Proactive Critical Minerals Webinar draws plenty of interest
Four companies presented diverse stories which will all contribute to a future cleaner and greener world.
Company
ASX:INR
Ioneer is an emerging lithium-boron producer poised to become a globally significant producer of two critical minerals. The company's 100%-owned Rhyolite Ridge Lithium-Boron Project will provide a significant new source of two products necessary for permanent magnets, batteries, semiconductors, and military applications — strengthening the U.S. supply chain, reducing reliance on foreign sources, and bolstering national security.
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Four companies presented diverse stories which will all contribute to a future cleaner and greener world.
The emerging lithium-boron supplier is on track for its proposed project development timeline.
The Plan of Operations is the foundational permitting document for the project and will become the basis for compliance during operations and closure.
The company expects to mine and process 63.8 million tonnes over the 26-year mine life at an average annual rate of 2.5 million tonnes.
Calaway will continue his detailed involvement in the company and lead efforts to secure project partners and funding commitments for the lithium-boron project.
The company is aiming to fund its Rhyolite Ridge Lithium-Boron Project in Nevada, US with various sources of capital including strategic partnering, debt and equity.
Ioneer and its advisors are continuing to engage with various interested parties as they move closer to securing the project’s funding solution.
As well as relevant experience, new non-executive director Julian Babarczy has a deep understanding of ioneer’s vision as it enters the next phase of its business.
The distribution and sales agreements are expected to commence in quarter three of 2023 as Rhyolite Ridge production commences.
The project will incorporate best-in-class technology including high-efficiency controls to reduce emissions, lowest emission class mobile equipment and vendor guaranteed sulphur dioxide emissions considered the lowest in the US.
The project is moving closer to approval and development as a long-life, cost effective source of lithium and boron.
The DFS places Rhyolite Ridge as an attractive projects for the economic production of lithium carbonate, lithium hydroxide and boric acid.
The study forms part of a research agreement with the University of Nevada, Reno and will focus on propagation and growth of the herb at Rhyolite Ridge.
The company is well capitalised with total cash on hand of $54.2 million with 84% held in USD cash and cash equivalents as of February 29, 2020.
Tiehm's buckwheat protection plans are progressing well with success in germinating and growing the buckwheat at the University of Nevada, Reno.
The company is set to complete the definite feasibility study for its Rhyolite Ridge Lithium-Boron Project in Nevada in the first quarter of 2020.
The fully underwritten institutional placement was closed on November 26 after raising $40 million.
Rhyolite Ridge definitive feasibility study is on track for completion in the current quarter.
ioneer intends to produce lithium carbonate and boric acid from its flagship Rhyolite Ridge Lithium-Boron Project in Nevada, US.
The Rhyolite Ridge PFS demonstrated the project’s scale, long-life and potential to become the lowest-cost lithium producer in the world as well as the largest lithium producer in the United States.