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28 Oct
15:32

LITHIUM: Sibanye-Stillwater invests $70m in Rhyolite Ridge JV project

Australia-based ioneer Ltd and Sibanye-Stillwater have closed on a deal in which Sibanye-Stillwater will invest $70 million through a subscription agreement to help develop the Rhyolite Ridge lithium-boron project in Nevada as a joint venture, Kallanish reports. Sibanye-Stillwater, based in South Africa, acquired 146,862,742 fully paid ordinary shares at the agreed price of AUD 0.06553 ($0.049)/share in that strategic investment. That was approved by ioneer shareh…
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