Ioneer Secures US Army Land Lease Conditional Award for Utah Critical Mineral Processing Facility, Shares Rise 7%

MT Newswires Live
06/26

Ioneer (ASX:INR) received a conditional award from the US Army for a long-term land lease on the Tooele Army Depot in Utah for the purpose of establishing a critical mineral processing facility, according to a Friday Australian bourse filing.

The army is seeking to establish domestic processing capacity for boron in its collaboration with Ioneer USA. A formal lease agreement is in negotiation, and an initial operating capability is targeted by, or

ahead of 2028.

Its shares rose 7% in recent trading on Friday.

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