ioneer Limited ( (AU:INR) ) has shared an announcement.
Ioneer Ltd announced significant developments for the quarter ending March 31, 2025, including the closure of a $996 million loan from the U.S. Department of Energy to advance its Rhyolite Ridge Project. This project is strategically important for the U.S. as it aims to bolster domestic production of critical minerals, with the potential to power 370,000 electric vehicles annually and create numerous jobs. Additionally, Ioneer reported a 45% increase in its Mineral Resource Estimate, enhancing the project’s economic prospects and positioning it as a unique player in the lithium market due to its ability to produce both lithium and boron.
More about ioneer Limited
Ioneer Ltd is an emerging supplier in the lithium-boron industry, focusing on the development of its Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada. The company aims to produce lithium and boron, which are critical components for the American manufacturing supply chain, particularly in the production of electric vehicles.
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