ioneer's Rhyolite Ridge Project Update

ioneer Ltd (ASX: INR, NASDAQ: IONR) has achieved a significant milestone in advancing its Rhyolite Ridge Lithium-Boron Project in Nevada, USA. The project has received the Final Environmental Impact Statement (EIS) publication by the Bureau of Land Management (BLM), marking a crucial step towards construction. This development underscores ioneer's commitment to environmental stewardship and sustainable development, positioning it as a key player in the domestic supply of critical materials for the clean energy transition.

Executive Commentary on Rhyolite Ridge Project

Since ioneer's work at Rhyolite Ridge began in 2016, we have listened to members of the community and adapted our plans to maximize the project's economic benefits while minimizing indirect impacts to the community and environment. Rhyolite Ridge is stronger because of the extensive collaboration and input from all involved stakeholders. Today's issuance not only advances the Rhyolite Ridge project but brings the United States closer to a more secure and sustainable source of domestic critical minerals. - Bernard Rowe, Managing Director, ioneer. The publication of the Final EIS is a significant milestone for Rhyolite Ridge. This achievement underscores our company's unwavering commitment to environmental stewardship and sustainable development. We look forward to the conclusion of the 30-day statutory waiting period and timely issuance of the Record of Decision to advance Rhyolite Ridge into construction. We are eager to get to work in contributing to the domestic supply of critical materials essential for the transition to a clean energy future. - James Calaway, Executive Chairman, ioneer.

Summary of ioneer's Rhyolite Ridge Project

ioneer's Rhyolite Ridge Lithium-Boron Project has cleared a major U.S. federal permitting step with the publication of the Final Environmental Impact Statement (EIS) by the Bureau of Land Management (BLM). This advancement reflects ioneer's commitment to environmental stewardship and sustainable development. The project's progress aligns with the Biden Administration's efforts to accelerate U.S. lithium production and reduce reliance on foreign suppliers. Upon the conclusion of the 30-day waiting period, the issuance of the Record of Decision (ROD) is expected, paving the way for construction to commence. The project's estimated timeline indicates production commencement in 2028, contributing to the domestic supply of critical materials essential for the clean energy transition. ioneer's collaboration and adherence to rigorous standards demonstrate its dedication to maximizing economic benefits while minimizing environmental impacts, positioning Rhyolite Ridge as a significant source of critical materials vital to the clean energy future.