ioneer sets stage in busy quarter as it motors towards Rhyolite Ridge construction
Following the global shift toward electric vehicles to cut carbon emission, and the likely start of production from its Rhyolite Ridge Lithium-Boron Project in Nevada, USA, the company is expecting a surge in business in coming quarters. A DFS completed in April 2020 confirmed Rhyolite Ridge as a world-class lithium and boron project.
ioneer Ltd (ASX:INR) (OTCMKTS:GSCCF) made solid progress with pre-development activities, including financing, during the March quarter at its 100%-owned Rhyolite Ridge Lithium-Boron Project in Nevada, USA.
Among the highlights was the completion of a fully underwritten institutional placement with strong demand from new and existing institutional investors, including large US and European investment groups, to raise around A$80 million.
ioneer has the funds in place to start construction in Q4 this year following A$80 million raise
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