Ioneer Limited Advances Rhyolite Ridge Project
Ioneer Limited, an Australian company, is advancing its Rhyolite Ridge Lithium-Boron Project in Nevada. The company received a federal permit and secured a US$996 million loan from the U.S. Department of Energy. Ioneer reported a quadrupled Ore Reserve estimate of 247 million tonnes and a 45% increase in its Mineral Resource estimate to 510 million tonnes. The company is seeking a strategic equity partner to move towards the Final Investment Decision and aims to start construction soon, focusing on sustainable critical mineral production.
Ioneer Limited is an Australian company focused on the development of the Rhyolite Ridge Lithium-Boron Project in Nevada, USA, positioning itself as a significant player in the critical minerals sector. In its latest earnings report, Ioneer highlighted key achievements, including receiving a federal permit for its Rhyolite Ridge Project and securing a substantial US$996 million loan from the U.S. Department of Energy. The company also announced a significant increase in its Ore Reserve estimate, which quadrupled to 247 million tonnes, and a 45% increase in its Mineral Resource estimate to 510 million tonnes. Ioneer is actively seeking a strategic equity partner to advance the project to the Final Investment Decision stage, with the aim of commencing construction soon. Looking ahead, Ioneer remains focused on securing a strategic partner, obtaining necessary approvals, and beginning construction of its lithium and boric acid operation, which is expected to be a low-cost and sustainable source of critical minerals.
