Ioneer Ltd (GSCCF)
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ioneer: Slow And Steady Progress At Rhyolite Ridge
ioneer's Rhyolite Ridge project has secured key permits and financing, with first production now projected for 2028. Lithium prices have stabilized, supported by production cuts and strong EV growth in China, benefiting ioneer's long-term prospects. The DOE increased ioneer's loan to $996M, offsetting inflation-related construction costs.
Biden boosts loan for ioneer's Nevada lithium mine to nearly $1 billion
The U.S. Department of Energy has finalized a $996 million loan for ioneer's Rhyolite Ridge lithium project, according to documents reviewed by Reuters, an increase of $296 million from a preliminary funding offer and a move aimed at boosting President Joe Biden's green energy legacy.
Environmentalists sue over US approval of ioneer's Nevada lithium mine
Environmental and Indigenous groups on Thursday filed a lawsuit challenging the U.S. Interior Department's approval of ioneer's Rhyolite Ridge lithium mine in Nevada, the first domestic source of the battery metal to be permitted by Democratic President Joe Biden's administration.
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Ioneer Ltd Profile
| Metals & Mining Industry | Materials Sector | Mr. Bernard Anthony Rowe CEO | OTC PINK Exchange | AU0000028946 ISIN |
| AU Country | 30 Employees | - Last Dividend | - Last Split | 30 Jun 2022 IPO Date |
Overview
ioneer Ltd is a trailblazer in mineral exploration and development, with a sharp focus on North America. The company, originally established in 2001 as Global Geoscience Limited, underwent a rebranding to ioneer Ltd in November 2018, signaling a refined strategic direction. Operating from its base in North Sydney, Australia, ioneer's mission is to harness valuable mineral resources, with its primary aim laser-focused on the Rhyolite Ridge lithium-boron project. This flagship project, situated in the state of Nevada, United States, underscores the company's commitment to supplying critical materials necessary for the burgeoning renewable energy and technology sectors.
Products and Services
- Rhyolite Ridge Lithium-Boron Project
As ioneer Ltd's cornerstone initiative, the Rhyolite Ridge Lithium-Boron Project stands out as a significant North American venture aimed at extracting and processing lithium and boron. Located in Nevada, USA, this project is geared towards meeting the increasing global demand for lithium, essential for battery production, and boron, used in numerous industrial and household applications. The strategic significance of Rhyolite Ridge lies in its potential to become a key supplier in the renewable energy and electric vehicle sectors, contributing to the global transition towards greener technologies.
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