Makuutu funding options remain under review as Ionic plans equity raise

What the report says

Ionic Rare Earths, the Australian-listed developer of Uganda’s Makuutu rare earths project, reported no decision on its review of the project’s funding and ownership options in its September-quarter update. The quarterly report, issued on 13 October, says discussions with potential financiers and buyers continue. The review, launched on 31 July, is considering government-backed partners, new investment structures and