ioneer’s Rhyolite Ridge Nears Construction Phase

ioneer Limited Sponsored ADR (IONR) has released an update.

ioneer Ltd announced that its Rhyolite Ridge Lithium-Boron Project in Nevada has reached a pivotal milestone with the publication of the Final Environmental Impact Statement (EIS) by the Bureau of Land Management, moving the project closer to construction. This positions Rhyolite Ridge as the first lithium project under the Biden Administration to reach this advanced environmental permitting stage, with the potential to quadruple U.S. lithium supply and contribute significantly to the domestic electric vehicle battery production supply chain. Construction is planned to commence following a positive Record of Decision expected in October 2024, with production anticipated to start in 2028.

For further insights into IONR stock, check out TipRanks’ Stock Analysis page.