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ioneer Limited Sponsored ADR ( (IONR) ) has provided an update.
Ioneer Limited reported a consolidated comprehensive loss of $5.6 million for the half-year ending December 31, 2024, compared to a $2.6 million loss in the previous year. Despite the financial loss, the company secured a $996 million loan from the U.S. Department of Energy to support the development of an on-site processing facility at Rhyolite Ridge, indicating a significant step forward in its project development and potential future market positioning.
More about ioneer Limited Sponsored ADR
Ioneer Limited is an Australian company focused on the development of the Rhyolite Ridge Lithium-Boron Project in Nevada, USA. This project is one of the largest lithium and boron deposits globally, strategically positioned to become a significant domestic lithium producer in the United States.
YTD Price Performance: -7.34%
Average Trading Volume: 31,800
Technical Sentiment Signal: Strong Buy
Current Market Cap: $215.5M
Find detailed analytics on IONR stock on TipRanks’ Stock Analysis page.