View ValuationIonic Rare Earths 将来の成長Future 基準チェック /36Ionic Rare Earthsは、106%と142.2%でそれぞれ年率106%で利益と収益が成長すると予測される一方、EPSはgrowで118.4%年率。主要情報106.0%収益成長率118.42%EPS成長率Metals and Mining 収益成長14.7%収益成長率142.2%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日08 Jan 2026今後の成長に関する最新情報Breakeven Date Change • Dec 09Forecast to breakeven in 2026The 2 analysts covering Ionic Rare Earths expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$25.9m in 2026. Average annual earnings growth of 52% is required to achieve expected profit on schedule.Breakeven Date Change • Oct 03No longer forecast to breakevenThe analyst covering Ionic Rare Earths no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$6.22m in 2026. New forecast suggests the company will make a loss of AU$1.56m in 2026.Breakeven Date Change • Sep 25Forecast to breakeven in 2025The analyst covering Ionic Rare Earths expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$1.45m in 2025. Average annual earnings growth of 88% is required to achieve expected profit on schedule.すべての更新を表示Recent updatesBoard Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive independent Director Sufian Ahmad was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • May 01Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive independent Director Sufian Ahmad was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive independent Director Sufian Ahmad was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 17Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 9.525 million.Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 9.525 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 595,312,500 Price\Range: AUD 0.016 Discount Per Security: AUD 0.00016 Security Features: Attached Options Transaction Features: Subsequent Direct Listingお知らせ • Oct 03Ionic Rare Earths Limited, Annual General Meeting, Nov 28, 2025Ionic Rare Earths Limited, Annual General Meeting, Nov 28, 2025. Location: at baker mckenzie, level 19, 181 william street, melbourne vic 3000 Australiaお知らせ • Sep 19Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.116105 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.116105 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,256,537 Price\Range: AUD 0.016 Transaction Features: Subsequent Direct Listingお知らせ • Sep 12+ 1 more updateIonic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 1.125 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 1.125 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 70,312,500 Price\Range: AUD 0.016 Discount Per Security: AUD 0.00016 Security Features: Attached Options Transaction Features: Subsequent Direct ListingBoard Change • Aug 18Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Max McGarvie was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 11Ionic Rare Earths Limited Announces Shovel-Ready Project Offers Fast-Track to Ex-China SupplyIonic Rare Earths Limited is advancing discussions on the development of its Makuutu Heavy Rare Earth Project as China's latest rare earth export restrictions increase focus on the necessity of a Western supply chain. Located in Uganda, IonicRE's Makuutu Rare Earths Project ranks amongst the world's largest and most advanced ionic adsorption clay (IAC) deposits. Added to the Mineral Security Partnership (MSP) in 2023, Makuutu is considered a globally strategic resource for the near term, offering a low capital development and facilitating long-term supply of magnet and heavy rare earth oxides (REO's). The Makuutu deposit comprises nine licences covering around 300 square kilometres, located 120 km east of Kampala. The defined mineralisation stretches 37 km long and is situated near high-quality infrastructure. A mining licence was awarded in January 2024 for the central Makuutu tenement, representing the first large-scale mining licence issued in Uganda under the 2022 Mining Act. First production of Mixed Rare Earth Carbonate (MREC) was achieved during the March quarter 2024 at the Makuutu Demonstration Plant, fostering engagement with potential offtakers and strategic partners. Makuutu's membership of the MSP highlights the strategic importance of the project as a new source of magnet and heavy rare earth elements. IonicRE has continued several financing discussions with MSP partners. Makuutu is being developed by Rwenzori Rare Metals Limited ("RRM"), a Ugandan private company which owns 100% of the Makuutu Project. These add to previous export controls on antimony, gallium and germanium and the technology used to make rare earth magnets. Importantly, the Makuutu MREC product basket announced in IonicRE's Definitive Feasibility Study released in March 2023 demonstrated a basket rich in medium and heavy REOs, notably able to help offset the elements targeted in the control restrictions. Ionic Technologies International Limited ("Ionic Technologies"), a 100% owned UK subsidiary, has developed processes for the separation and recovery of rare earth elements (REE) from mining ore concentrates and recycled permanent magnets. Ionic Technologies is focusing on the commercialisation of the technology to achieve near complete extraction from end of life /spent magnets and waste (swarf) to high value, separated and traceable magnet rare earth products with grades exceeding 99.5% rare earth oxide (REO). In June 2023, Ionic Technologies announced initial production of high purity magnet REOs from its newly commissioned Demonstration Plant and moved to continuous production in March 2024, providing a first mover advantage in the industrial elemental extraction of REEs from recycling. The business also benefited from support from the UK Government to develop magnet demagnetisation and comminution processes in partnership with Materials Processing Institute (MPI) and Swansea University. In November 2024, IonicRE released a Feasibility Study showing the strong potential for a profitable and unique commercial REO manufacturing facility in Belfast, UK, recycling pre-consumer rare earth magnet scrap and end-of-life magnets, delivering sovereign capability to the UK and supporting regional investment in Northern Ireland. The Makuutu Rare Earth's Project in Uganda, 60% owned by IonicRE, moving to 94% ownership) is well-supported by existing tier-one infrastructure and is on track to become a long-life, low Capex, scalable and sustainable supplier of high-value magnet and heavy REO. IonicRE has also executed a transformational 50/50 joint venture refinery and magnet recycling facility in Brazil with Viridis Mining and Minerals Limited to separate high value magnet and heavy rare earths from the Colossus Project's full spectrum of REOs. This integrated strategy completes the circular economy of sustainable and traceable magnet and heavy rare earth products from the Colossus Project's full range of REOs. This integrated strategies completes the circular economy of sustainable, sustainable and traceable magnet and traceable magnet and Heavy rare earth products. The Makuutu rare earth products is well-life products is well-life, low Capex.Board Change • Feb 04Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Max McGarvie was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 21Ionic Rare Earths Limited Announces Resignation of Nitin Tyagi as Non-Executive DirectorIonic Rare Earths Limited announced that Mr. Nitin Tyagi has resigned as a Non-Executive Director of the Company, effective 20 January 2025. Mr. Tyagi has decided to step down from his position to take up a new full-time role with global technology company, Amazon Web Services, and due to company policies, this new role precludes him from serving on the board of a for profit organisation. Mr. Tyagi has been a Non-Executive Director since 1 July 2023.Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Max McGarvie was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 18Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 0.765659 million.Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 0.765659 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 109,379,876 Price\Range: AUD 0.007 Security Features: Attached Optionsお知らせ • Nov 26+ 1 more updateIonic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 71,428,571 Price\Range: AUD 0.007 Security Features: Attached Optionsお知らせ • Oct 28Ionic Rare Earths Limited, Annual General Meeting, Nov 27, 2024Ionic Rare Earths Limited, Annual General Meeting, Nov 27, 2024. Location: baker mckenzie, level 19, 181 william street, vic 3000, australia, melbourne AustraliaNew Risk • Sep 30New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Significant insider selling over the past 3 months (AU$380k sold). Revenue is less than US$5m (AU$3.3m revenue, or US$2.3m). Market cap is less than US$100m (AU$39.0m market cap, or US$27.0m).New Risk • Aug 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Significant insider selling over the past 3 months (AU$380k sold). Revenue is less than US$5m (AU$3.3m revenue, or US$2.1m). Market cap is less than US$100m (AU$39.0m market cap, or US$25.6m).お知らせ • Apr 26Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million.Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 38,461,539 Price\Range: AUD 0.013 Discount Per Security: AUD 0.00078 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 384,615,384 Price\Range: AUD 0.013 Discount Per Security: AUD 0.00078 Transaction Features: Subsequent Direct Listingお知らせ • Apr 25Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 38,461,539 Price\Range: AUD 0.013 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 384,615,384 Price\Range: AUD 0.013 Transaction Features: Subsequent Direct Listingお知らせ • Mar 21+ 1 more updateIonic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 19,047,619 Price\Range: AUD 0.021 Transaction Features: Subsequent Direct Listingお知らせ • Feb 13Ionic Rare Earths Limited, Annual General Meeting, Mar 13, 2024Ionic Rare Earths Limited, Annual General Meeting, Mar 13, 2024, at 11:00 AUS Eastern Standard Time. Location: K&L Gates Level 25 South Tower, 525 Collins Street, Melbourne VIC 3000, Australia Melbourne Australia Agenda: To Approval to issue Consideration Shares; to Approval to issue Tranche 1 Performance Rights; to Approval to issue Tranche 2 Performance Rights; to Ratification of prior issue - November Placement Shares; to Ratification of prior issue - Joint Lead Manager Options – Canaccord; to Ratification of prior issue - Joint Lead Manager Options MST Financial; to Approval to issue Shares to Mr. Sufian Ahmad; and to consider other matters if any.お知らせ • Jan 29Ionic Rare Earths Limited has completed a Follow-on Equity Offering.Ionic Rare Earths Limited has completed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 83,333,333 Price\Range: AUD 0.018 Security Name: Shares Security Type: Common Stock Securities Offered: 27,777,777 Transaction Features: Subsequent Direct Listingお知らせ • Dec 11Ionic Rare Earths Limited (ASX:IXR) entered into a share purchase agreement to acquire 34% stake in Makuutu Rare Earth Project from Rwenzori Rare Metals Limited.Ionic Rare Earths Limited (ASX:IXR) entered into a share purchase agreement to acquire 34% stake in Makuutu Rare Earth Project from Rwenzori Rare Metals Limited on December 11, 2023. IonicRE will issue 425 million shares to REEA at completion. Completion under the SPA is subject to a number of reasonably standard conditions precedent for a transaction of this nature including Ionic Rare Earths Limited obtaining approval from its shareholders to issue the consideration Shares and consideration rights and obtaining necessary regulatory approvals in respect of the Transaction including from the Financial Surveillance Department of the South African Reserve Bank and the Minister of Energy and Mineral Development in Uganda. Transaction is expected to close in Q1 2024.Breakeven Date Change • Dec 09Forecast to breakeven in 2026The 2 analysts covering Ionic Rare Earths expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$25.9m in 2026. Average annual earnings growth of 52% is required to achieve expected profit on schedule.お知らせ • Nov 20+ 1 more updateIonic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.9 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.9 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 261,904,762 Price\Range: AUD 0.021 Discount Per Security: AUD 0.00126 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 19,047,619 Price\Range: AUD 0.021 Discount Per Security: AUD 0.00126 Transaction Features: Subsequent Direct ListingNew Risk • Nov 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$14m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.7m net loss in 3 years). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Revenue is less than US$5m (AU$2.8m revenue, or US$1.8m). Market cap is less than US$100m (AU$83.1m market cap, or US$52.7m).お知らせ • Oct 27Ionic Rare Earths Limited, Annual General Meeting, Nov 28, 2023Ionic Rare Earths Limited, Annual General Meeting, Nov 28, 2023, at 10:00 W. Australia Standard Time. Location: The Park Business Centre 45 Ventnor Avenue Perth Western Australia AustraliaBreakeven Date Change • Oct 03No longer forecast to breakevenThe analyst covering Ionic Rare Earths no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$6.22m in 2026. New forecast suggests the company will make a loss of AU$1.56m in 2026.New Risk • Sep 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$16m free cash flow). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Revenue is less than US$1m (AU$330k revenue, or US$213k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$10m net loss in 3 years). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (AU$106.8m market cap, or US$68.9m).New Risk • Jul 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$16m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$16m free cash flow). Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Revenue is less than US$1m (AU$330k revenue, or US$220k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$9.4m net loss in 3 years). Market cap is less than US$100m (AU$86.8m market cap, or US$57.8m).お知らせ • Jun 28Ionic Rare Earths Limited Announces Board ChangesIonic Rare Earths Limited announced appointment of Mr. Nitin Tyagi as a non-executive director of the Company with effect from 1 July 2023. Mr. Tyagi is currently VP of supply chain at Next Energy (ONE), a battery company based in Novi, Michigan. Prior to ONE, Mr. Tyagi was the Director of Battery Supply Chain at Rivian Automotive managing all nodes of the battery supply chain from mines to battery packs to recycling. He scaled-up and ramped four electric vehicle programs (R1T, R1S, EDV NCA, EDV LFP) from pre- production to launch. Mr. Tyagi drove the iron-phosphate chemistry adoption on Amazon Electric Delivery Vans resulting in significant cost savings. Previously, Mr. Tyagi was part of Apple's operations and supply chain team and helped launch over 20 Apple products, including every iPhone from iPhone 6 to iPhone 12. Before Apple, Mr. Tyagi was in various engineering roles at Cree and Sun Catalytix (acquired by Lockheed Martin in 2014). Mr. Tyagi is the co-inventor of 12 US patents and holds a MS in material science from University of Rochester and a Bachelor of Technology in Metallurgical Engineering from the Indian Institute of Technology Roorkee. Mr. Tyagi is also currently pursuing his executive MBA from The Wharton School at the University of Pennsylvania and serves as an advisor to Ather Energy in India. The Company also announces that Mr. Trevor Benson has advised the Board that due to personal reasons he has tendered his resignation from the Board to be effective as of 30 June 2023.New Risk • Jun 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Revenue is less than US$1m (AU$330k revenue, or US$223k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$9.4m net loss in 3 years). Market cap is less than US$100m (AU$94.7m market cap, or US$64.1m).お知らせ • Jun 13Ionic Rare Earths Limited Appoints Tommie Van Der Walt as Chief Operating OfficerIonic Rare Earths Limited announced the appointment of Dr. Tommie van der Walt, to the position of chief operating officer (COO). Before joining the company, Dr. van der Walt was General Manager of Projects and Studies Africa with specialist resources private equity group EMR Capital, where he was leading the Lubambe Copper Project in Zambia. Prior to that he was with Newmont as Regional Project Director for Africa where he delivered the USD 2 billion Ahafo mega-project in Ghana. Dr. van der Walt has a Bachelor's Degree in Mechanical Engineering from the University of Pretoria, a Master's Degree in Business Management from the University of Cape Town and a PhD in Business Administration from the Potchefstroom Business School, University of North West, South Africa. He has over 20 years' experience in mining industry leadership and delivering large-scale projects in Africa. Dr. van der Walt will oversee all aspects of the company's day-to-day Makuutu Heavy Rare Earths Project, which will include further growth strategies for the mine.Board Change • Jun 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Trevor Benson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 11Ionic Rare Earths Limited Appoints Sufian Ahmad as A Non-Executive DirectorIonic Rare Earths Limited announced that Mr. Sufian Ahmad has been appointed as a non-executive director of the Company. Mr. Ahmad brings strong legal, business and marketing expertise to the board with over 10 years' experience in the resource sector in the provision of corporate advisory services. Mr. Ahmad is also the founder of Sixty Two Capital, an advisory firm specialising in the growth and funding of emerging ASX companies. Mr. Ahmad holds a Master of Business Administration, a Post-Graduate Diploma in Commercial and Resources Law, a Bachelor of Law (Hons) and a Diploma in Financial Planning.お知らせ • Feb 03Ionic Rare Earths Limited Provides Update on U.S. Downstream StrategyThe Board of Ionic Rare Earths Limited provided an update on its downstream activities and advises that it remains fully committed to advancing and building its downstream capacity in the United States. With the pending finalisation of the Mining Licence Application (MLA) at the Makuutu Rare Earth Project ("Makuutu" or "the Project") and significant progress achieved in 2022 at the IonicRE's 100% owned magnet recycling subsidiary, Ionic Technologies ("IonicTech") facility in Belfast, UK, the Company continues to focus on further advancing discussions with several groups who have indicated a desire for greater critical mineral supply security and specifically access to the Makuutu basket of heavy rare earth elements. Over the last few months IonicRE has been engaging with US State representatives to best locate and establish a rare earth separation and refining plant (Refinery), located within close proximity to suppliers of reagents, and potential end user customers. As part of discussions, the potential nominated location is also within close proximity to a technical partner who would enhance the potential supply chain for value addition of separated and refined rare earth oxides (REO) to value added products. In addition, the Company continues to further engage with the US Government departments, US automotive industry and other OEMs, and seeks to enhance its US based representation by establishing relationships with potential strategic partners that are able to demonstrate access to funding, both public and private, for the development of the Refinery. These discussions will be further supported through the completion of the Refinery Scoping Study which is well advanced, and being completed with key input from potential stakeholders. The Refinery Scoping Study is expected to be finalised at the end of First Quarter 2023, pending key agreements being reached on proposed location. Following on from the appointment of additional key senior personnel in IonicTech (ASX: 1 February 2023), the Company is now progressing several discussions to expand its activities in the U.S. to include the establishment of a magnet recycling facility with a strategic partner. Magnet recycling presents an opportunity to enter the US market early and commence commercial supply engagement with customers of magnet rare earth products, plus enables the Company to participate in initial programs aimed at building US domestic rare earth capability. Given geopolitical tensions and US government initiatives to support the domestic production of permanent magnets to provide a foundation for US manufacturing across several industries, initiatives such as the US Inflations Reduction Act and critical materials supply agenda enables the Company, with strategic partners, to be a potential early mover in the rare earths supply chain, supported by a long life, magnet and heavy rare earths asset like Makuutu.Board Change • Nov 17High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Trevor Benson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Breakeven Date Change • Sep 25Forecast to breakeven in 2025The analyst covering Ionic Rare Earths expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$1.45m in 2025. Average annual earnings growth of 88% is required to achieve expected profit on schedule.Board Change • Apr 27High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive Chairman & Lead Independent Director Trevor Benson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.業績と収益の成長予測CHIA:IXR - アナリストの将来予測と過去の財務データ ( )AUD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数6/30/20285938N/A4416/30/2027N/A-10N/A-1016/30/2026N/A-10N/A-10112/31/20252-11-9-9N/A9/30/20252-11-8-7N/A6/30/20252-11-6-6N/A3/31/20252-13-10-9N/A12/31/20242-14-13-13N/A9/30/20242-17-18-17N/A6/30/20242-21-22-21N/A3/31/20243-20-20-20N/A12/31/20233-19-18-20N/A9/30/20233-14-16-16N/A6/30/20233-9-14-12N/A3/31/20232-7-15-9N/A12/31/20220-5-16-6N/A9/30/20220-5-15-5N/A6/30/20220-5-13-4N/A3/31/20220-4-11-3N/A12/31/20210-4-9-2N/A9/30/20210-3-7-2N/A6/30/20210-2-4-1N/A3/31/20210-2-3-1N/A12/31/2020N/A-2-1-1N/A9/30/2020N/A-1-1-1N/A6/30/2020N/A-1-1-1N/A3/31/20200-2-1-1N/A12/31/20190-2-1-1N/A9/30/20190-1N/A-1N/A6/30/20190-1N/A-1N/A3/31/20190-1N/A-1N/A12/31/20180-2N/A-1N/A9/30/20180-2N/A-2N/A6/30/20180-2N/A-2N/A3/31/20180-2N/A-1N/A12/31/20170-1N/A-1N/A9/30/20170-1N/A-1N/A6/30/20170-1N/A-1N/A3/31/20170-1N/A-1N/A12/31/20160-1N/A-1N/A9/30/20160-1N/A-1N/A6/30/20160-1N/A-1N/A12/31/2015N/A-1N/A-1N/A9/30/2015N/A-1N/A-1N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: IXRは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 3.6% ) よりも高い成長率であると考えられます。収益対市場: IXR今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: IXR今後 3 年以内に収益を上げることが予想されます。収益対市場: IXR来年は収益がないと予測されています。高い収益成長: IXR来年は収益がないと予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: IXRの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 02:03終値2026/05/22 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ionic Rare Earths Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関null nullACF Equity Research LimitedMichael BentleyMST Financial Services Pty LimitedJustin ChanSCP Resource Finance LP
Breakeven Date Change • Dec 09Forecast to breakeven in 2026The 2 analysts covering Ionic Rare Earths expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$25.9m in 2026. Average annual earnings growth of 52% is required to achieve expected profit on schedule.
Breakeven Date Change • Oct 03No longer forecast to breakevenThe analyst covering Ionic Rare Earths no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$6.22m in 2026. New forecast suggests the company will make a loss of AU$1.56m in 2026.
Breakeven Date Change • Sep 25Forecast to breakeven in 2025The analyst covering Ionic Rare Earths expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$1.45m in 2025. Average annual earnings growth of 88% is required to achieve expected profit on schedule.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive independent Director Sufian Ahmad was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • May 01Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive independent Director Sufian Ahmad was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive independent Director Sufian Ahmad was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 17Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 9.525 million.Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 9.525 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 595,312,500 Price\Range: AUD 0.016 Discount Per Security: AUD 0.00016 Security Features: Attached Options Transaction Features: Subsequent Direct Listing
お知らせ • Oct 03Ionic Rare Earths Limited, Annual General Meeting, Nov 28, 2025Ionic Rare Earths Limited, Annual General Meeting, Nov 28, 2025. Location: at baker mckenzie, level 19, 181 william street, melbourne vic 3000 Australia
お知らせ • Sep 19Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.116105 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.116105 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,256,537 Price\Range: AUD 0.016 Transaction Features: Subsequent Direct Listing
お知らせ • Sep 12+ 1 more updateIonic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 1.125 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 1.125 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 70,312,500 Price\Range: AUD 0.016 Discount Per Security: AUD 0.00016 Security Features: Attached Options Transaction Features: Subsequent Direct Listing
Board Change • Aug 18Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Max McGarvie was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 11Ionic Rare Earths Limited Announces Shovel-Ready Project Offers Fast-Track to Ex-China SupplyIonic Rare Earths Limited is advancing discussions on the development of its Makuutu Heavy Rare Earth Project as China's latest rare earth export restrictions increase focus on the necessity of a Western supply chain. Located in Uganda, IonicRE's Makuutu Rare Earths Project ranks amongst the world's largest and most advanced ionic adsorption clay (IAC) deposits. Added to the Mineral Security Partnership (MSP) in 2023, Makuutu is considered a globally strategic resource for the near term, offering a low capital development and facilitating long-term supply of magnet and heavy rare earth oxides (REO's). The Makuutu deposit comprises nine licences covering around 300 square kilometres, located 120 km east of Kampala. The defined mineralisation stretches 37 km long and is situated near high-quality infrastructure. A mining licence was awarded in January 2024 for the central Makuutu tenement, representing the first large-scale mining licence issued in Uganda under the 2022 Mining Act. First production of Mixed Rare Earth Carbonate (MREC) was achieved during the March quarter 2024 at the Makuutu Demonstration Plant, fostering engagement with potential offtakers and strategic partners. Makuutu's membership of the MSP highlights the strategic importance of the project as a new source of magnet and heavy rare earth elements. IonicRE has continued several financing discussions with MSP partners. Makuutu is being developed by Rwenzori Rare Metals Limited ("RRM"), a Ugandan private company which owns 100% of the Makuutu Project. These add to previous export controls on antimony, gallium and germanium and the technology used to make rare earth magnets. Importantly, the Makuutu MREC product basket announced in IonicRE's Definitive Feasibility Study released in March 2023 demonstrated a basket rich in medium and heavy REOs, notably able to help offset the elements targeted in the control restrictions. Ionic Technologies International Limited ("Ionic Technologies"), a 100% owned UK subsidiary, has developed processes for the separation and recovery of rare earth elements (REE) from mining ore concentrates and recycled permanent magnets. Ionic Technologies is focusing on the commercialisation of the technology to achieve near complete extraction from end of life /spent magnets and waste (swarf) to high value, separated and traceable magnet rare earth products with grades exceeding 99.5% rare earth oxide (REO). In June 2023, Ionic Technologies announced initial production of high purity magnet REOs from its newly commissioned Demonstration Plant and moved to continuous production in March 2024, providing a first mover advantage in the industrial elemental extraction of REEs from recycling. The business also benefited from support from the UK Government to develop magnet demagnetisation and comminution processes in partnership with Materials Processing Institute (MPI) and Swansea University. In November 2024, IonicRE released a Feasibility Study showing the strong potential for a profitable and unique commercial REO manufacturing facility in Belfast, UK, recycling pre-consumer rare earth magnet scrap and end-of-life magnets, delivering sovereign capability to the UK and supporting regional investment in Northern Ireland. The Makuutu Rare Earth's Project in Uganda, 60% owned by IonicRE, moving to 94% ownership) is well-supported by existing tier-one infrastructure and is on track to become a long-life, low Capex, scalable and sustainable supplier of high-value magnet and heavy REO. IonicRE has also executed a transformational 50/50 joint venture refinery and magnet recycling facility in Brazil with Viridis Mining and Minerals Limited to separate high value magnet and heavy rare earths from the Colossus Project's full spectrum of REOs. This integrated strategy completes the circular economy of sustainable and traceable magnet and heavy rare earth products from the Colossus Project's full range of REOs. This integrated strategies completes the circular economy of sustainable, sustainable and traceable magnet and traceable magnet and Heavy rare earth products. The Makuutu rare earth products is well-life products is well-life, low Capex.
Board Change • Feb 04Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Max McGarvie was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 21Ionic Rare Earths Limited Announces Resignation of Nitin Tyagi as Non-Executive DirectorIonic Rare Earths Limited announced that Mr. Nitin Tyagi has resigned as a Non-Executive Director of the Company, effective 20 January 2025. Mr. Tyagi has decided to step down from his position to take up a new full-time role with global technology company, Amazon Web Services, and due to company policies, this new role precludes him from serving on the board of a for profit organisation. Mr. Tyagi has been a Non-Executive Director since 1 July 2023.
Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Max McGarvie was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 18Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 0.765659 million.Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 0.765659 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 109,379,876 Price\Range: AUD 0.007 Security Features: Attached Options
お知らせ • Nov 26+ 1 more updateIonic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 71,428,571 Price\Range: AUD 0.007 Security Features: Attached Options
お知らせ • Oct 28Ionic Rare Earths Limited, Annual General Meeting, Nov 27, 2024Ionic Rare Earths Limited, Annual General Meeting, Nov 27, 2024. Location: baker mckenzie, level 19, 181 william street, vic 3000, australia, melbourne Australia
New Risk • Sep 30New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Significant insider selling over the past 3 months (AU$380k sold). Revenue is less than US$5m (AU$3.3m revenue, or US$2.3m). Market cap is less than US$100m (AU$39.0m market cap, or US$27.0m).
New Risk • Aug 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Significant insider selling over the past 3 months (AU$380k sold). Revenue is less than US$5m (AU$3.3m revenue, or US$2.1m). Market cap is less than US$100m (AU$39.0m market cap, or US$25.6m).
お知らせ • Apr 26Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million.Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 38,461,539 Price\Range: AUD 0.013 Discount Per Security: AUD 0.00078 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 384,615,384 Price\Range: AUD 0.013 Discount Per Security: AUD 0.00078 Transaction Features: Subsequent Direct Listing
お知らせ • Apr 25Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 38,461,539 Price\Range: AUD 0.013 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 384,615,384 Price\Range: AUD 0.013 Transaction Features: Subsequent Direct Listing
お知らせ • Mar 21+ 1 more updateIonic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 19,047,619 Price\Range: AUD 0.021 Transaction Features: Subsequent Direct Listing
お知らせ • Feb 13Ionic Rare Earths Limited, Annual General Meeting, Mar 13, 2024Ionic Rare Earths Limited, Annual General Meeting, Mar 13, 2024, at 11:00 AUS Eastern Standard Time. Location: K&L Gates Level 25 South Tower, 525 Collins Street, Melbourne VIC 3000, Australia Melbourne Australia Agenda: To Approval to issue Consideration Shares; to Approval to issue Tranche 1 Performance Rights; to Approval to issue Tranche 2 Performance Rights; to Ratification of prior issue - November Placement Shares; to Ratification of prior issue - Joint Lead Manager Options – Canaccord; to Ratification of prior issue - Joint Lead Manager Options MST Financial; to Approval to issue Shares to Mr. Sufian Ahmad; and to consider other matters if any.
お知らせ • Jan 29Ionic Rare Earths Limited has completed a Follow-on Equity Offering.Ionic Rare Earths Limited has completed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 83,333,333 Price\Range: AUD 0.018 Security Name: Shares Security Type: Common Stock Securities Offered: 27,777,777 Transaction Features: Subsequent Direct Listing
お知らせ • Dec 11Ionic Rare Earths Limited (ASX:IXR) entered into a share purchase agreement to acquire 34% stake in Makuutu Rare Earth Project from Rwenzori Rare Metals Limited.Ionic Rare Earths Limited (ASX:IXR) entered into a share purchase agreement to acquire 34% stake in Makuutu Rare Earth Project from Rwenzori Rare Metals Limited on December 11, 2023. IonicRE will issue 425 million shares to REEA at completion. Completion under the SPA is subject to a number of reasonably standard conditions precedent for a transaction of this nature including Ionic Rare Earths Limited obtaining approval from its shareholders to issue the consideration Shares and consideration rights and obtaining necessary regulatory approvals in respect of the Transaction including from the Financial Surveillance Department of the South African Reserve Bank and the Minister of Energy and Mineral Development in Uganda. Transaction is expected to close in Q1 2024.
Breakeven Date Change • Dec 09Forecast to breakeven in 2026The 2 analysts covering Ionic Rare Earths expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$25.9m in 2026. Average annual earnings growth of 52% is required to achieve expected profit on schedule.
お知らせ • Nov 20+ 1 more updateIonic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.9 million.Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.9 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 261,904,762 Price\Range: AUD 0.021 Discount Per Security: AUD 0.00126 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 19,047,619 Price\Range: AUD 0.021 Discount Per Security: AUD 0.00126 Transaction Features: Subsequent Direct Listing
New Risk • Nov 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$14m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.7m net loss in 3 years). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Revenue is less than US$5m (AU$2.8m revenue, or US$1.8m). Market cap is less than US$100m (AU$83.1m market cap, or US$52.7m).
お知らせ • Oct 27Ionic Rare Earths Limited, Annual General Meeting, Nov 28, 2023Ionic Rare Earths Limited, Annual General Meeting, Nov 28, 2023, at 10:00 W. Australia Standard Time. Location: The Park Business Centre 45 Ventnor Avenue Perth Western Australia Australia
Breakeven Date Change • Oct 03No longer forecast to breakevenThe analyst covering Ionic Rare Earths no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$6.22m in 2026. New forecast suggests the company will make a loss of AU$1.56m in 2026.
New Risk • Sep 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$16m free cash flow). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Revenue is less than US$1m (AU$330k revenue, or US$213k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$10m net loss in 3 years). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (AU$106.8m market cap, or US$68.9m).
New Risk • Jul 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$16m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$16m free cash flow). Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Revenue is less than US$1m (AU$330k revenue, or US$220k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$9.4m net loss in 3 years). Market cap is less than US$100m (AU$86.8m market cap, or US$57.8m).
お知らせ • Jun 28Ionic Rare Earths Limited Announces Board ChangesIonic Rare Earths Limited announced appointment of Mr. Nitin Tyagi as a non-executive director of the Company with effect from 1 July 2023. Mr. Tyagi is currently VP of supply chain at Next Energy (ONE), a battery company based in Novi, Michigan. Prior to ONE, Mr. Tyagi was the Director of Battery Supply Chain at Rivian Automotive managing all nodes of the battery supply chain from mines to battery packs to recycling. He scaled-up and ramped four electric vehicle programs (R1T, R1S, EDV NCA, EDV LFP) from pre- production to launch. Mr. Tyagi drove the iron-phosphate chemistry adoption on Amazon Electric Delivery Vans resulting in significant cost savings. Previously, Mr. Tyagi was part of Apple's operations and supply chain team and helped launch over 20 Apple products, including every iPhone from iPhone 6 to iPhone 12. Before Apple, Mr. Tyagi was in various engineering roles at Cree and Sun Catalytix (acquired by Lockheed Martin in 2014). Mr. Tyagi is the co-inventor of 12 US patents and holds a MS in material science from University of Rochester and a Bachelor of Technology in Metallurgical Engineering from the Indian Institute of Technology Roorkee. Mr. Tyagi is also currently pursuing his executive MBA from The Wharton School at the University of Pennsylvania and serves as an advisor to Ather Energy in India. The Company also announces that Mr. Trevor Benson has advised the Board that due to personal reasons he has tendered his resignation from the Board to be effective as of 30 June 2023.
New Risk • Jun 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Revenue is less than US$1m (AU$330k revenue, or US$223k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$9.4m net loss in 3 years). Market cap is less than US$100m (AU$94.7m market cap, or US$64.1m).
お知らせ • Jun 13Ionic Rare Earths Limited Appoints Tommie Van Der Walt as Chief Operating OfficerIonic Rare Earths Limited announced the appointment of Dr. Tommie van der Walt, to the position of chief operating officer (COO). Before joining the company, Dr. van der Walt was General Manager of Projects and Studies Africa with specialist resources private equity group EMR Capital, where he was leading the Lubambe Copper Project in Zambia. Prior to that he was with Newmont as Regional Project Director for Africa where he delivered the USD 2 billion Ahafo mega-project in Ghana. Dr. van der Walt has a Bachelor's Degree in Mechanical Engineering from the University of Pretoria, a Master's Degree in Business Management from the University of Cape Town and a PhD in Business Administration from the Potchefstroom Business School, University of North West, South Africa. He has over 20 years' experience in mining industry leadership and delivering large-scale projects in Africa. Dr. van der Walt will oversee all aspects of the company's day-to-day Makuutu Heavy Rare Earths Project, which will include further growth strategies for the mine.
Board Change • Jun 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Trevor Benson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 11Ionic Rare Earths Limited Appoints Sufian Ahmad as A Non-Executive DirectorIonic Rare Earths Limited announced that Mr. Sufian Ahmad has been appointed as a non-executive director of the Company. Mr. Ahmad brings strong legal, business and marketing expertise to the board with over 10 years' experience in the resource sector in the provision of corporate advisory services. Mr. Ahmad is also the founder of Sixty Two Capital, an advisory firm specialising in the growth and funding of emerging ASX companies. Mr. Ahmad holds a Master of Business Administration, a Post-Graduate Diploma in Commercial and Resources Law, a Bachelor of Law (Hons) and a Diploma in Financial Planning.
お知らせ • Feb 03Ionic Rare Earths Limited Provides Update on U.S. Downstream StrategyThe Board of Ionic Rare Earths Limited provided an update on its downstream activities and advises that it remains fully committed to advancing and building its downstream capacity in the United States. With the pending finalisation of the Mining Licence Application (MLA) at the Makuutu Rare Earth Project ("Makuutu" or "the Project") and significant progress achieved in 2022 at the IonicRE's 100% owned magnet recycling subsidiary, Ionic Technologies ("IonicTech") facility in Belfast, UK, the Company continues to focus on further advancing discussions with several groups who have indicated a desire for greater critical mineral supply security and specifically access to the Makuutu basket of heavy rare earth elements. Over the last few months IonicRE has been engaging with US State representatives to best locate and establish a rare earth separation and refining plant (Refinery), located within close proximity to suppliers of reagents, and potential end user customers. As part of discussions, the potential nominated location is also within close proximity to a technical partner who would enhance the potential supply chain for value addition of separated and refined rare earth oxides (REO) to value added products. In addition, the Company continues to further engage with the US Government departments, US automotive industry and other OEMs, and seeks to enhance its US based representation by establishing relationships with potential strategic partners that are able to demonstrate access to funding, both public and private, for the development of the Refinery. These discussions will be further supported through the completion of the Refinery Scoping Study which is well advanced, and being completed with key input from potential stakeholders. The Refinery Scoping Study is expected to be finalised at the end of First Quarter 2023, pending key agreements being reached on proposed location. Following on from the appointment of additional key senior personnel in IonicTech (ASX: 1 February 2023), the Company is now progressing several discussions to expand its activities in the U.S. to include the establishment of a magnet recycling facility with a strategic partner. Magnet recycling presents an opportunity to enter the US market early and commence commercial supply engagement with customers of magnet rare earth products, plus enables the Company to participate in initial programs aimed at building US domestic rare earth capability. Given geopolitical tensions and US government initiatives to support the domestic production of permanent magnets to provide a foundation for US manufacturing across several industries, initiatives such as the US Inflations Reduction Act and critical materials supply agenda enables the Company, with strategic partners, to be a potential early mover in the rare earths supply chain, supported by a long life, magnet and heavy rare earths asset like Makuutu.
Board Change • Nov 17High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Trevor Benson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Breakeven Date Change • Sep 25Forecast to breakeven in 2025The analyst covering Ionic Rare Earths expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$1.45m in 2025. Average annual earnings growth of 88% is required to achieve expected profit on schedule.
Board Change • Apr 27High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive Chairman & Lead Independent Director Trevor Benson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.