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ioneer Limited ( (AU:INR) ) just unveiled an announcement.
Ioneer Limited has made significant progress in advancing its Rhyolite Ridge Project, despite challenges in the global lithium sector. The company is on the verge of a Final Investment Decision and is in the process of securing a strategic partner with the help of Goldman Sachs. Key milestones include receiving a favorable Record of Decision from the Bureau of Land Management and securing a substantial loan from the U.S. Department of Energy, which strengthens the project’s financial foundation. The withdrawal of Sibanye-Stillwater from the joint venture has allowed Ioneer to seek a more strategically aligned partnership. The project is positioned as a world-class asset with low-cost production and strong economic resilience, underpinned by sustainable operations and environmental stewardship.
The most recent analyst rating on (AU:INR) stock is a Buy with a A$0.36 price target. To see the full list of analyst forecasts on ioneer Limited stock, see the AU:INR Stock Forecast page.
More about ioneer Limited
Ioneer Limited operates in the mining industry, focusing on the production of lithium and boron. The company is primarily engaged in the development of the Rhyolite Ridge Project, which aims to establish a significant lithium-boron operation in the United States, contributing to the supply of critical minerals for battery production and national security applications.
Average Trading Volume: 10,270,779
Technical Sentiment Signal: Buy
Current Market Cap: A$480.2M
For an in-depth examination of INR stock, go to TipRanks’ Overview page.