ioneer's Bernard Rowe talks Proactive's Andrew Scott through the news this morning that they've reached an agreement to establish a joint venture with Sibanye Stillwater Limited to develop the flagship Rhyolite Ridge lithium-boron project located in Nevada, USA.
He says Sibanye-Stillwater will contribute US$490 million for a 50% interest in the JV with ioneer to maintain a 50% interest and retain operatorship.
Sibanye-Stillwater is a US$10 billion global mining company with a proven track record in large-scale mining projects and has committed to become an important player in the battery materials supply chain.