Ionic Rare Earths Limited (AU:IXR) has released an update.
Ionic Rare Earths Limited has announced a new proposed issue of securities, including a significant placement of over 337 million options expiring in June 2028 and nearly 38.5 million ordinary shares. The proposed issue date is set for the 28th of June 2024. This move indicates a strategic step for the company’s growth and could be of interest to investors in the rare earths sector.
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