Ioneer’s Rhyolite Ridge Lithium-Boron Project Receives Final Permit Approval from U.S. Federal Government; Construction Planned for 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2024
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Source: Businesswire
Federal Permit Approval: Ioneer Ltd has received federal approval for its Rhyolite Ridge Lithium-Boron Project, marking it as the first U.S. lithium project sanctioned by the Biden Administration, with plans for construction to begin in 2025 and production expected by 2028.
Economic and Environmental Impact: The project is anticipated to create around 850 jobs and supply materials for over 370,000 electric vehicles annually, while incorporating sustainable practices such as water conservation and minimizing environmental impact through stakeholder engagement.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
