The owner of a Nevada lithium mining project is confident of finding a new investor despite a slump in the price of the metal, as it eyes a role in the push to build a domestic critical minerals industry in the US.
Australia-based Ioneer is seeking a new partner to replace South Africa’s Sibanye-Stillwater, which pulled out of a deal to buy a 50 per cent stake in the Rhyolite Ridge project for just under $500mn.
The Nevada mine, which has received government approval and been granted a loan of almost $1bn, is part of the US’s efforts to break its dependence on China for critical minerals crucial to the energy transition.
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