PROJECT FINANCE

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.

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

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 that...

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