Sydney, July 31, 2022 /PRNewswire/ —

Highlights:

• Lithium from ioneer’s Rhyolite Ridge Project in Nevada will be shipped directly to Prime Planet Energy & Solutions, Inc. (“PPES”)
• To support the end-to-end electric vehicle supply chain in the US and to fulfill ioneer’s initiatives, ioneer-supplied lithium is produced, refined and incorporated into lithium-ion batteries by PPES, driving electrification in the US market becomes
• The binding agreement, which has a term of five years, covers a total of 4,000 tonnes per year of lithium carbonate from ioneer’s Rhyolite Ridge lithium-boron operation Nevada and represents about 19% of annual production in the first 5 years of production
• Prime Planet Energy & Solutions is a joint venture battery company of Toyota Motor Corporation and Panasonic Corporation

ioneers Executive Chairman, Jacob Calawaysaid:

“ioneer is grateful to announce another important milestone for our company with a lithium carbonate offtake agreement with PPES. PPES is a world-class organization and we look forward to being their trusted partner. This and the previously announced agreements with Ford and EcoPro solidifies ioneer’s focus on EV supply chain infrastructure in the U.S. We look forward to providing PPES and all our offtake partners with lithium materials for their growth in the global EV market.”

President of the PPES, Hiroaki Koda said:

“I am excited about the great partnership with ioneer in the battery supply chain that can drive the electrification of vehicles towards a carbon neutral society. An agreement with ioneer offers PPES a first step in securing a US supply of lithium, one of the key parts for correspondence with the fast-growing electric vehicle industry. We have confidence in ioneer’s sediment lithium refining technology and its competitiveness and expect it to strengthen the PSA supply chain.”

ioneer Ltd (“ioneer” or “the Company”) (INRIONRan emerging lithium boron supplieris…