Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — OTC Markets Precious Metals & Critical Minerals Virtual Conference 2026
24 slides from Ionic Rare Earths's conference presentation, Feb 13, 2026
Slide 1: ASX Announcement: Presentation to OTC Markets Virtual Conference
ASX Announcement ASX:IXR 13 February 2026 PRESENTATION TO OTC MARKETS VIRTUAL CONFERENCE Ionic Rare Earths Limited (“IonicRE” or the “Company”) (ASX: IXR) advised that Managing Director, Mr Tim Harrison, has this morning presented the attached presentation to the OTC Markets Precious Metals & Critic
Slide 2: OTC Markets Precious Metals & Critical Minerals Virtual Conference
ASX: IXR For personal use only OTC: IXRRF OTC Markets Precious Metals & Critical Minerals Virtual Conference 12 February 2026
Slide 3: Cautionary Statement
Cautionary Statement Important Notice and Disclaimer Competent Person Statement This presentation should be considered in its entirety. If you do not understand Information in this report that relates to previously reported Exploration Targets the material contained in this presentation, you should
Slide 4: Vision: resilient, integrated Western rare earth supply chain starting with magnet recycling
IonicRE’s vision is to create a resilient, fully integrated, Western rare earth supply For personal use only chain starting with magnet recycling ➢ IonicRE, via 100% owned UK subsidiary Ionic Technologies, has developed a world leading recycling technology to produce separated magnet REOs – NdPr, Dy
Slide 5: Vision to support Western defence and industrial demand via FORGE
Ionic Rare Earth’s vision to support Western defence and industrial demand for rare earths via FORGE 1. RECYCLING Supply new defence and industrial rare earth needs Capability to fully supply Western Defence demand while reducing dependence on China Producing light and heavy rare earth oxides toda
Slide 6: Upcycling for the Next Cycle: Leading Magnet Recycling
Sustainably Sourcing For personal use only Magnet and Heavy Rare Earths for the New Economy Upcycling for the Next Cycle Leading Magnet Recycling and the Circular Economy of Rare Earths Belfast now first producer of recycled magnet REOs in Western world 5
Slide 7: Ionic Technologies: only Western recycler producing separated magnet rare earth oxides
Ionic Rare Earths subsidiary Ionic Technologies, is the only western recycler producing separated and refined magnet rare earth oxides today → substantial inbound demand Ionic Technologies has developed patented recycling technology, .. …has progressed from lab scale to a producing demonstration pla
Slide 8: DRIVE35 Collaborate project
REO RECOVERY/SEPARATION & PROJECT LEADER DRIVE 35 Collaborate MAGNET LIBERATION METAL/ALLOY For personal use only ✓ Commenced 01 September 2025 ✓ 36 Months Project LIFE CYCLE/ ECONOMIC ANALYSIS ✓ £11million Project ✓ Leading Collaborate project, part of the UK Government’s DRIVE35 launch ✓ Partners
Slide 9: Path to Commercialisation
Path to Commercialisation DRIVE35 Collaborate CirculaREEconomy Scale-Up Readiness For personal use only Validation & CLIMATES Technical Developer Accelerator Program 2027/28 Commercial Plant1 2022 2023/24 400tpa REO 2022 Demonstration Plant 2025/28 Lab Scale Pilot Scale Supply Chain Validation capac
Slide 10: Feasibility study for commercial recycling plant in Belfast
Ionic Technologies have completed a feasibility study for the commercial recycling plant in Belfast, UK, demonstrating strong financial returns and environmental sustainability → Replication in the USA Overview of commercial plant Economics summary from feasibility study (Nov 2024) For personal use
Slide 11: Financing Magnet Recycling in the UK
Financing Magnet Recycling in the UK • Project development cost of £85 million for Belfast For personal use only Plant and Technology facility, including £10 million site specific costs for Belfast Harbour • Grant Offer-in-Principle of £12 million announced in Jan 20261 to cornerstone investment fro
Slide 12: Life Cycle Assessment completed by Minviro
Life Cycle Assessment completed by Minviro in March 2025 Ionic Technologies’ Feasibility Study demonstrated significant reduction in CO2 compared to conventional primary REO supply For personal use only Key Advantages of Technology and Recycling ➢ Up to 53% CO 2 reduction on (NdPr) 2O3 and 61% CO2 r
Slide 13: Belfast Harbour strategic location
Strategic Location Renewable Hub Talent Infrastructure Belfast Harbour Belfast Harbour is home to many world-class Belfast is producing Belfast Harbour has unrivalled port infrastructure hydrometallurgy companies who play a key encompassing a new Ionic Technologies is strategically located capabilit
Slide 14: IonicRE and US Strategic Metals MOU
Ionic Rare Earths and US Strategic Metals MOU to fast-track magnet and heavy REO production in the USA via magnet recycling, refining ➢ MOU announced 10 Nov 2025, outlines collaboration on ➢ IonicRE to provide patented rare earth permanent magnet recycling development of vertically integrated, multi
Slide 15: Recycling could meet US defence demand for magnet rare earth oxides
An IonicRE recycling operation can potentially meet the US defence demand for light and heavy magnet rare earth oxides in the short term; Rapid Deployment & Modular → Scalable to Future Demand For personal use only High Level Estimate of 2030 demand for NdFeB magnets in US (kt) 36 400 tpa REO 8 ~300
Slide 16: Viridion joint venture: refining and recycling in Brazil and USA
50% 50% For personal use only Leveraging Company’s RE Separation & Refining Technology ➢ Brazil – RE Refinery and Magnet Recycling 15 ➢ USA – RE Refinery 15
Slide 17: First delivery of recycled magnet REOs from Brazil
For personal use only First delivery of recycled magnet Rare Earth Oxides (REOs) from End-of-Life magnets sourced from Brazil and recycled at Ionic Technologies’ Belfast, UK facility 16
Slide 18: Viridion funding shortlist by BNDES and FINEP
For personal use only www.viridionre.com ➢ Viridion, was shortlisted in June 2025 by the Brazilian National Bank for Economic and Social Development (‘BNDES’) and the Federal Agency for Funding Authority for Studies and Projects in Brazil (‘FINEP’), as one of the successful applicants to receive sig
Slide 19: Viridion land grant for CRITR in Poços de Caldas
For personal use only In July 2025, Viridion secured a land grant from the Municipality of Poços de Caldas to construct the Centre for Rare Earth Refining, Recycling and Innovation (CRITR) Institutional Highlights ➢ Unprecedented recycling and ➢ Integration with Brazilian research refining capacity
Slide 20: Makuutu Rare Earth Basket
Makuutu Rare Earth Basket – Near-term, permitted, HREE supply Makuutu MREC Basket • Large scale Ionic Adsorption Clay (IAC) project with 71% magnet plus heavy REO basket (45% heavy For personal use only REOs!) La2O3, 17.8% • IonicRE owns 60% of the asset through local Y2O3, 26.5% Ugandan entity Rwen
Slide 21: Makuutu Stage 1 Feasibility Study
Makuutu Stage 1 Feasibility Study Stage 1 DFS Metrics1 BASE CASE LAYS FOUNDATION, EXTENSION OF LIFE POTENTIAL Stage 1 Life Post-Tax Free • Large Scale Mining Licence LML00334 awarded in January 2024 35 Years Cash Flow US$1.02 billion For personal use only • Stage 1 production of a value-added mixed
Slide 22: IonicRE Corporate Snapshot
IonicRE Corporate Snapshot (ASX:IXR, OTC:IXRRF) Market Various Options / 12-month Share Price Shares on Issue Cash Position Capitalisation Rights / Notes Range (min – max) For personal use only A$0.48 A$108m 225,047,275 62,810,670 A$12.4m A$0.15 – A$1.05 11 February 2026 11 February 2026 11 February
Slide 23: Key Takeaways
Key Takeaways 1 2 3 For personal use only Validated Technology Platform Positive Sector Momentum Compelling Economic Profile Successfully operating demonstration Strong growth forecast in REO demand DFS completed for Belfast Commercial plant in Belfast, UK, showcasing and western governments rapidly
Slide 24: For personal use only
ASX: IXR For personal use only OTC: IXRRF Ionic Rare Earths Limited www.ionicre.com Suite 09, Level 5, North Tower investors@ionicre.com 525 Collins Street Melbourne, T +61 3 9776 3434 Victoria, 3000, Australia
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