A core mission of ioneer is to develop a sustainable U.S. based source of lithium and boric acid that can be efficiently produced and delivered to customers domestically and internationally.
Lithium production at Rhyolite Ridge equates to supplying batteries for approximately 400,000 electric vehicles annually.
Lithium is a critical raw material to enable technologies that reduce climate change. It is an irreplaceable component for batteries essential to electric vehicles and green energy storage systems that lead to emission reductions.
Boric acid is a rare, critical raw material. It is used in more than 100 unique applications, such as in powerful magnets for electric cars and wind turbines, and advanced glass for televisions, computers, handheld electronic devices, and solar panels.
Economic deposits containing borates are extremely rare and production is dominated by two major companies with over 80% of world supply. No mines in the world currently produce both borates and lithium and Rhyolite Ridge represents a unique opportunity to have a world-class, politically secure U.S. source of both critical raw materials.