Australia-based mining company Ioneer Ltd. has received its federal permit for developing the Rhyolite Ridge Lithium-Boron Project in Nevada, US, from the Bureau of Land Management, the company announced Oct. 25.
With the federal permit, the Rhyolite Ridge Lithium-Boron Project in Nevada becomes the first US lithium project approved by the Biden administration, the company said, adding that the move will help in beginning the construction work in 2025, with first production expected in 2028.
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