Ioneer (ASX:INR) to buy sulphur from Shell Canada

Company News

by Rachael Jones

Emerging lithium-boron supplier, ioneer (ASX:INR) has signed a non-binding Letter of Intent with Shell Canada Energy to buy sulphur.

They will buy up to 250,000 tonnes of high-quality sulphur each year from Shell, representing approximately 60 per cent of the estimated annual sulphur requirement for the Rhyolite Ridge Lithium-Boron Project in Nevada USA.

The signing of the LOI is one of the first steps to securing key reagents for the proposed acid leaching of the Project’s lithium-boron Searlesite ore.

Sulphur is the key input for their acid plant.

Shares in ioneer (ASX:INR) are trading 2.56 per cent lower at 19 cents.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.