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Ionic Rare Earths Ltd

Basic Materials AU IXR

0.007AUD
0.001(16.67%)

Last update at 2025-01-21T05:10:00Z

Day Range

0.0060.007
LowHigh

52 Week Range

0.0050.02
LowHigh

Fundamentals

  • Previous Close 0.006
  • Market Cap31.37M
  • Volume2908068
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-21.24486M
  • Revenue TTM2.21M
  • Revenue Per Share TTM0.001
  • Gross Profit TTM 2.21M
  • Diluted EPS TTM-

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Income before tax -21.44770M -8.53846M -4.64409M -2.37763M -1.48625M
Minority interest - - - - -
Net income -21.20091M -8.53846M -4.64409M -2.37642M -1.51293M
Selling general administrative 2.27M 4.08M 1.52M 2.05M 1.20M
Selling and marketing expenses 16.82M 0.69M 0.44M 0.16M 0.04M
Gross profit 2.21M 2.19M 0.16M 0.21M -
Reconciled depreciation 2.28M 0.58M 0.06M - -
Ebit -21.38317M -8.53666M -4.64136M -2.40117M -1.43168M
Ebitda -19.09828M -7.96085M -4.58070M -2.40117M -1.43168M
Depreciation and amortization 2.28M 0.58M 0.06M 2.19M 0.00335M
Non operating income net other - - - - -
Operating income -17.70905M -11.56370M -4.86580M -2.40117M -1.43168M
Other operating expenses 19.92M 11.56M 4.87M 2.40M 1.46M
Interest expense 0.06M 0.00180M 0.00273M 0.00000M 0.00000M
Tax provision 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Interest income 0.08M 0.27M 0.00402M 0.00121M 0.00123M
Net interest income 0.02M 0.27M 0.00128M 0.00121M 0.00123M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -0.24679M 0.41M -0.00001M -0.00121M 0.03M
Total revenue 2.21M 2.76M 0.22M 0.00121M 0.00123M
Total operating expenses 19.92M 10.99M 4.81M 2.40M 1.46M
Cost of revenue 2.28M 0.58M 0.06M - -
Total other income expense net -3.73865M -2.81458M -0.05937M 0.02M -0.05457M
Discontinued operations - - - - -
Net income from continuing ops -21.20091M -8.53846M -4.64409M -2.37763M -1.48625M
Net income applicable to common shares - -8.53846M -4.64409M -2.37763M -1.48625M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 37.57M 44.52M 48.97M 18.08M 3.84M
Intangible assets 4.99M 5.43M 5.08M 5.08M -
Earning assets - - - - -
Other current assets 0.17M 0.22M 0.07M 0.02M 0.00654M
Total liab 1.06M 0.82M 0.68M 0.39M 0.34M
Total stockholder equity 36.51M 43.70M 48.29M 17.69M 3.50M
Deferred long term liab - - - - -
Other current liab - 0.00732M 0.03M -0.02764M 0.21M
Common stock 92.13M 78.33M 76.96M 43.39M 27.94M
Capital stock - 78.47M 77.09M 43.53M 27.94M
Retained earnings -67.31691M -46.11600M -37.57754M -32.93345M -30.55582M
Other liab - - 0.03M - -
Good will - - - - -
Other assets - - - - -
Cash 2.03M 11.12M 26.76M 11.06M 0.83M
Cash and equivalents - - - 11.06M 0.83M
Total current liabilities 0.69M 0.82M 0.64M 0.39M 0.34M
Current deferred revenue - -0.00732M -0.02764M - -
Net debt -1.53947M -11.10933M -26.72477M -11.05553M -0.82993M
Short term debt 0.12M 0.00732M 0.03M 0.03M 0.00000M
Short long term debt - - - - -
Short long term debt total 0.49M 0.00732M 0.03M 0.03M -
Other stockholder equity 0.14M -38.04236M -45.20532M -14.42480M 4.04M
Property plant equipment - 3.93M 12.60M 3.41M 0.53M
Total current assets 6.26M 13.24M 27.36M 11.13M 0.85M
Long term investments - 21.93M 3.93M 3.54M 2.46M
Net tangible assets - 38.27M 43.21M 17.69M 3.50M
Short term investments 2.92M 11.12M 0.03M - -
Net receivables 0.07M 1.10M 0.53M 0.02M 0.02M
Long term debt - - - - -
Inventory 1.07M 0.79M 0.79M 0.05M -
Accounts payable 0.57M 0.82M 0.61M 0.39M 0.13M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 11.56M 11.35M 8.77M 7.09M 6.12M
Additional paid in capital - - - - -
Common stock total equity - - - - 27.94M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - -31.28578M -21.61441M -6.94580M -2.98700M
Deferred long term asset charges - - - - -
Non current assets total 31.31M 31.29M 21.61M 6.95M 2.99M
Capital lease obligations - 0.00732M 0.03M - -
Long term debt total - 0.00000M 0.00732M 0.00000M 0.00000M
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Investments 0.27M -5.51091M -10.60117M -1.21005M -1.03167M
Change to liabilities - 0.21M 0.24M 0.09M 0.02M
Total cashflows from investing activities - -5.51091M -10.60117M -4.11925M -1.55737M
Net borrowings - -0.02764M -0.10953M -0.10953M -0.10953M
Total cash from financing activities 13.86M 1.35M 29.89M 15.68M 2.51M
Change to operating activities - -0.17913M -0.04451M -0.00899M 0.00014M
Net income -21.20091M -8.53846M -4.64409M -2.37763M -1.48625M
Change in cash -9.08783M -15.64308M 15.70M 10.23M 0.14M
Begin period cash flow 11.12M 26.76M 11.06M 0.83M 0.69M
End period cash flow 2.03M 11.12M 26.76M 11.06M 0.83M
Total cash from operating activities -23.21772M -11.65800M -3.58213M -1.33251M -0.81090M
Issuance of capital stock 14.01M 1.38M 29.89M 15.68M 2.30M
Depreciation 2.28M 0.58M 0.06M 0.04M 0.04M
Other cashflows from investing activities 2.21M 2.92M 0.06M 0.21M -1.03167M
Dividends paid - - - - -
Change to inventory -0.27644M -0.79381M -0.20012M -0.08453M -0.02145M
Change to account receivables 1.03M -0.51109M -0.46744M -0.04685M -0.01676M
Sale purchase of stock - 1.38M 29.89M 15.68M 2.30M
Other cashflows from financing activities -0.14936M -0.02764M -10.60117M -4.11925M -1.55737M
Change to netincome - -2.41929M 1.29M 1.01M 0.67M
Capital expenditures 1.36M 2.58M 9.15M 3.17M 0.53M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -0.12527M -1.27606M -0.26732M 0.04M 0.00469M
Stock based compensation 0.35M 0.34M 1.51M 1.03M 0.67M
Other non cash items -4.17643M -0.17074M 1.61M -0.02233M 0.67M
Free cash flow -24.57769M -14.23799M -12.72943M -4.49764M -1.33660M

Peer Comparison

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Company 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		 0.001 16.67% 0.007 - - 14.22 0.86 - -17.1599
BHP
BHP Group Limited		 0.37 0.92% 40.61 15.90 10.57 3.61 2.88 2.39 5.65
RIO
Rio Tinto Ltd		 0.52 0.43% 120.61 11.25 14.86 3.59 2.17 2.30 5.60
FMG
Fortescue Ltd		 0.21 1.10% 19.37 6.34 10.15 3.19 1.84 2.01 3.46
S32
South32 Ltd		 0.07 1.99% 3.58 - 30.58 2.81 1.06 1.87 72.76

Reports Covered

Stock Research & News

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Profile

Ionic Rare Earths Limited engages in the mining, refining, and recycling of magnet and heavy rare earth elements in Australia, Uganda, and United Kingdom. Its flagship project is the Makuutu rare earths project that comprises six licenses covering an area of approximately 300 square kilometers located in Uganda. The company 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.

Ionic Rare Earths Ltd

459 Collins Street, Melbourne, VIC, Australia, 3000

Key Executives

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

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