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Ioneer has initiated the formal strategic partnering course of to determine an fairness companion to expedite the event and manufacturing graduation of its Rhyolite Ridge lithium-boron mission within the US state of Nevada.
The choice follows the completion of serious milestones, together with an ore reserve improve and up to date mission economics.
Goldman Sachs is offering monetary advisory providers to help Ioneer all through this course of, which is anticipated to final a minimal of 4 months.
The Rhyolite Ridge mission stands out within the world lithium and boron markets owing to its distinctive lithium-boron deposit. It facilitates the manufacturing of high-purity chemical compounds instantly on the mine website.
The mission has twin income streams, with lithium accounting for 75% and boron for the remaining 25%.
It additionally options sturdy mission economics, with all-in sustaining prices projected to be within the lowest quartile of the worldwide lithium value curve.
Rhyolite Ridge additionally advantages from being a permitted, massive mineral useful resource and ore reserve.
The mission has garnered substantial help from each private and non-private sectors and is taken into account shovel-ready with a Class 2 capital value estimate and 70% of engineering accomplished.
Including to its monetary readiness, Ioneer has secured a $996m mortgage from the US Division of Power Mortgage Applications Workplace. The mortgage consists of capitalised curiosity throughout development of $28m and circumstances to the primary draw.
This monetary backing is complemented by present lithium and boron offtake agreements with companions, positioning the mission for enlargement.
In June 2025, Ioneer obtained agency commitments to boost $16m via a placement of recent shares to advance the Rhyolite Ridge mission.
“Ioneer begins strategic seek for companion in US lithium-boron mission” was initially created and revealed by Mining Expertise, a GlobalData owned model.
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