Ionic gains UK funding for sustainable rare earth magnet supply chain

Ionic Technologies, a subsidiary of Ionic Rare Earths (IonicRE), has secured £11m ($14.8m) funding from the UK government for the CirculaREEconomy project up to 2027, to create a sustainable UK rare earth permanent magnet (REPM) supply chain. Commencing on 1 August 2025, the project will produce…