HREE Pulse

Snapshot 22 Aug 2026 · 52 names

Desk · Development / financing · Recycling

ASX:IXR

Ionic Rare Earths

Makuutu ionic clay in Uganda plus Ionic Technologies magnet recycling in Belfast. The recycle plant is the Western pulse; the clay is the inventory.

RecycleIonic clayHREEGov support
53

Building

Website

Pulse Timeline

Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.

53→ Building
nowBelfast commercial offtake / scale-up1Belfast commercial tonnes2JulAugSepOctNov
  1. 1) 11-01 Offtake
  2. 2) 11-01 Listing

Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22

Building

Cadence is real, not yet a cluster. Next print has to land.

Last beat
—
Beats / 90d
0
Recent gap
—

0 beats in 180d

  • — No dated beat in the trailing window.
  • — Next: Belfast commercial offtake / scale-up (71d).
  • — Government / strategic paper is on the tape.
OfftakeListingGov

Trading

Last
A$0.012
1d
0.0%
Mkt cap
$95M
Volume
22M
52-week
A$0.006 – A$0.028
1m
—
3m
—
1y
—

Shares — · snapshot, not a live tape

Company & people

HQ

Melbourne, Australia

Focus

Recycling · Recycling

CEO Tim Harrison

  • Tim Harrison, MD

Mine / project

Flagship

Ionic Technologies (Belfast) + Makuutu

Location

Belfast, UK; Makuutu, Uganda · United Kingdom / Uganda

Deposit

Magnet recycle (hydromet) + ionic clay

Resource

Makuutu large clay MRE. Near-term tonnes are Belfast recycle, not Ugandan pits.

Radioactivity

Low — permit tell vs peers

Capital, loans, grants & support

  • UK government grant

    Belfast recycling demonstration / scale-up support

  • Recycled oxide/metal toward UK/EU magnet chain

The Pulse

Recycling is the honest Western HREE source in the 2020s. Makuutu is a long-dated clay. Pulse follows Belfast tonnes and offtake, not another Ugandan hole.

ASX. A US recycle module would change the listing conversation.

Catalyst proximity14/25
Gov / strategic14/25
US listing path6/20
De-risking12/20
Setup7/10

Next: 1 Nov 2026 — Belfast commercial offtake / scale-up

Nasdaq path

Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.

  1. 01 · DoneASX listing

    Primary listing IXR. Belfast recycle is the Western pulse; Makuutu is inventory.

  2. 02 · GapUS OTC

    No OTCQB. Penny tape on ASX is not a US market.

  3. 03 · GapDTC eligibility

    Not in play.

  4. 04 · GapUS holder tape

    UK/EU recycle offtake is the customer. A US module would change this step.

  5. 05 · NextBelfast commercial tonnes1 Nov 2026

    Scale-up and offtake in Belfast. Ugandan holes are not the listing path.

  6. 06 · GapSEC registration

    No 20-F. A US recycle module would reopen the conversation.

  7. 07 · GapNasdaq $4 bid

    Last ~A$0.012. This is a reverse-split candidate if anyone is foolish enough to try.

  8. 08 · GapNasdaq application

    Not a listing story at this price or this stage.

Catalysts

Belfast commercial offtake / scale-up

    Desk note

    Stays on this device. Not the press release.

    Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method