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The latest update is out from ioneer Limited ( (AU:INR) ).
Ioneer Ltd has secured an upsized US$996 million loan from the U.S. Department of Energy to accelerate the development of its Rhyolite Ridge Lithium-Boron Project. This significant investment underscores the strategic importance of domestic critical mineral production, aiming to create jobs, support American manufacturers, and reduce reliance on foreign sources for lithium and boron. With construction set to commence in 2025, the project is expected to significantly enhance the U.S. supply of these minerals, powering electric vehicles and contributing to sustainable mining practices.
More about ioneer Limited
Ioneer Ltd is an emerging supplier in the lithium-boron industry, focusing on the development of its Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada. The company is dedicated to establishing a domestic supply chain for critical minerals, positioning itself as a key player in the American manufacturing sector by providing essential battery components.
YTD Price Performance: 17.00%
Average Trading Volume: 127,103
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $256.9M
For detailed information about INR stock, go to TipRanks’ Stock Analysis page.
