ioneer surges on $700 mln loan offer from U.S.

Ioneer

13/01/2023 16:42

** U.S.-listed shares of Australia-based lithium producer
ioneer Ltd  INR.AX   IONR.O  up 19.9% at $16.8, their highest
pct gain in over a year
    ** U.S. Energy Department offers to lend up to $700 mln to
co's Rhyolite Ridge LLC project to mine lithium carbonate for
electric vehicle batteries in Nevada  urn:newsml:reuters.com:*:nFWN33Y16P
    ** Project could potentially support production of lithium
for approximately 370,000 EVs each year, the department said
    ** Shares up 12.87% since it went public in June last year
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))