futrcash
3 weeks ago
Ioneer’s Rhyolite Ridge Lithium-Boron Project Receives Final Permit Approval from U.S. Federal Government; Construction Planned for 2025
October 24 2024 - 2:00PM
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Project will quadruple U.S. lithium output, create hundreds of high paying jobs in rural Nevada
Ioneer Ltd (“Ioneer”) (ASX: INR, NASDAQ: IONR) received its federal permit for the Rhyolite Ridge Lithium-Boron Project from the Bureau of Land Management. With the positive decision, Rhyolite Ridge becomes the first U.S. lithium project approved by the Biden Administration as part of its efforts to accelerate domestic critical mineral production and advances the Esmeralda County, Nevada investment toward construction in 2025 and first production in 2028.
Rhyolite Ridge will supply the batteries for more than 370,000 American-made electric vehicles annually and process crucial battery materials on-site in the United States. The project will create an estimated 500 jobs during construction and 350 high paying jobs during its decades in operation.
“For more than six years, we have worked closely with state, federal and tribal governments, as well as the Fish Lake Valley community, to ensure the sound and sustainable development of our Rhyolite Ridge Lithium-Boron Project. We value our relationships with these stakeholders and appreciate their openness to engage, discuss concerns and develop solutions. Without that open and honest dialogue, such an outcome could never have been possible,” said Ioneer Managing Director Bernard Rowe. “This permit gives us a license to commence construction in 2025 and begin our work in creating hundreds of good-paying rural jobs, generating millions in tax revenue for Esmeralda County, and bolstering the domestic production of critical minerals.”
“I can say with absolute confidence there are few deposits in the world as impactful as Rhyolite Ridge. Today’s approval of Ioneer’s federal permit is the culmination of countless hours of work and a testament to our remarkable team’s dedication to developing and building one of the most sustainable mining projects in the country,” said Ioneer Executive Chairman James Calaway. “We are pleased by what we have achieved working with the Biden Administration, and by the bi-partisan support we have received at the federal, state and local levels.”
The formal Record of Decision (ROD) follows the issuance last month of the final Environmental Impact Statement (EIS)1 by the BLM, which incorporated public feedback received during the April-June open comment period, and concludes the rigorous and comprehensive formal federal permitting process, which began in early 2020. Ioneer’s pre-permitting work began in early 2019 and, in December 2022, the company formally entered the final stages of the National Environmental Policy Act (NEPA) review, as required by all projects on federal lands.
Ioneer enacted major changes to the project throughout the permitting process resulting in a stronger, more sustainable project that incorporates the needs and concerns of all stakeholders. They include:
Major modification to the location of the western wall of the quarry to avoid Tiehm’s buckwheat, an endangered species adjacent to the project designated in December 2022,
Relocation of all possible infrastructure and related disturbance to areas outside of critical habitat identified because of its potential to support pollinators for Tiehm’s buckwheat,
Relocation of overburden storage facilities to avoid culturally sensitive sites and other important mitigation measures based on input from tribal site visits and consultation,
Commitments to water conservation,2 and
Commitments to dust, noise and light monitoring as well as mitigation and minimization of impact for the community and nature.
As part of the final EIS, the U.S. Fish and Wildlife Service, which oversees the administration of the Endangered Species Act (ESA), also formally released the ESA Section 7 Biological Opinion concluding Rhyolite Ridge will not jeopardize Tiehm’s buckwheat or adversely modify its critical habitat.
Rhyolite Ridge’s commitment to sustainability extends to its processing facility, for which 70% of engineering is complete, to recycle half of all the water used. As Ioneer’s facility comes online, the company will evaluate and continue to deploy new technologies to further reduce water consumption.
Due to the deposit’s unique minerology, Ioneer will limit its operational footprint by avoiding the use of evaporation ponds and curtail its carbon footprint as its steam-powered facility will operate independently from the Nevada energy grid.
With the project formally approved by the federal government, Ioneer expects to issue updated reserve figures and estimated project costs by December 2024 and advance toward a Final Investment Decision with its financing partners.
Estimated Project Timeline
Ioneer’s estimated timing* for the Rhyolite Ridge Lithium-Boron Project is as follows:
Milestone
Targeted timing
Note
Anticipated Final Investment Decision
1Q 2025
Based on current management estimates and accounting for the Sibanye-Stillwater agreement, U.S. Department of Energy Loan Programs Office conditional loan and any other required funding close.
Construction
36 months
Includes supply of long-lead items and construction. Subject to lead times and when orders are placed.
Anticipated Commercial Production and Delivery to Partners
2028
Produce and process high-grade lithium and boron on-site at Rhyolite Ridge.
*As of October 2024, and subject to change.
This ASX release has been authorised by Ioneer Managing Director, Bernard Rowe.
About Ioneer
Ioneer Ltd is an emerging lithium–boron producer and the 100% owner of the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA. Rhyolite Ridge is the only known lithium-boron deposit in North America and one of only two known such deposits in the world. Once operational, the low-cost, world-class project is expected to power upward of 50 million electric vehicles and will instantly become a globally significant source of critical materials vital to the clean energy transition.
In September 2021, Ioneer entered into an agreement with Sibanye-Stillwater where, following the satisfaction of conditions precedent, Sibanye-Stillwater will acquire a 50% interest in the Project, with Ioneer maintaining a 50% interest and retaining the operational management responsibility for the joint venture. In January 2023, Ioneer received a conditional commitment from the U.S. Department of Energy Loan Programs Office for up to $700 million of debt financing.
Ioneer signed separate offtake agreements with Ford Motor Company and PPES (joint venture between Toyota and Panasonic) in 2022 and Korea’s EcoPro Innovation in 2021.
To learn more about Ioneer, visit www.Ioneer.com/investors.
futr
Important notice and disclaimer
futrcash
7 months ago
SYDNEY, Australia – 5 June 2024 – Ioneer Ltd (“Ioneer”) (ASX: INR, NASDAQ: IONR), is dedicated to developing the Rhyolite Ridge Lithium-Boron Project in a responsible and sustainable manner. The timely conclusion of the Biden administration’s Department of Interior Draft Environmental Impact Statement comment period supports our previously stated expectation of a Final Environmental Impact Statement being published in September 2024 and a Record of Decision in October 2024.
Once operational, Rhyolite Ridge will quadruple the nation’s lithium supply, playing an important role in strengthening the domestic supply chain for minerals critical to the clean energy transition.
As part of our five years of engagement with federal, state and tribal officials and members of the community, we sought to set the new standard for domestic lithium project development. Listening has made our project stronger, and we look forward to addressing feedback to the Bureau of Land Management from the public comment period.
We are excited to complete the remaining steps in the federal permitting process, begin construction, and provide the critical components set to power millions of American electric vehicles.
This ASX release has been authorised by Ioneer Managing Director, Bernard Rowe.
futr
TradingCharts
11 months ago
agblanco, You are singing to the choir.
I spent months harassing Jigar Shah on LinkedIn and all over the internet. To the extent I thought someone would be knocking on my door.
Director @ DOE Loan Programs Office | Project
https://www.linkedin.com/in/jigarshahdc/
Biden is being black mailed by China. No mines have openned in the US under that pedophilas term.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173746490
You, are wrong I do not think ioneer will get a permit under the Biden adminisitration.
Yes, I realize Ioneer and its supporters think they will be permitted,
what's really happening is that the government is playing heads-we-win and tails-we-win. The government issues a conditional loan commitment for $700 million (conditional on permitting).
I gambled on Ioneer and Talon metals would get a permit ealy last year. When permit reform was in the Infation Act, Joe Manchin, sold out America and his party..
I sold both stocks as a tax lose it cost me $50k.
I still get info on many stocks that I do not own anymore, but I still post it.
Manchin, Westerman plot new push for permitting reform
https://www.eenews.net/articles/manchin-westerman-plot-another-push-for-permitting-reform/
Ben Carson said, on PBD Joe Manchin had an offer he could not refuse.
‘He Was Given An Offer He Couldn’t Refuse’ - Did Joe Manchin Sell Out The American People?
TradingCharts
11 months ago
E88: Lithium Pearl Jam. Wilsons Advisorys' Sam Catalano
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TradingCharts
2 years ago
Dragonfly Energy and Ioneer Sign Lithium Supply Agreement
7:30 am ET May 9, 2023 (Globe Newswire)
Partnership Strengthens Domestic Supply ChainGlobeNewswireMay 09, 2023
The agreement moves Dragonfly Energy closer to achieving the Company's mission of establishing a vertically integrated lithium battery cycle, from mining to production to recycling
Nevada Gov. Joe Lombardo states the importance of partnerships like those between Dragonfly Energy and Ioneer are vital to strengthening and diversifying Nevada economy
Agreement advances Nevada production and manufacturing of critical minerals and accelerates domestic electrification pipeline for Lithium battery components
RENO, Nev., May 09, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. ("Dragonfly" or the "Company") (Nasdaq: DFLI), an industry leader in energy storage, and Ioneer Ltd. ("Ioneer") (Nasdaq: IONR, ASX: INR), an emerging lithium-boron producer, today announced a commercial offtake agreement that the Company believes will strengthen U.S. battery supply chains and invest in the production and manufacturing of Nevada-sourced lithium. The agreement between the two Nevada-based companies is expected to pave the way for continued investment in the state and provide Dragonfly with a domestic supply of lithium carbonate, a critical component in lithium iron phosphate battery cells.
The agreement builds on an effort to produce, utilize and recycle lithium, closing the lithium loop in Nevada that Gov. Joe Lombardo has prioritized for his administration, detailed in both his recent State of the State address and his Five Year Strategic Plan.
"This agreement between Dragonfly Energy and Ioneer, and hopefully more like it in the future, are vital to our economy as we work to develop this new industry, secure Nevada's energy independence and close the lithium loop," said Nevada Governor Lombardo. "In the future, we hope to see more Nevada companies creating innovative partnerships like this one, which will help strengthen our economy and demonstrate how Nevada is the lithium capital of North America."
"Deploying our innovative dry powder coating cell manufacturing process is exciting. But ultimately, cell production is only made possible by access to lithium," Dr. Denis Phares, CEO of Dragonfly Energy, said. "This agreement gives us the opportunity to bring our entire manufacturing process not only to the U.S. but to Nevada, from mining to manufacturing to recycling ."
"As the world's demand for lithium in electric vehicle and energy storage increases, the need to secure a reliable and domestic source of lithium is critical. Ioneer is pleased to partner with Dragonfly and deliver these critical materials from Rhyolite Ridge," said Bernard Rowe, managing director and CEO at Ioneer.
The agreement demonstrates Ioneer's tremendous value to the American supply chain. Rhyolite Ridge is one of the most sophisticated undeveloped U.S. lithium projects, and one of few in the world where lithium will be extracted and refined locally. Once federal permitting and construction is complete, Rhyolite Ridge is expected to quadruple current U.S. lithium output. The agreement also moves Dragonfly Energy closer to achieving the company's mission of establishing a vertically integrated lithium battery cycle, from mining to cell and pack production to recycling.
Dragonfly Energy has quickly become an industry leader in lithium-ion battery technology due to numerous patents and alignment with some of the industry's leading consumer brands. The Company assembles lithium-ion battery packs in Nevada today through its popular Battle Born Batteries brand. Dragonfly Energy also believes it is leading the way with its research and development team that has developed patented manufacturing processes and technologies that will be deployed as the company looks to launch its pilot line for nonflammable lithium battery cell production later this year.
About Dragonfly Energy
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada, is a leading supplier of deep-cycle lithium-ion batteries. Dragonfly Energy's research and development initiatives are revolutionizing the energy storage industry through innovative technologies and manufacturing processes. Today, Dragonfly Energy's non-toxic deep-cycle lithium-ion batteries are displacing lead-acid batteries across a wide range of end-markets, including RVs, marine vessels, off-grid installations and other storage applications. Dragonfly Energy is also focused on delivering an energy storage solution to enable a more sustainable and reliable smart grid through the future deployment of its proprietary and patented solid-state cell technology. To learn more, visit https://investors.dragonflyenergy.com/overview/default.aspx
TradingCharts
2 years ago
Ioneer Wednesday, 26 April 2023
Wednesday, 26 April 2023 – Ioneer Ltd (“Ioneer” or the “Company”) (ASX: INR, NASDAQ: IONR) is
pleased to announce an updated Mineral Resource estimate for the South Basin at the Rhyolite Ridge
Lithium-Boron Project located in Nevada, USA. The effective date for the updated Mineral Resource
estimate is March 31, 2023.
WSP USA Inc. (‘WSP’; formerly Golder Associates Inc.) estimated the March 2023 Mineral Resource
and provided the previous (2020) Mineral Resource and Ore Reserve estimates for the Rhyolite Ridge
Definitive Feasibility Study (‘DFS’)2
completed in April 2020.
The updated South Basin Mineral Resource estimate comprises:
• Tonnage increase from 146.5 Mt to 360.0 Mt (up 145%)
• Lithium carbonate equivalent (LCE) increase from 1.2 Mt to 3.4 Mt (up 168%)
• Boric acid equivalent (BAE) increase from 11.9 Mt to 14.1 Mt (up 18%)
• Cut-off grades unchanged at 1,090ppm Li and 5,000ppm B
https://wcsecure.weblink.com.au/pdf/INR/02657829.pdf
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agblanco
11 months ago
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