Ionic Rare Earths (ASX: IXR) is now a step closer to building South America’s first rare earths refining and recycling hub — thanks to a major land grant in Brazil - backed by the Brazilian government.
The company’s 50-50 joint venture, Viridion Rare Earth Technologies, has just secured 2,071 square metres of land in Poços de Caldas — paving the way for construction of the Centre for Rare Earths Innovation, Technology and Recycling - CRITR.
This future facility will serve as a pilot-scale unit, refining Mixed Rare Earth Carbonate from Viridis Mining’s Colossus Project — and recycling rare earth magnets from Brazil’s growing e-waste stream.
Ionic's Managing Director, Tim Harrison said: "We look forward to working closely with our joint venture partner, Viridis and all stakeholders to advance development of this important hub for the future of Brazil’s advanced manufacturing and renewables industries.”
If all goes to plan, operations at CRITR are expected to begin in the second half of 2026.
#IonicRareEarths #ASXIXR #RareEarths #Brazil #CriticalMinerals #Recycling #GreenTech #CRITR #Viridion #Sustainability #AdvancedManufacturing #JointVenture #ESG #MineralsProcessing #EwasteRecycling #CleanEnergyFuture