ioneer

Rhyolite Ridge lithium-boron mine, Nevada

AU/USpublicioneer.com (opens ioneer.com)Checked 11 Oct

The brief

Analyst view
  • Only known lithium-boron deposit in North America; one of two in the world.
  • Fully permitted since Oct 2024; a court upheld the permit in Mar 2026 (appeal pending).
  • Needs a partner before building: Korea's KIND and Hyundai Engineering signed non-binding MOUs in Jul 2026.

Technical approach

As reported
Ore

Hard sedimentary rock, not brine or spodumene

Lithium and boron sit together in a low-clay rock rich in the boron mineral searlesite, so one quarry yields two products and boron offsets weak lithium prices.

Leach

Acid leaching on site

Crushed ore is soaked in sulfuric acid in vats, which dissolves both lithium and boron into one solution.

Products

Two products from one stream

Evaporating the solution crystallises boric acid out; lithium is then recovered from the remaining liquid and turned into battery-grade chemicals.

Footprint

No ponds, own power

No evaporation ponds. An on-site sulfuric acid plant makes the leach acid, and its waste heat makes steam and power, so the site runs off the Nevada grid.

Primer