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Ioneer reports US$54.55M cash, advances Rhyolite Ridge engineering and strategic partnering
IONRioneer Ltd
Ioneer Ltd reported US$54.55 million in cash as of September 30, 2026, providing sufficient funding through the completion of its strategic partnering process, final investment decision, and early construction works for the Rhyolite Ridge Lithium-Boron Project. The company began engineering on the project access road and commenced a drill program to delineate resources and gather geotechnical data. A pre-feasibility study was completed for a proposed 10,000-tonne-per-annum boron carbide plant at the Tooele Army Depot. Ioneer expects its strategic partnering process with Korean partners KIND and Hyundai Engineering to conclude in Q4 2026. The company operates as an emerging lithium-boron producer developing critical mineral projects in Nevada.