Ionic Rare Earths reviews Makuutu as Western buyers circle

Ionic Rare Earths has started a strategic review of its Makuutu project in Uganda, responding to Western demand for supply of medium and heavy rare earths outside Chinese control.

The review comes after China tightened rare earth export rules in October 2025, requiring special licences for so-called dual-use items with both civilian and military applications. The decision has pushed Western buyers to look for alternatives.

Makuutu is one of the most advanced ionic adsorption clay projects globally that has not committed product to China, the company said. Its output is 45% heavy rare earths, the kind used in magnets for electric vehicles and defence gear.

Managing Director Tim Harrison said interest in Makuutu had grown since China announced further restrictions on heavy rare earth exports, with enforcement due from November 2026.