Ionic Rare Earths Limited (ASX: IXR) has appointed Mr. Brett Lynch as executive chairman, effective immediately.
Mr. Lynch is an experienced executive with a background in mining and mining-related businesses across Australia, Asia, USA, and emerging markets. He has over 30 years’ experience in international business development and management, with an outstanding track record of delivering shareholder value. He has a Bachelor of Mining Engineering at University of Melbourne.
Tim Harrison, managing director, commented, “Mr. Lynch will play a pivotal role in overseeing the strategic direction of the company, guiding the company through an accelerated path to becoming a rare earth producer, and drive value appreciation for shareholders.”
Lynch will work closely with the board of directors, the executive team, and all stakeholders to ensure that IonicRE continues to deliver on its objective to be a leading miner, refiner, and recycler of heavy rare earths.
“The market demand in the magnet sector is growing quickly and requires a robust and reliable supply chain solution to meet the needs of modern economies,” Mr. Lynch said. “IonicRE is perfectly placed to accelerate and lead this transition with its Makuutu ionic clay deposit in Uganda and its magnet recycling operations in Northern Ireland.”
From 2019 until August 2023, Mr. Lynch was managing director of Sayona Mining Limited (ASX: SYA), where he was instrumental in defining a North American, low-carbon-footprint lithium supply chain into the North American market. During his time with Sayona, Mr. Lynch oversaw its growth from a junior explorer to an ASX 200 company.
In addition, Mr. Lynch will make a substantial initial investment in Ionic given his strong conviction in the company’s potential.
To find out more, please visit www.ionicre.com
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