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An update from ioneer Limited ( (AU:INR) ) is now available.
Ioneer Limited has secured firm commitments from institutional, professional and sophisticated investors to raise approximately US$50 million (A$72 million) via a single-tranche equity placement of about 400 million new shares at A$0.18 each, a 14.3% discount to its last closing price. The capital injection, backed by new and existing shareholders including offshore and domestic institutions, will accelerate development of the fully permitted, shovel‑ready Rhyolite Ridge Lithium-Boron Project by funding long lead items, early works, project readiness, environmental commitments, other project costs and working capital, strengthening Ioneer’s financial position ahead of a final investment decision and strategic partnering, and reinforcing its role in onshoring U.S. supply of two critical minerals.
The most recent analyst rating on (AU:INR) stock is a Hold with a A$0.21 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 Limited is an Australia-based developer of the Rhyolite Ridge Lithium-Boron Project in the United States, positioned within the critical minerals and battery materials sector. The company aims to become a key U.S. domestic supplier of lithium and boron, targeting the onshoring of critical mineral production to support electrification, clean energy supply chains and related industrial uses.
Average Trading Volume: 6,789,631
Technical Sentiment Signal: Buy
Current Market Cap: A$575M
Learn more about INR stock on TipRanks’ Stock Analysis page.