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Company price
0.46 AUD -0.04 ( 8.00%)
Last update at 2026-11-06T05:10:00Z
VOLUME
672587
Market Cap
128.73M

Momentum Score

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Ionic Rare Earths Limited engages in the mining, refining, and recycling of magnet and heavy rare earth elements in Australia, Uganda, and United Kingdom. The company's flagship project is the Makuutu rare earths project that comprises six licenses covering an area of approximately 300 square kilometers located in Uganda. It refines and recycles magnet and heavy rare earth elements for energy transition, manufacturing, and defense sectors. The company was incorporated in 1998 and is based in Melbourne, Australia.

Source: TradingView
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Day Price Range
0.46
Low
0.50
High
52 Week Price Range
0.26
Low
0.69
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Ionic Rare Earths Ltd (ASX: IXR) is an Australian-listed company focused on exploring and developing rare-earth deposits for use in permanent magnets and other clean-energy technologies. Growth drivers include rising EV and wind demand, supply-chain diversification, and electrification; investors may find exposure attractive if the company progresses project development and demonstrates viable processing.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.50
Dividend Yield
-
Revenue TTM
1.24M
Revenue Per Share
0.01
Gross Profit TTM
1.24M
Debt / Equity
0.01
ROE
-47.32%
Net Debt
-3.24M
ROCE
-49.68%
Diluted EPS TTM
-0.07

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax -15.40M -11.34M -21.45M -8.54M -4.64M
Net income -14.91M -11.34M -21.20M -8.54M -4.64M
Selling general administrative - 1.74M 2.27M 1.97M 3.59M
Selling and marketing expenses - 6.56M 16.82M 5.74M 0.44M
Gross profit -0.85M 2.18M 2.21M -0.58M 0.16M
Reconciled depreciation - 1.15M 2.28M 0.58M 0.06M
Ebit -16.70M -11.30M -21.38M -8.54M -4.64M
Ebitda -15.86M -10.14M -19.10M -7.96M -4.58M
Depreciation and amortization 0.85M 1.15M 2.28M 0.58M 0.06M
Operating income -16.70M -6.55M -17.71M -11.56M -4.87M
Other operating expenses 16.70M 8.73M 19.92M 8.49M 4.81M
Interest expense 0.01M 0.04M 0.06M 0.00M 0.00M
Tax provision - 0.00M 0.00M 0.00M 0.00M
Interest income - 0.02M 0.08M 0.27M 0.00M
Net interest income - -0.02M 0.02M 0.27M 0.00M
Income tax expense -0.49M -2.16M -0.25M 0.41M -0.00M
Total revenue - 2.18M 2.21M 2.76M 0.22M
Total operating expenses 15.86M 8.73M 19.92M 10.99M 4.81M
Cost of revenue 0.85M - 2.28M 0.58M 0.06M
Total other income expense net 1.30M -4.79M -3.74M 3.03M 0.22M
Net income from continuing ops - -11.34M -21.20M -8.54M -4.64M
Net income applicable to common shares - - - -8.54M -4.64M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 35.71M 32.56M 37.57M 44.52M 48.97M
Intangible assets 4.52M 5.20M 4.99M 5.43M 5.08M
Other current assets 0.77M 0.06M 0.17M 0.22M 0.07M
Total liab 2.27M 2.97M 1.06M 0.82M 0.68M
Total stockholder equity 33.44M 29.59M 36.51M 43.70M 48.29M
Other current liab 0.30M - - 0.01M 0.03M
Common stock 114.67M - 92.13M 78.33M 76.96M
Capital stock - 95.22M - 78.47M 77.09M
Retained earnings -88.34M -73.56M -67.32M -46.12M -37.58M
Other liab - - - - 0.03M
Cash 3.48M 0.60M 2.03M 11.12M 26.76M
Total current liabilities 2.09M 2.73M 0.69M 0.82M 0.64M
Current deferred revenue - - - -0.01M -0.03M
Net debt -3.24M 0.15M -1.54M -11.11M -26.72M
Short term debt 0.08M - 0.12M 0.01M 0.03M
Short long term debt - 0.75M - - -
Short long term debt total 0.24M - 0.49M 0.01M 0.03M
Other stockholder equity - - 0.14M -38.04M -45.21M
Property plant equipment - - - 3.93M 12.60M
Total current assets 5.36M 1.43M 6.26M 13.24M 27.36M
Long term investments - 24.22M - 21.93M 3.93M
Net tangible assets - - - 38.27M 43.21M
Short term investments - - 2.92M 11.12M 0.03M
Net receivables 0.46M - 0.07M 1.10M 0.53M
Inventory 0.65M 0.55M 1.07M 0.79M 0.79M
Accounts payable 1.71M 1.46M 0.57M 0.82M 0.61M
Accumulated other comprehensive income 7.10M - 11.56M 11.35M 8.77M
Non currrent assets other 0.04M 0.04M - -31.29M -21.61M
Non current assets total 30.35M 31.14M 31.31M 31.29M 21.61M
Capital lease obligations - 0.37M - 0.01M 0.03M
Long term debt total - - - 0.00M 0.01M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - 1.35M 0.27M -5.51M -10.60M
Change to liabilities - - - 0.21M 0.24M
Total cashflows from investing activities -1.86M 1.35M 0.27M -5.51M -10.60M
Net borrowings - - - -0.03M -0.11M
Total cash from financing activities 18.58M 3.53M 13.86M 1.35M 29.89M
Change to operating activities - - - -0.18M -0.04M
Net income -14.91M -11.34M -21.20M -8.54M -4.64M
Change in cash 2.89M -1.43M -9.09M -15.64M 15.70M
Begin period cash flow 0.60M 2.03M 11.12M 26.76M 11.06M
End period cash flow 3.48M 0.60M 2.03M 11.12M 26.76M
Total cash from operating activities -13.85M -5.89M -23.22M -11.66M -3.58M
Issuance of capital stock - 3.65M 14.01M 1.38M 29.89M
Depreciation 0.85M - 2.28M 0.58M 0.06M
Other cashflows from investing activities -0.25M 1.39M 2.21M 2.92M 0.06M
Change to inventory -0.10M 0.52M -0.28M -0.79M -0.20M
Change to account receivables 0.29M -0.09M 1.03M -0.51M -0.47M
Sale purchase of stock - 3.65M 14.01M 1.38M 29.89M
Other cashflows from financing activities -0.15M - -0.15M -0.03M 0.11M
Change to netincome - - - -2.42M 1.29M
Capital expenditures 1.61M 0.04M 1.36M 2.58M 9.15M
Change in working capital 0.28M 2.08M -0.13M -1.28M -0.27M
Stock based compensation - - 0.35M 0.34M 1.51M
Other non cash items -0.06M -7.97M -4.18M -0.17M 1.61M
Free cash flow -15.46M -5.93M -24.58M -14.24M -12.73M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
IXR
Ionic Rare EARTHS Ltd
-0.04
8.00%
0.46 - - 103.54 3.97 1.53 -17.16
BHP
BHP Group Ltd
-1.38
2.34%
57.62 20.70 15.82 5.10 4.00 3.51 6.71
RIO
Rio Tinto Ltd
-3.11
2.03%
149.93 14.04 12.02 4.03 2.49 2.85 6.74
GLC
Glencore Plc
-0.52
5.20%
9.48 15.15 11.30 0.38 1.95 0.40 7.60
FMG
Fortescue Ltd
-0.31
2.00%
15.18 11.31 13.61 2.81 1.51 1.87 4.32

Profile*

Ionic Rare EARTHS Ltd

Ionic Rare Earths Limited engages in the mining, refining, and recycling of magnet and heavy rare earth elements in Australia, Uganda, and United Kingdom. The company's flagship project is the Makuutu rare earths project that comprises six licenses covering an area of approximately 300 square kilometers located in Uganda. It refines and recycles magnet and heavy rare earth elements for energy transition, manufacturing, and defense sectors. The company was incorporated in 1998 and is based in Melbourne, Australia.

525 Collins Street, Melbourne, VIC, Australia, 3000

61 3 9776 3434

Name Title Year Born
Mr. Timothy Joseph Harrison B.E. MD & Director NA
Mr. Brett Douglas Dickson B.Bus., CPA, FCPA, M.A.I.C.D. Fin. Director & Company Sec. NA
Ms. Jill Kelley Exec. Director NA
Mr. Juan Pablo Errazuriz-Hochschild Chilean Consultant NA
Mr. Brett Douglas Dickson B.Bus., CPA, FCPA, M.A.I.C.D. Finance Director & Company Secretary NA
Dr. Tommie Van der Walt Chief Operating Officer NA
Mr. Brett Douglas Dickson B.Bus., CPA, FCPA, M.A.I.C.D. Finance Director & Company Secretary NA
Dr. Tommie Van der Walt Chief Operating Officer NA
Mr. Brett Douglas Dickson B.Bus., CPA, FCPA, M.A.I.C.D. Finance Director & Company Secretary NA
Dr. Tommie Van der Walt Chief Operating Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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