Ioneer Limited Advances Rhyolite Ridge Project
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Ioneer Limited, an Australian company, is advancing its Rhyolite Ridge Lithium-Boron Project in Nevada. The company received a federal permit and secured a US$996 million loan from the U.S. Department of Energy. Ioneer reported a quadrupled Ore Reserve estimate of 247 million tonnes and a 45% increase in its Mineral Resource estimate to 510 million tonnes. The company is seeking a strategic equity partner to move towards the Final Investment Decision and aims to start construction soon, focusing on sustainable critical mineral production.
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