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What is the Significance of Ionic Rare Earths Mining Licence Granted for the Makuutu Project? — ASX:IXR| ASX Mining News & Discussion
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Lykeshares Official
$IXR What is the Significance of Ionic Rare Earths Mining Licence Granted for the Makuutu Project?
Makuutu Heavy Rare Earths Project: A Milestone in Uganda's Mining Industry

Ionic Rare Earths Limited (ASX: IXR) or IonicRE, a key player in the rare earths market, announced a significant advancement for its Makuutu Heavy Rare Earths Project in Uganda. On December 28, 2023, the Ugandan Directorate of Geological Survey and Mines (DGSM) provisionally granted the Stage 1 Large Scale Mining Licence (LML00334), marking a pivotal moment in Uganda's mining history.

First of Its Kind in Uganda

The granting of LML00334 is particularly noteworthy as it represents the first large-scale mining licence awarded in Uganda under the new Mining Act 2022. The Ugandan Minister of Energy and Mineral Development, Dr. Ruth Nankabirwa Ssentamu, is expected to formalize this development by signing the necessary documents, followed by gazetting.

Strategic Importance of the Makuutu Project

The Makuutu Project, led by IonicRE, stands as one of the world’s largest and most advanced development-ready heavy rare earth element assets. ...
What is the Significance of Ionic Rare Earths Mining Licence Granted for the Makuutu Project?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?