ioneer Co-Sponsors Event Supporting Cross-Country EV Rally
Nevada officials tout importance of lithium at Charge Across America reception
Wednesday, 10 November 2021 – This month, emerging lithium-boron producer ioneer Ltd (ASX: INR) co-sponsored an Innovations in EVs Event in connection with a first of its kind ten-day cross-country electric vehicle rally across the United States. Charge Across America is a race featuring five teams driving from New York City to Los Angeles, which aims to demystify electric vehicles and highlight key gains in the electric vehicle space across the US.
“We view a global shift to electric vehicles as central to our mission,” said ioneer Managing Director Bernard Rowe. “As the most developed lithium project in the United States, ioneer is proud to support this exciting event.”
At the November 8 event hosted by Charge Across America in Las Vegas, several Nevada elected leaders touted the importance of emerging technologies and Nevada’s critical role in the transition to electric vehicles.
As Senator Catherine Cortez Masto said in a statement: “Nevada’s emergence as a world leader in the lithium-ion battery economy is such great news, and it couldn’t come at a better time. We are committed to transforming that convoluted supply-chain and utilizing the assets we have in Nevada to bring profound environmental benefits to the battery manufacturing and recycling process. We know how to do these projects right.”
Electric vehicle sales are expected to escalate to over 25 million units by 2028. Located in Nevada, ioneer’s Rhyolite Ridge lithium-boron project is ideally positioned to supply the key geographic markets for lithium.
Michael Brown, Director of the Nevada Governor’s Office of Economic Development, also commented: “By undertaking this journey, these [Charge Across America] teams are making a major statement to the public, to policymakers, and to manufacturers: that off the lot, electric vehicles are fully capable of traveling coast to coast.
To help fuel the electric vehicle boom on the horizon, the lithium supply-chain is being developed right here in our backyard.”
“We’d like to thank Charge Across America and Senator Cortez and Mr. Brown for their leadership and support for domestic projects, such as Rhyolite Ridge, which will supply the critical materials necessary to execute on our climate goals,” said Mr. Rowe.
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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 and signed a separate offtake agreement with Korea’s EcoPro Innovation in 2021. ioneer will be the operator of the Project, which is expected to come onstream in 2025.
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