Hyundai backs ioneer’s Nevada lithium-boron project

Mining

06/23

Shares in Australian lithium developer ioneer (ASX: INR) jumped after securing support from two South Korean engineering and infrastructure groups for its Rhyolite Ridge project in Nevada, a key US ...

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However, the South African miner walked away in February 2025 from a proposed $490 million investment for a 50% stake in the project.\nRhyolite Ridge hosts the continent’s only known lithium-boron reserve and is one of only two such deposits globally, according to ioneer. The company has invested more than $220 million in the project since 2016 and completed more than 70% of its advanced engineering work. It’s s targeting a final investment decision in the second half of 2026. \nOnce operational, the project is expected to produce 27,800 tonnes a year of lithium hydroxide and 135,500 tonnes a year of boric acid, with all processing conducted on site.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}