ioneer Ltd (ASX:INR) director John Daniel Hofmeister has purchased about 1.15 million shares in the company valued at $239,456.
The purchase was completed via on-market trades and increases Hofmeister’s direct holding in the company to about 1.46 million shares.
Ioneer’s sole focus is Rhyolite Ridge in Nevada, which is the world's number one mining investment destination, according to the Fraser Institute's latest survey.
The company’s studies have indicated that it will be the world’s lowest cost lithium producer with the long-life Rhyolite Ridge project, and this is enhanced by boron.
Rhyolite Ridge has already shown its colours with a positive pre-feasibility study demonstrating robust project economics.