New ioneer mineral resource update finds 168% increase in estimated lithium at rhyolite ridge

Reno, nev.--(business wire)--today ioneer ltd (asx: inr, nasdaq: ionr) released new findings showing a 168% increase of lithium within its rhyolite ridge lithium-boron project. the nevada site is now estimated to hold enough lithium carbonate, a critical material in electric vehicle battery production, to power upward of 50 million electric vehicles with further expansion potential pending additional exploration. in the coming years, u.s. demand for lithium is expected to soar to keep pace with.
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