in partnership with Materials Processing Institute (MPI) and Swansea University, a centre of excellence for metal processing and handling

• MAGNOSTIC Project is valued at £422k, with Ionic Technologies to directly benefit from £178k of UK Government funding, also part of Innovate UK CLIMATES funding

In September 2022, IonicTech was awarded a grant of £1.72 million (approximately A$2.9 million) from the UK Government’s Innovate UK Automotive Transformation Fund Scale-up Readiness Validation (SuRV) program. This is a significant step towards securing the UK supply of critical rare earth metals for EV manufacture.

In September 2023, Ionic Technologies announced it had successfully secured additional funding for two Innovate UK CLIMATES grants totalling £2 million (A$3.90 million). The successful grant funding
submissions centred on two CLIMATES projects:

1. in partnership with Less Common Metals (LCM) and Ford Technologies, Ionic Technologies will develop a traceable, circular supply chain of rare earths for application in EV motors within the UK; and

2. in partnership with the British Geological Survey, Ionic Technologies has commenced a feasibility study for a commercial magnet recycling plant in Belfast, UK.

The magnet recycling Demonstration Plant will provide the data for the development of commercial
facilities.