Report Finds Increase in Potential Lithium at Rhyolite Ridge Project in Nevada

April 28, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--ioneer Limited (Sydney, New South Wales) said Wednesday that a commissioned report found a 168% increase in potential lithium carbonate, a critical material in manufacturing electric vehicle (EV) batteries, at its proposed Rhyolite Ridge Lithium-Boron Project in Silverpeak, Nevada.

Once federal permitting and construction is complete, Rhyolite Ridge is expected to "quadruple current U.S. lithium chemical output," the company said, and added the project "is now estimated to hold enough lithium carbonate ... to power upward of 50 million electric vehicles with further expansion potential pending additional exploration."