ioneer Limited (AU:INR) has released an update.
Ioneer Ltd. has secured US$25.1 million through a share placement to propel its Rhyolite Ridge Lithium-Boron Project towards a final investment decision by December 2024. The funding will be used for detailed engineering, environmental permits, and general corporate purposes, with construction expected to begin shortly after the investment decision. The project, which is set to significantly impact the US electric vehicle supply chain, has attracted strong interest from both new and existing shareholders.
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