An update from ioneer Limited ( (AU:INR) ) is now available.
Ioneer Ltd has announced a development agreement with Esmeralda County, Nevada, to support the Rhyolite Ridge Lithium-Boron Project. This partnership aims to enhance local infrastructure and public services, providing an estimated $5-7 million in benefits and over $10 million in road upgrades. The project is expected to generate significant economic activity, creating jobs and fiscal revenue for the county. The agreement includes commitments to local hiring, public safety resources, and environmental measures, reflecting Ioneer’s dedication to community engagement and sustainable development.
More about ioneer Limited
Ioneer Ltd is an emerging lithium-boron producer and the sole owner of the Rhyolite Ridge Lithium-Boron Project, which is the only known lithium-boron deposit in North America and one of only two such deposits globally. The company plays a crucial role in Nevada’s Lithium Loop and has secured significant financial backing, including a $996 million loan from the U.S. Department of Energy. Ioneer has also established offtake agreements with major companies like Ford, Toyota-Panasonic joint venture, and Korea’s EcoPro Innovation.
YTD Price Performance: -19.00%
Average Trading Volume: 79,743
Technical Sentiment Signal: Strong Buy
Current Market Cap: $185.2M
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