ioneer Limited Sponsored ADR (IONR) has released an update.
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Ioneer Limited has achieved a significant milestone with the U.S. federal approval of its Rhyolite Ridge Lithium-Boron Project, marking it as the first lithium project greenlit by the Biden Administration. This project, set to boost U.S. lithium output by four times, will create hundreds of high-paying jobs in Nevada and support the production of over 370,000 electric vehicle batteries annually. Construction is slated to begin in 2025, with production to follow in 2028.
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