PartnershipJun 26, 2026, 08:56 AM
Ioneer gets conditional U.S. Army award for boron facility lease
AI Summary
Ioneer Ltd announced it has received a conditional award from the U.S. Army for a long-term land lease at the Tooele Army Depot in Utah. This award is for establishing a critical mineral processing facility to secure a domestic boron supply chain. Ioneer is one of four companies selected for this initiative, which aims to strengthen national defense and domestic supply chains. Development is expected to commence in 2027, with initial operating capability targeted by 2028.
Key Highlights
- Ioneer received a conditional award from the U.S. Army for a long-term land lease.
- The lease is for establishing a critical mineral processing facility for boron.
- The facility will be located at the Tooele Army Depot in Utah.
- Ioneer is one of only four companies selected for these awards.
- The Rhyolite Ridge project holds the largest undeveloped boron Ore Reserve outside Türkiye.
- Boron was added to the U.S. critical minerals list in November 2025.
- Development is slated to begin in 2027, with initial operations targeted by 2028.
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