Australia's Ioneer rises on funding to advance lithium project

Ioneer

30/04/2024 02:26

** Shares of Ioneer Ltd  INR.AX  rise as much as 8.3% to
A$0.195, set to gain most since April 15 - if gains hold
    ** The lithium-boron producer receives commitments for
placement to raise US$25.1 million at US$0.1177 per share
    ** Co is well funded to advance the Rhyolite Ridge project -
a lithium-boron project, through to final investment decision
expected in December 2024
    ** Stock hits its highest level since April 24
    ** Stock has risen 20% this year as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))