ioneer Ltd American Depositary Shares - IONR STOCK NEWS

Ioneer (ASX: INR, NASDAQ: IONR) has achieved a significant milestone for its Rhyolite Ridge Lithium-Boron Project with the publication of the Final Environmental Impact Statement (EIS) by the Bureau of Land Management. This marks a important step towards construction, making Rhyolite Ridge the first lithium project to reach this advanced stage under the Biden Administration's efforts to boost U.S. lithium production.

The project, located in Esmeralda County, Nevada, is set to quadruple the nation's lithium supply and create hundreds of jobs. It aims to reduce reliance on foreign suppliers and develop a domestic source of materials for the U.S. electric vehicle battery production supply chain. Following a 30-day statutory waiting period, a Record of Decision (ROD) is expected in October 2024, potentially allowing construction to begin after a Final Investment Decision (FID). Ioneer anticipates commercial production to commence in 2028.

Ioneer's Rhyolite Ridge Project progresses towards construction with the release of the U.S. Federal Government's Draft Environmental Impact Statement. The project aims to commence operations in 2027, contributing to domestic lithium production for EV battery supply chains.

Ioneer Ltd and EcoPro Innovation Co Ltd have signed a Research and Development Memorandum of Understanding (MOU) to research, test, and develop lithium clay at Ioneer's Rhyolite Ridge site in Nevada. The agreement includes funding from EcoPro for a commercial lithium hydroxide refining plant. The goal is to produce refined lithium materials for the U.S. EV battery supply chain. Stage 1 of Rhyolite Ridge is in the final phase of U.S. federal review process and is expected to produce an annual average of 20,600 tonnes of lithium carbonate and 174,400 tonnes of boric acid. The partnership aims to increase the supply of refined lithium materials and create jobs in Nevada.

Ioneer Ltd (ASX: INR, NASDAQ: IONR) announced a significant 168% increase in lithium resources at its Rhyolite Ridge Lithium-Boron project in Nevada, which can support up to 50 million electric vehicles. This increase reflects a total deposit of 360.0 million tonnes, comprising 3.4 million tonnes of lithium carbonate equivalent and 14.1 million tonnes of boric acid equivalent. The project aims to enhance U.S. lithium supply chains and is expected to quadruple domestic lithium chemical output post-permitting and construction. The operational strategy includes an on-site processing facility to boost efficiency and minimize environmental impacts. The mine plan is currently under NEPA review with adherence to environmental regulations to protect endangered species.

Ioneer Ltd (ASX: INR, Nasdaq: IONR) has secured a Conditional Commitment from the U.S. Department of Energy (DOE) for a proposed loan of up to US$700 million to support its Rhyolite Ridge Lithium-Boron Project in Nevada. This loan, part of the DOE's Advanced Technology Vehicles Manufacturing program, has a term of approximately 10 years at fixed interest rates based on U.S. Treasury rates. The funding is crucial for completing preliminary capital expenditures and represents a significant milestone in bolstering the U.S. domestic electric vehicle supply chain. Successful financial closure will depend on various conditions, including a positive Record of Decision.

Ioneer Ltd has announced significant progress on its Rhyolite Ridge Lithium-Boron Project in Nevada, with the U.S. Bureau of Land Management issuing a Notice of Intent for the project. This milestone advances the project through the NEPA permitting process, crucial for the approval of its Plan of Operations. The project aims to support the U.S. transition to sustainable energy by supplying lithium and boron for electric vehicle production, with expected first production in 2026. Additionally, the project is set to generate around 400-500 construction jobs and 250-300 operating jobs in Nevada.

Ioneer Ltd announced a non-binding Memorandum of Understanding (MOU) with Shell Canada Energy for the annual purchase of up to 500,000 tonnes of sulphur for its Rhyolite Ridge Lithium-Boron Project in Nevada. This agreement secures a vital reagent for ore processing, critical for developing the project. Following a Letter of Intent from December 2019, both companies intend to negotiate a Definitive Agreement. Ioneer's Managing Director highlighted the importance of sulphur in producing carbon-free power and steam, while Shell expressed enthusiasm for the collaboration on decarbonisation solutions.

ioneer Ltd (NASDAQ: IONR) is celebrating its recent Nasdaq listing by ringing the Closing Bell at MarketSite in New York on August 3, 2022. This milestone follows the commencement of trading under the IONR symbol on June 30, 2022. The company has secured two significant lithium offtake agreements with Ford Motor Company and Prime Planet Energy & Solutions. As demand for lithium grows in the electric vehicle sector, ioneer aims to supply enough lithium for approximately 400,000 electric vehicles annually from its Rhyolite Ridge project, projected to begin operations in 2025.

ioneer has signed a 5-year binding lithium carbonate offtake agreement with Prime Planet Energy & Solutions (PPES), a joint venture of Toyota and Panasonic. This agreement entails the supply of 4,000 tonnes per annum from ioneer's Rhyolite Ridge project in Nevada, accounting for approximately 19% of the project's annual output. Production is expected to start in 2025, with a projected average of 20,600 tonnes of lithium carbonate per year. This partnership aims to bolster the U.S. electric vehicle supply chain and promote vehicle electrification.