ioneer Ltd, a development stage company, engages in developing a lithium-boron mine and processing facility, known as the Rhyolite Ridge Project, in Esmeralda County, Nevada, the United States.
The Rhyolite Ridge Lithium-Boron Project ('Rhyolite Ridge' or 'the Project') is located on public land administered by the Bureau of Land Management (BLM) of the U.S. Department of Interior. The company holds a 100% interest in the project. Under the terms of the Joint Venture with Sibanye-Stillwater Lim...
ioneer Ltd, a development stage company, engages in developing a lithium-boron mine and processing facility, known as the Rhyolite Ridge Project, in Esmeralda County, Nevada, the United States.
The Rhyolite Ridge Lithium-Boron Project ('Rhyolite Ridge' or 'the Project') is located on public land administered by the Bureau of Land Management (BLM) of the U.S. Department of Interior. The company holds a 100% interest in the project. Under the terms of the Joint Venture with Sibanye-Stillwater Limited (Sibanye-Stillwater), if certain conditions are met and Sibanye-Stillwater makes its equity contribution, Sibanye-Stillwater will acquire a 50% ownership interest in the Joint Venture and the company will operate and retain a 50% interest in the Joint Venture.
Mining Claims
The mineral tenement and land tenure for the Project includes a total of 386 unpatented lode mining claims (totaling approximately 7,861 acres). in three claim groups, held by two wholly owned subsidiaries of the company. Most of the claims, 366 (7,448 acres), are held by ioneer Minerals Corporation, with the remaining 20 claims (413 acres) held by ioneer USA Corporation. The three claim groups include, South Lithium Basin (SLB), Solid Leasable Mineral (SLM), and Rhyolite Ridge (RR).
Marketing
As of June 30, 2023, the primary agreements that the company had entered into hereof included:
Binding lithium offtake supply agreement between the company and EcoPro Innovation Co. Ltd, a three-year agreement for a total of 7,000 tonnes per annum (tpa) of lithium carbonate, upon the commencement of production.
Binding lithium offtake supply agreement between the company and the Ford Motor Company, a five-year agreement for a total of 7,000 tpa of lithium carbonate, upon commencement of production.
Binding lithium offtake supply agreement between the company and Prime Planet Energy & Solutions, Inc. (PPES), a joint venture between Toyota Motor Corporation and Panasonic Corporation, a five-year agreement for a total of 4,000 tpa of lithium carbonate, upon commencement of production.
Binding boric acid offtake agreement between the company and Dalian Jinma Boron Technology, a five-year agreement for 105,000 tpa of boric acid, upon commencement of production.
Three-year boric acid distribution and sales agreement with Kintamani Resources Pte Limited for certain minimum sales volume targets of boric acid, upon commencement of production.
Three-year boric acid distribution and sales agreement with Boron Bazar Limited for certain minimum sales volume targets of boric acid, upon commencement of production.
History
The company was incorporated in 2001. It was formerly known as Global Geoscience Limited and changed its name to ioneer Ltd in 2018.