ASX-listed companies Ionic Rare Earths (IonicRE) and Viridis Mining and Minerals are to form a 50:50 joint venture (JV) company to advance rare earth separation business prospects in Brazil. The JV company aims to build a refinery and magnet recycling facility in the country using IonicRE subsidiary Ionic Technologies’ separation technology, which has been demonstrated at the company’s Belfast magnet recycling demonstration plant, in the UK, where magnet rare earth oxide (REO) production is successfully under way.
