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ioneer Ltd (ASX:INR)

ALERT: Price-sensitive ASX Announcement for INR
Current share price for INR : $0.130 -0.01 (-7.14%)+
Announcement
Release
23 Jun 2026 8:17AM
Price at Release
$0.140
Full Release
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Summary
ioneer Ltd announced the signing of strategic non-binding letters of intent with KIND and Hyundai Engineering to advance the Rhyolite Ridge Lithium-Boron Project in the United States. These agreements, which are expected to lead to Memorandums of Understanding by July 2026, underline the project's strategic importance for both Korea and the U.S. With over $220 million invested since 2016, ioneer targets a Final Investment Decision in late 2026, aiming for commercial production by 2029. This development promises to create substantial economic benefits, including the creation of 275-300 permanent on-site jobs. However, the LOIs remain non-binding and do not currently impose legal obligations.
Key Points
  • Ioneer Ltd announced strategic non-binding letters of intent with KIND and Hyundai Engineering.
  • The agreements pertain to advancing the Rhyolite Ridge Lithium-Boron Project.
  • The project holds significant strategic value for the Republic of Korea and the United States.
  • Execution of Memorandums of Understanding is expected in July 2026.
  • Ioneer has invested over $220 million in Rhyolite Ridge since 2016.
  • The project targets a Final Investment Decision in the second half of 2026.
  • First commercial production is expected in 2029.
  • Rhyolite Ridge will create 275-300 permanent on-site positions during operations.
  • Updated project economics halve processing time and increase production.
  • The LOIs do not create legally enforceable obligations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.