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ioneer Ltd (ASX:INR)

ALERT: Price-sensitive ASX Announcement for INR
Current share price for INR : $0.115 -0.095 (-45.24%)+
Announcement
Release
30 Jan 2026 9:53AM
Price at Release
$0.210
Full Release
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Summary
Ioneer Ltd has announced a successful institutional placement to raise approximately US$50 million (A$72 million) by issuing around 400 million new shares at A$0.18 per share, which represents a 14.3% discount to the closing price on 28 January 2026. The funds will be used to advance the Rhyolite Ridge Lithium-Boron Project, which is crucial for onshoring U.S. production of critical minerals. The placement was well-supported by both new and existing shareholders, underscoring market confidence in the project. The proceeds will be directed towards long lead items, advancing project readiness, environmental permitting, and other project-related costs. The new shares will rank equally with existing ordinary shares and are expected to commence trading on 6 February 2026.
Key Points
  • Ioneer secures US$50 million to advance U.S. onshoring of critical minerals.
  • The placement involves issuing approximately 400 million new shares at A$0.18 each.
  • The funds will accelerate the development of the Rhyolite Ridge Project.
  • The project is the only permitted, shovel-ready lithium-boron project in the U.S.
  • Bell Potter Securities and Canaccord Genuity acted as joint lead managers.
  • The placement is a strong endorsement of Ioneer’s strategy for U.S. critical minerals production.
  • Proceeds will be used for project readiness, environmental permitting, and other costs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.