Mergers & Acquisitions ·
Ioneer Ltd signed non-binding Memorandums of Understanding with Korea Overseas Infrastructure & Urban Development…
IONRioneer Ltd
Ioneer Ltd signed non-binding Memorandums of Understanding with Korea Overseas Infrastructure & Urban Development Corporation (KIND) and Hyundai Engineering to advance its Rhyolite Ridge Lithium-Boron Project, with KIND considering an equity investment. The company received a conditional award from the U.S. Army for a long-term land lease at Tooele Army Depot to establish a critical mineral processing facility. Ioneer completed a pre-feasibility study for battery-grade lithium carbonate production and filed a Form F-3 shelf prospectus to maintain strategic flexibility, holding US$58.84 million in cash as of June 30, 2026. The company operates in the mining industry, specifically developing lithium-boron deposits.