Ion Energy Ltd ( (TSE:ION) ) has provided an update.
Lithium ION Energy Ltd. has entered into a joint venture with SureFQ Ltd. to advance the Urgakh Naran project in Mongolia, maintaining a 20% interest and securing significant development funding. This partnership aims to enhance production capabilities amid low lithium prices, promising potential growth and value for stakeholders. Additionally, ION has settled debts with creditors through share issuance and decided not to pursue a previously announced business combination with United Rare Earths, as it continues to seek strategic opportunities in lithium and critical metals.
More about Ion Energy Ltd
Lithium ION Energy Ltd. is focused on exploring and developing high-quality lithium resources in strategic locations. The company operates the Baavhai Uul lithium brine project, the largest lithium brine exploration license in Mongolia, and the Urgakh Naran lithium brine license in Dorngovi Province, Mongolia.
YTD Price Performance: 3.33%
Average Trading Volume: 15,140
Technical Sentiment Signal: Buy
Current Market Cap: $2.06M
Learn more about ION stock on TipRanks’ Stock Analysis page.