Today’s findings provide further evidence that Tiehm’s buckwheat can thrive while Ioneer sustainably and responsibly provides a critical source of domestic lithium to the U.S.RENO, Nev. (May 3, 2023) – Today Ioneer (ASX: INR, Nasdaq: IONR) CEO, Bernard Rowe, and the company’s full-time botanist, Florencia Peredo Ovalle, detailed the company’s latest efforts to protect and conserve Tiehm’s buckwheat. The findings, shared at the company’s greenhouse dedicated solely to research and conservation, demonstrated success in growing new Tiehm’s buckwheat plants from seeds collected from the known populations.
Ioneer has taken considerable steps to protect the native Nevada plant and supported the listing of Tiehm’s buckwheat as an endangered species by the US Fish and Wildlife Service in December. Prior to the formal federal classification, the company contributed more than $1.5 million to ensure the plant’s long-term growth and success. Ioneer has budgeted an additional $1 million annually to the plant’s protection.
“Ioneer is committed to ensuring Tiehm’s buckwheat thrives while working diligently to sustainably develop our Rhyolite Ridge Project, which will add a critical supply of lithium and boron to the U.S. electric vehicle supply chain to reduce greenhouse gas emissions and address climate change,” said Ioneer CEO, Bernard Rowe.
“Ioneer is pleased to share today’s propagation and growth findings. We look forward to building on our longstanding efforts in tending to Tiehm’s buckwheat and enhancing existing scientific understanding of this unique and special plant,” said Florencia Peredo Ovalle, Ioneer’s full-time botanist.
Besides Ioneer’s ongoing permitting work with federal agencies, the company has also taken numerous voluntary measures to protect the plant and its habitat and minimize any potential impacts from the project’s development. In May 2020, Ioneer submitted a Project Plan of Operations to the Bureau of Land Management (BLM) which detailed the company’s specific actions to protect the air quality, biology, groundwater, soils, and rangeland around the Rhyolite Ridge facility. In 2022, Ioneer submitted a revised plan to BLM that included the creation of a quarter-mile radius to designate protected land for Tiehm’s buckwheat.
Photos and B-roll video are available for download here: https://flanzmedia.app.box.com/s/mtjixonj0j52nf4nvx3nayl46xgiqgqv
About Ioneer
Ioneer Ltd is the 100% owner of the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA, the only known lithium-boron deposit in North America and one of only two known such deposits in the world. The Definitive Feasibility Study (DFS) completed in 2020 confirmed Rhyolite Ridge as a world-class lithium and boron project that is expected to become a globally significant, long-life, low-cost source of lithium and boron vital to a sustainable future. In September 2021, Ioneer entered into an agreement with Sibanye-Stillwater where, following the satisfaction of conditions precedent, Sibanye- Stillwater will acquire a 50% interest in the Project, with Ioneer maintaining a 50% interest and retaining the operational management responsibility for the joint venture. In January 2023, Ioneer received a conditional commitment from the U.S. Department of Energy Loan Programs Office for up to $700 million of debt financing. Ioneer signed separate offtake agreements with Ford Motor Company and PPES (joint venture between Toyota and Panasonic) in 2022 and Korea’s EcoPro Innovation in 2021.
