|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.1936 - 0.2092|
|52 Week Range||0.1700 - 0.6230|
|Beta (5Y Monthly)||1.67|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Ioneer Ltd (ASX:INR, OTC:GSCCF) managing director Bernard Rowe discusses with Proactive a term sheet with the US Department of Energy (DOE) for up to US$700 million to help finance construction of ...
WASHINGTON (Reuters) -The U.S. Energy Department said on Friday it will lend ioneer Ltd up to $700 million to build its Rhyolite Ridge lithium mining project in Nevada, a major step forward in President Joe Biden's plan to develop a domestic electric vehicle supply chain. Ioneer shares were up 16.3% at $16.30 on Friday afternoon in New York. The loan, which was approved by Energy Secretary Jennifer Granholm, would be the first by Washington to a U.S. mining project for lithium, a key ingredient used to make electric vehicle batteries.
ioneer Ltd ("Ioneer" or the "Company") (ASX: INR, Nasdaq: IONR) is pleased to announce finalisation of a term sheet and offer of a Conditional Commitment1 for a proposed loan of up to US$700 million2 from the U.S. Department of Energy (DOE) Loan Programs Office for financing the construction of the Rhyolite Ridge Lithium-Boron Project in Nevada, USA.