Ionic Rare Earths Completes $12 Million Placement

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Ionic Rare Earths Limited (ASX: IXR) (“IonicRE” or “the Company”) is pleased to announce it has received firm commitments to raise $12 million by way of a share placement at $0.04 (“Placement”) in a significantly oversubscribed issue. The Placement was strongly supported by both key existing shareholders and new institutional investors.

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