Ionic Rare Earths Limited (ASX:IXR) has lodged a proposed issue of securities notice with ASX, disclosing plans to issue 48,250 fully paid ordinary shares to service providers as consideration for services rendered, with the proposed issue date of 13 November 2026.

Key Points

  • Ionic Rare Earths proposes to issue 48,250 fully paid ordinary shares on 13 November 2026
  • Shares are to be issued to service providers as consideration for services rendered, not for cash
  • The estimated AUD equivalent of the consideration is $0.50
  • The securities will be issued using the company's 15% placement capacity under ASX Listing Rule 7.1, without security holder approval
  • The new securities will rank equally in all respects with existing issued ordinary shares from their issue date

Proposed Issue of Shares to Service Providers

According to the filing lodged on 13 November 2026, Ionic Rare Earths Limited proposes to issue 48,250 fully paid ordinary shares classified under ASX security code IXR. The shares are stated to be issued as consideration for services rendered by service providers and are not being issued for a cash consideration. The estimated AUD equivalent of the consideration provided for the securities is disclosed as $0.50. The filing confirms no external approvals or other conditions are required before the issue can proceed on an unconditional basis.

Listing Rule Capacity and Security Holder Approval

The filing discloses that the 48,250 securities are proposed to be issued without security holder approval, utilising the company's 15% placement capacity under ASX Listing Rule 7.1. No securities are proposed to be issued under the company's additional 10% placement capacity available under Listing Rule 7.1A. The filing further states that no party referred to in Listing Rule 10.11 is participating in the proposed issue, and no securities to be issued will be restricted securities or subject to voluntary escrow under the listing rules.

Issue Timetable and Additional Terms

The proposed issue date for the 48,250 ordinary shares is 13 November 2026. The filing confirms there is no lead manager, broker, or underwriter involved in the proposed issue, and no other material fees or costs in connection with the issue are disclosed. The company stated it will not be changing its dividend or distribution policy if the proposed issue proceeds. Any on-sale of the securities proposed to be issued within 12 months of their issue date will comply with secondary sale provisions by virtue of the publication of a cleansing notice under the relevant sections of the Corporations Act.