Ionic Rare Earths, US Strategic Metals form 50-50 JV for Missouri magnet recycling plant

Reuters2026/09/03 18:24

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Ionic Rare Earths entered a non-binding term sheet with US Strategic Metals for a 50-50 joint venture on magnet recycling in Missouri.
Plan targets the first U.S. rare earth permanent magnet recycling plant at US Strategic Metals’ fully permitted 1,750-acre site near Fredericktown.
Partners set a $100 million initial funding plan, including $95 million from US Strategic Metals alongside a $5 million equity contribution split equally.
Ionic is set to license magnet recycling technology via its Ionic Technologies unit, taking lead on technical operations, commercial matters, feedstock procurement.
Definitive agreements are targeted by end-2026, with the project conditional on final documentation, capital contributions, other customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ionic Rare Earths Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: CG40409) on September 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Ionic Rare Earths, US Strategic Metals form 50-50 JV for Missouri magnet recycling plant

You may also like

Crypto prices