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ioneer Ltd (ASX:INR)

ALERT: Price-sensitive ASX Announcement for INR
Current share price for INR : $0.115 -0.04 (-25.81%)+
Announcement
Release
8 Jul 2026 9:04AM
Price at Release
$0.155
Full Release
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Summary
Ioneer Ltd announced the signing of non-binding Memorandums of Understanding (MOUs) with the Korea Overseas Infrastructure & Urban Development Corporation (KIND) and Hyundai Engineering Co. Ltd to advance the Rhyolite Ridge Lithium-Boron Project in Nevada. KIND is considering an equity investment, while Hyundai Engineering may engage in procurement-related activities. These MOUs reflect the strategic importance of the project in securing a domestic supply of critical minerals in the United States and Korea. Rhyolite Ridge is noted for being one of the few lithium-boron ore deposits globally and has already achieved significant milestones, including over 70% of its advanced engineering work and final federal permitting. Once operational, it is expected to create numerous permanent jobs and process ore into final products on-site.
Key Points
  • Ioneer Ltd announced the signing of non-binding MOUs with KIND and Hyundai Engineering.
  • The MOUs aim to advance the Rhyolite Ridge Lithium-Boron Project in Nevada.
  • KIND and Hyundai Engineering are considering equity investment and procurement activities respectively.
  • Rhyolite Ridge is a vital project for securing critical minerals supply in the US and Korea.
  • The project has completed over 70% of its advanced engineering work and received final federal permits.
  • Rhyolite Ridge will create 275 to 300 permanent jobs and process ore on-site.
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.