Join our daily newsletter At The Bell to receive exclusive market insights
- Ionic Rare Earths (IXR) appoints multi-national military negotiator Jill Kelley as its new Executive Director
- The former diplomat and honorary ambassador will be entitled to a consulting fee of US$10,000 (around A$13,400) per month, plus a sign-on fee of 3.5 million shares in Ionic Rare Earth and 3.5 million performance shares
- The company says it hopes this appointment will aid its progression of key relationships with global groups and increase the company’s presence in North America
- Ionic Rare Earths was trading flat at 3.3 cents at 11:20 am AEST
Ionic Rare Earths (IXR) has appointed a multi-national military negotiator as its new Executive Director.
Jill Kelley has been appointed to the role, with the hope to aid the progression of key relationships with global groups and increase the company’s presence in North America.
As an Executive Director, Jill Kelley will be entitled to a consulting fee of US$10,000 (around A$13,400) per month. As a sign-on fee, the new appointee will be issued with 3.5 million shares in Ionic Rare Earth, and 3.5 million performance shares which will vest when the company signs its first offtake agreement as a result of Jill Kelley’s work.
The new Executive Director was previously an honorary ambassador to the US Central Command and CIA Director, a role which involved regularly meeting with royals, presidents, prime ministers and parliamentarians to foster military, security and economic relationships.
Additionally, Ms Kelley was a recipient of the Pentagon’s esteemed Joint Chiefs of Staff Award for her leadership, along with the Multi-National Military Forces Award.
As a former diplomat, Ms. Kelley was also the youngest appointed Honorary Consul General to South Korea and assisted in passing the ROK Free Trade Agreement, due to her ability to influence and advance international security, trade and economic opportunities.
The company says this appointment is an important step in further engaging with potential end users within the US for its rare earth material from its Makuutu Project in Uganda.
“The addition of Ms. Kelley will enhance IonicRE’s capacity to deliver secure sustainably sourced supply of rare earths to the ever-expanding electric vehicle, communications and defence industries,” said Ionic Rare Earths Chairman, Trevor Benson.
Ionic Rare Earths was trading flat at 3.3 cents at 11:20 am AEST.
