Sibanye-Stillwater in US$610M ioneer deal

ONE of world's largest platinum and gold producers, South Africa's Sibanye-Stillwater, has agreed to pick up a 50% interest in ASX-listed ioneer's Rhyolite Ridge lithium-boron project in Nevada for a cool US$490 million.

Sibanye-Stillwater in US$610M ioneer deal Sibanye-Stillwater in US$610M ioneer deal Sibanye-Stillwater in US$610M ioneer deal Sibanye-Stillwater in US$610M ioneer deal Sibanye-Stillwater in US$610M ioneer deal

Rhyolite Ridge is said to be the most advanced US lithium project

The deal terms will also see Sibanye-Stillwater contribute a further $70 million into ioneer's coffers by taking a position on the Australian concern's register as part of a subscription agreement