ioneer Ltd (ASX:INR) has issued unlisted options over ordinary shares to directors in lieu of consideration of director fees.
The options are priced 24.26 cents, exercisable on or after November 14 2020 and expiring on November 14 2024, with an exercise price of 24.26 cents.
ioneer recently confirmed through additional test work that high-quality lithium carbonate can be produced from its 100% owned Rhyolite Ridge Lithium-Boron Project in Nevada, US.
Analysis by an independent third-party confirmed that the key impurities in Rhyolite Ridge lithium carbonate are in-line with or less than the amounts required by customers.
Unlike lithium carbonate produced from brines, the Rhyolite Ridge lithium carbonate is very low in chloride, potassium and sodium.