logo-loader

ioneer's Rhyolite Ridge lithium-boron project in US poised to take advantage of global shift toward sustainable energy solutions

Last updated: 20:15 31 Oct 2023 EDT, First published: 16:31 03 Jan 2023 EST

Snapshot

  • Ioneer bolsters US lithium production through partnership with Korea's EcoPro 
  • ioneer secures first binding lithium offtake agreement with EcoPro Innovation
  • Ioneer updates on permitting and Rhyolite Ridge growth potential
ioneer Ltd - Ioneer's Rhyolite Ridge lithium-boron project poised to take advantage of global shift toward sustainable energy solutions

About the company

Ioneer Ltd (ASX:INR) is the 100% owner of the Rhyolite Ridge Lithium-Boron Project in Nevada, USA, the only known lithium-boron deposit in North America and one of only two known such deposits in the world.

The definitive feasibility study (DFS) completed in 2020 confirmed Rhyolite Ridge as a world-class lithium and boron project that is expected to become a globally significant, long-life, low-cost source of lithium and boron vital to a sustainable future.

How it is doing

31 Oct 2023

Korea's EcoPro Innovation Co Ltd will develop a process to produce refined lithium materials from lithium clay found at Ioneer Ltd’s Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada for the US electric vehicle (EV) battery supply market.

Rhyolite Ridge has two distinct styles of lithium mineralisation, with lithium clay being one of them.

“We are delighted to build upon our partnership with EcoPro," Ioneer executive chairman James Calaway said.

"We look forward to accelerating development of another layer of Rhyolite Ridge mineralisation.

"This partnership provides Ioneer additional financial flexibility to focus on delivering its core investment at Rhyolite Ridge as well as develop growth opportunities.

20 Sep 2023

Ioneer Ltd (ASX:INR, OTC:GSCCF, NASDAQ:IONR) is highly encouraged by its 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 development comes at a time when US domestic demand for lithium is on the rise, bolstered by a 15% increase in the 2035 demand forecast, following the passage of the Inflation Reduction Act.

10 Jul 2023

Ioneer Ltd (ASX:INR, OTC:GSCCF, NASDAQ:IONR), an emerging lithium-boron supplier, has renewed the employment agreement for executive chairman James D Calaway for a further 12-month period, effective July 1, 2023.

Calaway was appointed executive chairman in July 2020 after serving as chair in a non-executive capacity since 2017.

Insight: ioneer secures first binding lithium offtake agreement with EcoPro Innovation

30 Jun 2021

ioneer Ltd (ASX:INR) (OTCMKTS:GSCCF) (FRA:4G1) has inked its first binding offtake supply agreement with EcoPro Innovation Co Ltd, a subsidiary of a South Korean battery maker and the world’s second-largest nickel-cobalt-aluminium oxide (NCA) cathode materials manufacturer.

The offtake deal has a three-year term, over which the ASX-listed lithium-boron developer will provide EcoPro Innovation with lithium carbonate from its Rhyolite Ridge project in Nevada, USA.

What management says

26 Sep 2023

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 time when US domestic demand for lithium is on the rise, bolstered by a 15% increase in the 2035 demand forecast, following the passage of the Inflation Reduction Act. Latest leach tests indicate that up to 79% of the project’s 360 million tonnes mineral resource can be effectively processed. Tests targeted low-boron (Type 3) mineralisation, a material previously excluded from the project's economic analyses but within the mine footprint.

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 09/26/2023