IXR General Discussion 2022
- Thread starter Mazewolf
- Start date
Samus
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Samus
Top 20
Samus
Top 20
I went the lazy way and asked Gemini about potential profits from the viridian JV:
Ionic Rare Earths Limited (ASX: IXR) has a 50/50 joint venture in Brazil called Viridion with Viridis Mining and Minerals Ltd (ASX: VMM). While specific profit expectations directly attributed to the Viridion JV are not yet publicly detailed with precise figures for the Brazilian operations, we can infer its potential based on IXR's broader rare earth recycling strategy and recent developments:
Key Takeaways and Inferred Profit Potential for Viridion JV:
* Replication of Belfast Model: The Viridion JV in Brazil aims to replicate the successful magnet recycling technology developed for Ionic Technologies' Belfast facility in the UK. The Belfast facility's Feasibility Study showed strong financial returns with a post-tax Net Present Value (NPV) of US$502 million and an Internal Rate of Return (IRR) of 43.6%, based on producing separated magnet Rare Earth Oxides (REOs) at >99.5% grade. This provides a strong indication of the profit potential if the Brazilian operations achieve similar efficiencies.
* Lower Operating Costs in Brazil: IonicRE anticipates substantially lower operating costs in converting alloy feedstock to REO product in Brazil compared to other markets. This reduction in costs would directly contribute to higher profit margins for the Viridion JV.
* Government Funding and Support: The Viridion JV has secured significant backing from the Brazilian government (BNDES and FINEP), with funding allocations of R5 billion (US903 million) for strategic mineral projects and an additional R3 billion (US542 million) for R&D and innovation centers. This financial support demonstrates government confidence and significantly de-risks the project, potentially accelerating its path to profitability.
* Strategic Market Position: The JV is positioned to play a strategic role in developing a local, sustainable, and traceable supply chain for rare earth elements in Brazil, aligning with global demand for critical minerals and reduced reliance on foreign suppliers. This strong market alignment enhances the long-term profitability outlook.
* Feedstock Security: The potential for a strong feed source from Viridis Mining and Minerals' Colossus Project further strengthens the Viridion JV's operational and financial viability.
Current Financial Status of IXR (Company-wide):
It's important to note that as a mineral exploration and development company, IXR itself has been in a pre-profitability phase. Analysts anticipate the company to incur a final loss in 2025 before generating positive profits of approximately AU$23 million in 2026, implying a breakeven point just over a year from now. This projection includes the broader activities of IXR, with the Viridion JV expected to be a significant contributor to future profitability.
In summary, while specific, standalone profit figures for the Viridion JV are not explicitly stated, the strong financial projections from the replicated Belfast model, anticipated lower operating costs in Brazil, and substantial government backing indicate that IXR expects the Viridion JV to be a highly profitable venture, contributing significantly to the company's overall positive financial performance in the coming years.
Ionic Rare Earths Limited (ASX: IXR) has a 50/50 joint venture in Brazil called Viridion with Viridis Mining and Minerals Ltd (ASX: VMM). While specific profit expectations directly attributed to the Viridion JV are not yet publicly detailed with precise figures for the Brazilian operations, we can infer its potential based on IXR's broader rare earth recycling strategy and recent developments:
Key Takeaways and Inferred Profit Potential for Viridion JV:
* Replication of Belfast Model: The Viridion JV in Brazil aims to replicate the successful magnet recycling technology developed for Ionic Technologies' Belfast facility in the UK. The Belfast facility's Feasibility Study showed strong financial returns with a post-tax Net Present Value (NPV) of US$502 million and an Internal Rate of Return (IRR) of 43.6%, based on producing separated magnet Rare Earth Oxides (REOs) at >99.5% grade. This provides a strong indication of the profit potential if the Brazilian operations achieve similar efficiencies.
* Lower Operating Costs in Brazil: IonicRE anticipates substantially lower operating costs in converting alloy feedstock to REO product in Brazil compared to other markets. This reduction in costs would directly contribute to higher profit margins for the Viridion JV.
* Government Funding and Support: The Viridion JV has secured significant backing from the Brazilian government (BNDES and FINEP), with funding allocations of R5 billion (US903 million) for strategic mineral projects and an additional R3 billion (US542 million) for R&D and innovation centers. This financial support demonstrates government confidence and significantly de-risks the project, potentially accelerating its path to profitability.
* Strategic Market Position: The JV is positioned to play a strategic role in developing a local, sustainable, and traceable supply chain for rare earth elements in Brazil, aligning with global demand for critical minerals and reduced reliance on foreign suppliers. This strong market alignment enhances the long-term profitability outlook.
* Feedstock Security: The potential for a strong feed source from Viridis Mining and Minerals' Colossus Project further strengthens the Viridion JV's operational and financial viability.
Current Financial Status of IXR (Company-wide):
It's important to note that as a mineral exploration and development company, IXR itself has been in a pre-profitability phase. Analysts anticipate the company to incur a final loss in 2025 before generating positive profits of approximately AU$23 million in 2026, implying a breakeven point just over a year from now. This projection includes the broader activities of IXR, with the Viridion JV expected to be a significant contributor to future profitability.
In summary, while specific, standalone profit figures for the Viridion JV are not explicitly stated, the strong financial projections from the replicated Belfast model, anticipated lower operating costs in Brazil, and substantial government backing indicate that IXR expects the Viridion JV to be a highly profitable venture, contributing significantly to the company's overall positive financial performance in the coming years.
Frank
Top 20
Ionic Rare Earths eyes rare earth expansion in US
Ionic Rare Earths managing director Tim Harrison talked with Proactive about the company's strategic developments surrounding the Viridion Joint Venture and potential expansion into the United States rare earths market.
Harrison confirmed that IonicRE, through its 50/50 Brazilian joint venture with Viridis Mining and Minerals Ltd (ASX:VMM), is considering establishing a rare earth refinery in the US.
This would complement its ongoing initiatives in Brazil and builds on IonicRE's production capabilities already established at its UK-based Ionic Technologies subsidiary.
The Viridion JV was recently selected to participate in a BRL 7.5 billion (approximately USD 1.4 billion) program initiated by the Brazilian government, aiming to bolster domestic rare earth production. This funding milestone paves the way for IonicRE to consider further value-add processing facilities beyond Brazil.
“The nature of that will really be dependenton some of the discussions that we've been having with groups in the US,” Harrison said, indicating that talks are progressing with potential US-based stakeholders.
Over the coming weeks, IonicRE and its joint venture partner will focus on finalising funding structure discussions in Brazil and defining the scope for any potential US facility, including whether it would target heavy rare earths or other specific product streams.
Last updated: 04:35 19 Jun 2025 BST,
Ionic Rare Earths managing director Tim Harrison talked with Proactive about the company's strategic developments surrounding the Viridion Joint Venture and potential expansion into the United States rare earths market.
Harrison confirmed that IonicRE, through its 50/50 Brazilian joint venture with Viridis Mining and Minerals Ltd (ASX:VMM), is considering establishing a rare earth refinery in the US.
This would complement its ongoing initiatives in Brazil and builds on IonicRE's production capabilities already established at its UK-based Ionic Technologies subsidiary.
The Viridion JV was recently selected to participate in a BRL 7.5 billion (approximately USD 1.4 billion) program initiated by the Brazilian government, aiming to bolster domestic rare earth production. This funding milestone paves the way for IonicRE to consider further value-add processing facilities beyond Brazil.
“The nature of that will really be dependenton some of the discussions that we've been having with groups in the US,” Harrison said, indicating that talks are progressing with potential US-based stakeholders.
Over the coming weeks, IonicRE and its joint venture partner will focus on finalising funding structure discussions in Brazil and defining the scope for any potential US facility, including whether it would target heavy rare earths or other specific product streams.
Last updated: 04:35 19 Jun 2025 BST,
Winenut
GO AVZ!!!!
I have been juggling some stocks but one that I'm not playing with and definitely keeping is IXRFyi, IXR
Most discussed Stock ( Again )
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Koproskilo
*The Next 6 months will be very interesting
In the mean time we wait and Prey
Food for thought
Frank
*Edit
Relax everyone, it's just the day traders closing their positions, it's a Friday, close to the EOFY and the SP has risen in the last couple of weeks, they taking profits, unfortunately it happens and it seems worse when you are totally undervalued, they not interesting with the ins and outs of RE and don't give a damn if the SP falls, just means they can re-enter at a lower price.
I spoke with Tim yesterday and am perfectly comfortable with where we are currently heading, like he said in the last couple of interviews with proactive and NWR a lot of news flow to follow, much of it before the funding in Brazil at the end of July.
If I more cash I'd be buying...
AIMO of course.
Have a good weekend.
Breakoutthecash
There is some merit and commerciality in the magnet recycling tech they own that can be used "in house" or licensed to others for a fee/percentage/royalty/commission income stream
IXR is much better as a magnet recycling tech company than a REE miner in Uganda IMO
But you know what...an interest in the physical REE mine is still indirectly in the back pocket for IXR so it's the best of both worlds
One to watch
Frank
Top 20
Fyi,I have been juggling some stocks but one that I'm not playing with and definitely keeping is IXR
There is some merit and commerciality in the magnet recycling tech they own that can be used "in house" or licensed to others for a fee/percentage/royalty/commission income stream
IXR is much better as a magnet recycling tech company than a REE miner in Uganda IMO
But you know what...an interest in the physical REE mine is still indirectly in the back pocket for IXR so it's the best of both worlds
One to watch
Well worth a look for any IXR shareholders here imo
Here's a good place to Start for the latest News / Research / Digging into our "Little Company"
The Only problem is you have to visit the Crapper
Koproskilo
Date:21/06/25Time:18:35:21Post #:79517643roblun
Date:21/06/25Time:22:38:25Post #:79518570
TheCount
Regular
Absolutely - it's not retail jumping on board, well, not yet anyway..
Lucas Don Velor
Regular
Broker data would be interesting… looks like it could churn straight past 100M MC…
Remark
Top 20
A decent close, nearly cracked the ton
A decent close @ .018, nearly cracked the ton!
Samus
Top 20
It's definitely a whale, some 75+mil shares gobbled up over two days.
Couldn't help myself.....
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