New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% 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 (13% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (AU$1.6m revenue, or US$1.1m). Market cap is less than US$100m (AU$62.3m market cap, or US$43.9m). Announcement • Aug 05
Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 8 million. Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,846,154
Price\Range: AUD 0.26
Discount Per Security: AUD 0.0156
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,923,077
Price\Range: AUD 0.26
Discount Per Security: AUD 0.0156
Transaction Features: Subsequent Direct Listing Announcement • Jul 10
Ionic Rare Earths Limited Announces Appointment of Sean Sargent to Chief Operating Officer – EMEA Ionic Rare Earths Limited appointed Mr. Sean Sargent as Chief Operating Officer – EMEA (Europe, the Middle East and Africa) focused on delivering a successful commercial rare earth magnet recycling facility in Belfast, UK and overseeing the Company’s international expansion across the EMEA region. Mr. Sargent is a senior executive director with substantial experience in business leadership and project management. He recently served as CEO of Green Lithium, leading for four years this start-up business that aims to build a low-carbon, sustainable, battery-grade lithium refinery in the UK, successfully raising public and private funding as well as driving efforts to secure supply and offtake contracts with miners and commodity traders. He has also held leadership roles across the engineering sector in the nuclear and defence industries for 25 years, and spent a further five years on maritime civil engineering projects. Mr. Sargent has led businesses in chemical refining, in nuclear new build, and on operational and decommissioning sites, with 18 years’ experience at company executive level. His roles have included working with government bodies, banks, investors, public and private sector organisations, regulators, trade unions, the public and a wide range of diverse professional teams. Sean held full profit and loss accountability for Green Lithium and, previously, for Jacobs’ Government Solutions business. He led the integration of both CH2M and Wood Group’s nuclear and defence operations with Jacobs, totalling 4,500 people. Throughout his career, he has led the design, construction, commissioning, operation and decommissioning of major engineering and energy projects from £10m to £15 billion (approximately AUD 19 million to AUD 29 billion).