Ioneer Ltd

Quarterly Activities Report For The Period Ending 31 December 2022

Ioneer Ltd (“Ioneer” or “the Company”) (ASX: INR, Nasdaq: IONR), an emerging lithium-boron supplier, is pleased to report on its activities for the quarter ending 31 December 2022 and to provide an update on the development of its 100%-owned Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada (“Rhyolite Ridge Project” or “the Project”).


Highlights

  • U.S. Department of Energy offers conditional commitment for a loan of up to US$700 million for the Rhyolite Ridge Project (announced Jan 16, 2023)
  • Rhyolite Ridge Project advances into final stage of permitting
    • BLM published Notice of Intent
    • Major milestone toward completion of the NEPA process and approval of the Project’s Plan of Operations
  • U.S. Fish and Wildlife Service establishes formal clarification in line with expectations, through decision to list Tiehm’s buckwheat as an endangered species
  • Memorandum of Understanding signed with Shell Canada Energy for sulphur supply
  • Detailed engineering and procurement activities advancing
  • Dedicated Tiehm’s buckwheat greenhouse completed and operational
Ioneer Managing Director, Bernard Rowe said:

“Once again, we enjoyed a quarter marked by some very significant milestones, culminating in the United States Department of Energy (DOE) offering the Company a Conditional Commitment for a loan of up to US$700m in January. I regard this as the most significant milestone in the history of the Company and a testament to the countless hours of hard work by the Ioneer team over the past six years.

In early December, we announced an MOU with Shell Canada for the supply of sulphur, then in mid-December the U.S. Fish and Wildlife Service, as anticipated, announced the listing of Tiehm’s buckwheat, closely followed by the BLM’s decision to publish a Notice of Intent (NOI) that advances Rhyolite Ridge into the final stage of permitting.

Both the NOI and DOE conditional loan commitment mark significant and important milestones toward the realisation of the Rhyolite Ridge Lithium-Boron Project and reflect the hard work and dedication of everyone involved, including the Ioneer and Stantec teams working closely with the BLM and cooperating agencies.

We are greatly encouraged by these events as we understand the Rhyolite Ridge Project is the first lithium project to be issued a NOI under the Biden Administration and the loan would be the first-ever by the DOE to provide financing for the processing component of a project where lithium is extracted and refined at site. We see these as significant steps toward ensuring a strong domestic supply of critical and strategic materials necessary for development of a domestic battery supply chain essential to the electrification of transportation in the U.S.

Our Project is uniquely positioned in the U.S., and has been engineered to ensure a stable, long- term, environmentally sustainable source of lithium. Now, with conditional debt and equity commitments of nearly US$1.2 billion, we are well positioned to commence construction upon receipt of final permitting.”


Click here for the full ASX Release

This article includes content from Ioneer Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

INR:AU
The Conversation (0)
Red Tesla electric vehicle with lithium-ion battery icon in corner.

Where Does Tesla Get its Lithium? (Updated 2024)

As the energy transition continues to unfold, US electric vehicle (EV) pioneer Tesla (NASDAQ:TSLA) has been making moves to secure supply of the raw materials it needs to meet its production targets.

Lithium in particular has been top of mind for CEO Elon Musk. Back in 2020, the battery metal had a spotlight moment at Tesla’s Battery Day, when Musk shared that the company had bought tenements in the US state of Nevada, and was looking for a new way to produce lithium from clay — a process yet to be proven at commercial scale.

Lithium prices went on to hit all-time highs, but swiftly declined last year and continuing on a downward trend in 2024. Prices for other key battery metals have also decreased as EV sales growth has fallen across most global markets in the face of economic uncertainty and higher interest rates. According to Goldman Sachs research, EV battery costs are at record lows and are forecasted to fall by 40 percent between 2023 and 2025.

Keep reading...Show less
Livium Ltd

Livium Awarded ~A$850k Grant by WA Government to Develop a Battery Recycling Facility

Livium Ltd (ASX: LIT) ("Livium" or the "Company") is pleased to announce that its wholly owned subsidiary Envirostream Australia Pty Ltd ("Envirostream") - which is leading Australia's battery recycling industry - has been awarded a -AS850k grant from the Western Australia ("WA") government. This funding will be used to support the development of Envirostream's battery recycling facility in WA, marking a significant milestone in Envirostream's efforts to build a nationwide solution for electronic waste ("e-waste") management.

Keep reading...Show less
Total Voting Rights

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules ("DTRs") of the Financial Conduct Authority (the "FCA"), CleanTech Lithium, an exploration and development company advancing lithium projects in Chile for the clean energy transition, announces that as at the date of this announcement the Company's issued share capital consists of 167,889,592 ordinary shares of 1p each with voting rights (the "Ordinary Shares").

Keep reading...Show less
Lithium Universe (ASX:LU7)

Entitlement Issue Prospectus

Lithium Universe (ASX:LU7) presents this entitlement issue prospectus.

Keep reading...Show less

Latest Press Releases

Related News

×