Australia's Ioneer signs MoUs with S.Korea's KIND, Hyundai Engineering for lithium-boron project

Hyundai Engineering & Construction

08/07/2026 24:53

July 8 (Reuters) - Australian lithium miner Ioneer INR.AX said on Wednesday that it has signed separate non-binding memorandums of understanding with South Korea's KIND and Hyundai Engineering to help advance its Rhyolite Ridge lithium-boron project.

Here are some details:
Under the MOUs, Korea Overseas Infrastructure & Urban Development Corporation (KIND) is considering an equity investment in the project, and Hyundai Engineering is evaluating the provision of certain procurement-related activities for the project.
The MoUs were signed by the firms' executives at the U.S. Department of Energy offices in Washington.
"With the entry into MOUs with KIND and Hyundai Engineering, we are one step closer to a Final Investment Decision," Ioneer Executive Chairman James Calaway said.
Once operational, Rhyolite Ridge will process ore into final products entirely on-site and create and support 275 to 300 permanent positions in rural Nevada, Ioneer said.
Ioneer said there can be no certainty that the MOUs will lead to legally binding agreements.


 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Sherry Jacob-Phillips)
 ((Shivangi.Lahiri@thomsonreuters.com;))