SYDNEY, Dec. 7, 2022
/PRNewswire/ -- Ioneer Ltd ("Ioneer" or "the Company") (ASX:
INR, Nasdaq: IONR), an emerging lithium-boron supplier,
announces the signing of a non-binding Memorandum of Understanding
(MOU) with Shell Canada Energy ("Shell") for sale of sulphur to
Ioneer for its Rhyolite Ridge Lithium-Boron Project ("the Project")
in Esmeralda County, Nevada.
Securing the supply of key reagents for ore processing is an
important step along the critical pathway to developing the
Rhyolite Ridge Project. Under the MOU, Ioneer will purchase up to
500,000 tonnes of high-quality sulphur annually from Shell, which
would fulfil the estimated annual sulphur requirement for the
Project.
The signing of the MOU builds upon the Letter of Intent (LOI)
signed in December 2019 and, with a
binding commitment to negotiate exclusively with one another, it is
the intention of both parties to advance the MOU into a Definitive
Agreement at the appropriate time.
Ioneer and Shell also intend to collaborate through strategic
initiatives focused on accelerating the energy transition.
Ioneer's Managing Director, Bernard
Rowe, said:
"With this MOU, Ioneer takes another key step
to secure sulphur for the Rhyolite Ridge Lithium-Boron Project.
Sulphur is a primary input for our process as it will be converted
into the sulphuric acid required for leaching the ore as well as
releasing heat which is recovered to produce carbon free power and
steam for the facility. Shell is an ideal partner for this
effort, and we look forward to furthering our partnership together
on additional decarbonisation solutions while providing materials
for a sustainable future."
Peter Zissos, GM Global Sulphur
& Thiogro from Shell, highlighted:
"We are excited to expand our partnership
with Ioneer to include the sale of sulphur while collaborating on
various decarbonisation solutions. Sulphur's second largest
use is for mining, including for the extraction of EV metals like
lithium. With safe and reliable delivery of sulphur to customers
like Ioneer, Shell Sulphur Solutions is delivering inputs critical
for renewable energy production and management."
This ASX release has been authorised
by Ioneer Managing Director Bernard Rowe.
Investor and Media Contacts
Chad Yeftich
Ioneer USA Corporation
|
Jason Mack
ioneer Limited
|
Investor & Media
Relations (USA)
|
Investor & Media
Relations (AUS)
|
T: +1 775 993 8509
|
T: +61 410 611
709
|
E:
ir@ioneer.com
|
E:
ir@ioneer.com
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About Ioneer
Ioneer Ltd is the 100% owner of the Rhyolite Ridge Lithium-Boron
Project located in Nevada, USA,
the only known lithium-boron deposit in North America and one of only two known such
deposits in the world. The Definitive Feasibility Study (DFS)
completed in 2020 confirmed Rhyolite Ridge as a world-class lithium
and boron project that is expected to become a globally
significant, long-life, low-cost source of lithium and boron vital
to a sustainable future. In September
2021, Ioneer entered a 50/50 joint venture agreement with
Sibanye Stillwater Ltd to advance the Rhyolite Ridge project.
The Company has signed lithium offtake agreements Ford Motor
Company, PPES (joint venture between Toyota Motor Corporation and
Panasonic Corporation) and EcoPro Innovation. Ioneer will be the
operator of the Project, which is expected to come onstream in
2025.
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SOURCE ioneer