Rwenzori Rare Metals Limited a Ugandan private company which owns 100% of the Makuutu Project. IonicRE is a 60% owner of Rwenzori, and has signed a conditional share purchase agreement to acquire an additional 34% interest in the strategic Makuutu Rare Earths Project, taking its ownership to 94% on completion.
The remaining stake is held by the South African registered Rare Earth Elements Africa Proprietary Limited (REEA) and by Ugandan Partners.
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