ioneer Limited Sponsored ADR (IONR) has released an update.
Ioneer Ltd is set to significantly boost the United States’ lithium supply through its Rhyolite Ridge Lithium-Boron Project, expected to power millions of American electric vehicles upon completion. With the end of the public comment period for the Draft Environmental Impact Statement, the company anticipates the final statement and project decision by late 2024. The project, which also involves a joint venture with Sibanye-Stillwater and has secured a conditional commitment for debt financing, aims to set new standards for domestic lithium production and support the clean energy transition.
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