Ioneer (IONR) officially launches the strategic partnering process

Ioneer Ltd (NASDAQ:Ionr) is one of Best ASX strains to buy now. On June 26th, Ioneer Ltd (NASDAQ: IONR) announced the official beginning of its strategic alliance process. This is expected to take at least four months. After completing recent important work, including major ore reserve upgrades and updated project economics, the company has launched a formal strategic partnering process. This is to identify equity partners that will help accelerate the development of Rhyolite Ridge and move the project into production.

A diligent and hard worker who extracts raw lithium from mineral resources.

Ioneer Ltd (NASDAQ: IONR) said the Rhyolite Ridge project happens to be unique in the world’s lithium and boron sectors, with a strong and resilient project economy that is expected to be the lowest quartile of the global lithium cost curve. Additionally, key properties include double revenues from lithium (75%) and boron (25%), as well as unique lithium boron deposits that allow for the production of high-purity chemicals at mining sites.

Ioneer Ltd (NASDAQ: IONR) has also announced an unwritten stock purchase plan with the aim of winning up to $500,000. This follows the successful completion of the $25 million institutional placement for qualified and sophisticated institutional investors. The consensus price target for Ioneer Ltd (NASDAQ: IONR) stocks was $5.68.

While acknowledging the potential for IONR to grow, our belief lies in the belief that some AI stocks hold a greater commitment to deliver higher returns and have limited downside risk. If you’re looking for AI stocks that are more promising than Ionr and potentially upside 100 times, check out our report on this Cheapest AI stocks.

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