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An update from ioneer Limited ( (AU:INR) ) is now available.
Ioneer Ltd has initiated a strategic partnering process to find an equity partner to accelerate the development of its Rhyolite Ridge Project, following an upgrade in ore reserves and project economics. The project, located in Nevada, is notable for its unique lithium-boron deposit, strong project economics, and significant financial backing, positioning it as a strategic asset in the global lithium market. The process, advised by Goldman Sachs, is expected to take at least four months and aims to enhance Ioneer’s industry positioning and operational capabilities.
The most recent analyst rating on (AU:INR) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on ioneer Limited stock, see the AU:INR Stock Forecast page.
More about ioneer Limited
Ioneer Ltd is an emerging producer in the lithium-boron industry, owning the Rhyolite Ridge Lithium-Boron Project in Nevada, USA. It is recognized for its unique lithium-boron deposit, which is one of only two known such deposits globally. The company has secured significant financial backing, including a US$996 million loan from the U.S. Department of Energy, and has established offtake agreements with major companies like Ford and Prime Planet & Energy Solutions.
Average Trading Volume: 4,495,137
Technical Sentiment Signal: Sell
Current Market Cap: A$247.8M
For an in-depth examination of INR stock, go to TipRanks’ Overview page.