ioneer Limited Sponsored ADR (IONR) has released an update.
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.
For further insights into IONR stock, check out TipRanks’ Stock Analysis page.
