Ioneer Ltd (IONR)

[TradingCharts]

Rhyolite Ridge, Nevada

Sibanye-Stillwater Limited is pleased to announce that it has reached agreement with ioneer Limited (ioneer) to establish a joint venture with respect to the Rhyolite Ridge Lithium-Boron Project (Joint Venture). Following the satisfaction of all conditions precedent as detailed in Transaction Details, in paragraph 4 below, Sibanye-Stillwater will contribute US$490 million for a 50% interest in the Joint Venture, with ioneer maintaining a 50% interest and retaining the operational management responsibility for the Joint Venture.

In addition, Sibanye-Stillwater has agreed to subscribe for a strategic placement of new ordinary shares in ioneer equal to 7.1% of ioneer’s ordinary share capital post placement, for approximately US$70 million.

https://www.sibanyestillwater.com/news-investors/news/transactions/nevada-rhyolite-ridge/