Ioneer Secures $996 Million Loan for Rhyolite Ridge Project

The latest announcement is out from ioneer Limited Sponsored ADR ( (IONR) ).

Ioneer Ltd announced the closure of a $996 million loan from the U.S. Department of Energy for its Rhyolite Ridge Lithium-Boron Project in Nevada, marking a significant step in advancing domestic critical mineral production. The project, which received final federal permits in October 2024, is expected to generate substantial employment, quadruple the U.S. lithium supply, and contribute to the reduction of global dependence on Chinese and Turkish mineral production, while setting a benchmark for sustainable mining operations.

More about ioneer Limited Sponsored ADR

Ioneer Ltd is an emerging lithium-boron producer and the 100% owner of the Rhyolite Ridge Lithium-Boron Project. It is the only known lithium-boron deposit in North America and a key project in Nevada’s Lithium Loop. Ioneer has signed offtake agreements with major companies, including Ford and a joint venture between Toyota and Panasonic.

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