Ionic Rare Earths Limited (“IonicRE” or the “Company”) (ASX: IXR) has received a vote of confidence in its global expansion strategy, successfully completing the Reounceable Rights Issue (“Rights Issue”) announced on September 12, 2025, closing on October 9, 2025 (“Closing Date”), and an additional Placing (“Placing”), which were strongly supported by existing and new shareholders.
- Successful completion of the $6.1 million Reounceable Rights Issue, which closed with heavy oversubscription;
- Completed $9.5 million follow-on placement to meet excess demand, supported by domestic and international institutional investors;
- $3 million strategic investment from US-based Argentem Creek Partners, a specialist investment firm with a global presence and experience in the critical minerals, fintech and industrial sectors; And
- Funds to support IonicRE’s global magnet recycling expansion, including the development of a magnet recycling plant in Belfast, advancing the Brazilian rare earth joint venture Viridion and other expansion opportunities in North America, Europe and Asia.
Amid increased global focus on the rare earths sector, the rights offering raised approximately $6.1 million (before fees) and closed with heavy oversubscription. To meet some of the excess demand and attract new domestic and international institutional investors, the company placed an additional $9.5 million (before fees), including the previously announced $1.125 million.
The placement was completed on the same terms as the rights issue, with the new shares being issued at an issue price of 1.6 cents each. One option will be issued for each new share subscribed (without additional issue price), exercisable at 2.5 cents before September 30, 2028, upon application for listing of these options.
The placement was anchored by a $3 million strategic investment from US-based Argentem Creek Partners (“Argentem”), a specialist investment firm with experience in critical minerals, energy transition projects, technology and industrial sectors.
The global rare earths sector has attracted increasing attention from investors following China’s October 9, 2025 decision to further restrict access to rare earths, requiring both foreign and domestic companies to obtain special permits to export “dual-use items” with both civilian and military applications. In response, US President Donald Trump announced on October 10 an additional 100% tariff on Chinese imports, possibly from November 1, 2025.
Executive Chairman of IonicRE, Mr Brett Lynch, said he was delighted by the overwhelming response from investors to the rights issue and placement and Argentem’s strategic investment.
“I would like to thank both new and existing investors for their tremendous support of the rights issue and placement. They have provided a tremendous vote of confidence in IonicRE and our global expansion strategy as we build a large-scale industrial business in developing safe and sustainable supply chains for rare earths from China.” said Mr. Lynch.
“Argentem’s investment is particularly welcome given their financial strength and global presence, which has the ability to hyperscale IonicRE’s growth around the world. We are moving as quickly as possible given the enormous market demand for rare earths, which has only increased in the wake of China’s latest export controls on these materials that are essential to Western defense and advanced manufacturing. This situation only further highlights the need for new sources of supply, including magnet recycling.
“Thanks to this investor support, we now have the financial backing to execute our strategy, and with the right people, partners and products at the right time, we have all the ingredients for success.”
CEO of Argentem Creek Partners, Mr. Daniel Chapmannoted: “We are pleased to announce that Argentem Creek Partners has joined the placement of Ionic Rare Earths as a strategic investor. As a strategic financial partner, Argentem Creek will play a key role in supporting the company’s growth and expansion ambitions,” said Mr Chapman.
“Rare earths is an industry that is changing extremely quickly and with the increasingly critical need for new, safe and sustainable supply chains from China, IonicRE’s magnet recycling technology is an enormously valuable asset with unique global rollout potential.
Argentem’s President Mr Maarten Terlouw added: “Our investment commitment in Ionic Rare Earths reflects our confidence in the strategy and long-term potential of the company. As a strategic investor and financial partner, we support Ionic’s efforts to expand its business and advance a circular rare earths supply chain, a model that aligns with our focus on responsible growth and sustainable value creation. We look We look forward to working with the Ionic team as we build a company positioned to make a lasting impact on critical materials. sector.”
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