Rhyolite Ridge Lithium-Boron Project Closes Upsized $996 Million Loan From U.S. Department of Energy to Accelerate Domestic Critical Mineral Production
Ioneer Ltd (ASX: INR, Nasdaq: IONR) (Ioneer) announced the closing of a $996 million loan from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) under the Advanced Technology Vehicles Manufacturing (ATVM) program to support the development of an on-site processing facility at the Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada.
Ioneer’s Rhyolite Ridge Lithium-Boron Project Receives Final Permit Approval from U.S. Federal Government; Construction Planned for 2025
Ioneer Ltd (“Ioneer”) (ASX: INR, NASDAQ: IONR) received its federal permit for the Rhyolite Ridge Lithium-Boron Project from the Bureau of Land Management. With the positive decision, Rhyolite Ridge becomes the first U.S. lithium project approved by the Biden Administration as part of its efforts to accelerate domestic critical mineral production and advances the Esmeralda County, Nevada investment toward construction in 2025 and first production in 2028.
Ioneer’s Rhyolite Ridge Project Clears Major U.S. Federal Permitting Step, Advances Toward Construction
Ioneer Ltd (“Ioneer”) (ASX: INR, NASDAQ: IONR) moved one step closer toward construction at its Rhyolite Ridge Lithium-Boron Project following announced publication by the Bureau of Land Management (BLM) of the project’s Final Environmental Impact Statement (EIS).
Ioneer’s Rhyolite Ridge Project Moves Toward Construction
Ioneer Ltd (“Ioneer”) (ASX: INR, NASDAQ: IONR), moved one step closer toward construction at its Rhyolite Ridge Lithium-Boron site, following the Bureau of Land Management’s (BLM) planned issuance of the project’s draft Environmental Impact Statement (EIS), as referenced in the BLM’s statement on 12 April 2024.1 The pending release of this draft EIS is the first to be issued from the Biden Administration as part of its efforts to accelerate domestic lithium production. It is the result of years of effective collaboration between Ioneer and federal, state and local agencies and Tribal Nations. It marks a key milestone in the environmental permitting review process for the proposed greenfield project in Esmeralda County, Nevada, set to inject a critical supply of integral transition materials into the U.S. EV battery production supply chain.
Ioneer’s expanded partnership with EcoPro to bolster U.S. lithium production
Today, Ioneer Ltd (Ioneer or the Company) (ASX: INR, NASDAQ IONR), an emerging lithium–boron producer, and EcoPro Innovation Co Ltd (“EcoPro”), a global leader in battery grade high purity lithium hydroxide conversion, signed a Research and Development (“R&D”) Memorandum of Understanding (“MOU”).
New Ioneer Mineral Resource update finds 168% increase in estimated lithium at Rhyolite Ridge
Today Ioneer Ltd (ASX: INR, NASDAQ: IONR) released new findings showing a 168% increase of lithium within its Rhyolite Ridge Lithium-Boron project. The Nevada site is now estimated to hold enough lithium carbonate, a critical material in electric vehicle battery production, to power upward of 50 million electric vehicles with further expansion potential pending additional exploration.
