Ioneer's Rhyolite Ridge Lithium-Boron Project Receives Final Permit Approval From U.S. Federal Government; Construction Planned For 2025; Project Will Quadruple U.S. Lithium Output, Create Hundreds Of High Paying Jobs In Rural Nevada
Portfolio Pulse from Benzinga Newsdesk
Ioneer's Rhyolite Ridge Lithium-Boron Project has received final permit approval from the U.S. federal government, marking it as the first U.S. lithium project approved by the Biden Administration. The project is set to quadruple U.S. lithium output, create hundreds of high-paying jobs in rural Nevada, and begin construction in 2025.
October 24, 2024 | 6:01 pm
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Ioneer's Rhyolite Ridge project has received federal approval, positioning it as a key player in the U.S. lithium market. The project will significantly boost U.S. lithium output and create jobs, aligning with the Biden Administration's goals.
The federal approval of the Rhyolite Ridge project is a major milestone for Ioneer, as it aligns with government priorities and promises to significantly increase U.S. lithium production. This is likely to positively impact Ioneer's stock price in the short term due to the strategic importance of lithium in the renewable energy sector and the creation of jobs.
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