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ioneer hails US$490 million investment to see Rhyolite Ridge into production

Published: 08:30 16 Sep 2021 AEST

ioneer's Bernard Rowe talks Proactive's Andrew Scott through the news this morning that they've reached an agreement to establish a joint venture with Sibanye Stillwater Limited to develop the flagship Rhyolite Ridge lithium-boron project located in Nevada, USA.

He says Sibanye-Stillwater will contribute US$490 million for a 50% interest in the JV with ioneer to maintain a 50% interest and retain operatorship.

Sibanye-Stillwater is a US$10 billion global mining company with a proven track record in large-scale mining projects and has committed to become an important player in the battery materials supply chain.

Ioneer updates on permitting and Rhyolite Ridge growth potential

Ioneer Ltd (ASX:INR, OTC:GSCCF, NASDAQ:IONR) MD Bernard Rowe tells Proactive he’s highly encouraged by the latest leach tests that indicate the Rhyolite Ridge Project has the potential to boost the US domestic supply of lithium, a crucial element for electric vehicle batteries. This comes at a...

on 27/9/23