ioneer to Ring Nasdaq Closing Bell to Commemorate US Listing
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.
- Successfully listed on Nasdaq under the symbol IONR on June 30, 2022.
- Secured two binding lithium offtake agreements with major companies, Ford and Prime Planet Energy & Solutions.
- Rhyolite Ridge project expected to supply lithium for approximately 400,000 electric vehicles annually, beginning in 2025.
- None.
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- ioneer Ltd ("ioneer" or "the Company") (ASX: INR, NASDAQ: IONR), an emerging lithium–boron supplier, announced it will ring the Closing Bell at Nasdaq MarketSite in Times Square, New York today at 4:00 p.m. ET to celebrate its recent listing on the exchange.
The Company began trading on Nasdaq through an American Depositary Receipt (ADR) program on June 30, 2022, under the symbol IONR. To commemorate the occasion, ioneer Executive Chairman James Calaway and CEO Bernard Rowe will ring the Closing Bell this afternoon alongside members of the company's board of directors and senior management team.
The bell ringing comes just days after ioneer announced it has entered into its second and third binding lithium offtake agreements, finalizing the total planned lithium carbonate output and representing a significant milestone for the company and the United States' domestic electric vehicle supply chain. An agreement with Ford Motor Company was announced on July 22, 2022, and an agreement with Prime Planet Energy & Solutions, Inc., a joint venture between Toyota Motor Corp. and Panasonic Corp., was announced on July 31, 2022.
ioneer Executive Chairman James Calaway said:
"We are honored to celebrate our Nasdaq listing by ringing today's Closing Bell. I would like to thank our shareholders as well as the ioneer team and board of directors for their dedication and support throughout this process."
As a critical mineral in powering electric vehicles, global demand for lithium is rapidly increasing as countries like the U.S. shift resources to drive a successful transition to a clean energy future. ioneer's Rhyolite Ridge project, expected to come onstream in 2025, will become a major domestic supplier of refined lithium products, with enough supply of lithium materials for approximately 400,000 electric vehicles each year.
The Closing Bell ceremony will begin at 3:45 p.m. ET. Interested parties may tune into the live stream on the Nasdaq website here.
Contacts
Matt Dempsey | Alex Cowie |
FTI Consulting | NRW Communications |
Investor & Media Relations (USA) | Investor & Media Relations (Aus) |
T: +1 202 412 4241 | T: +61 412 952 610 |
ioneer Ltd is the
View original content:https://www.prnewswire.com/news-releases/ioneer-to-ring-nasdaq-closing-bell-to-commemorate-us-listing-301599003.html
SOURCE ioneer
FAQ
What is ioneer's stock symbol on Nasdaq?
When did ioneer start trading on Nasdaq?
What are the recent offtake agreements announced by ioneer?
What is the significance of the Rhyolite Ridge project?
What event is ioneer celebrating on August 3, 2022?
