ASX:INRMetals and Mining
ioneer (ASX:INR) Is Down 32.6% After A$72m Equity Raising For Rhyolite Ridge Development – What's Changed
Ioneer Ltd recently completed a follow-on equity offering, raising A$72 million through the issue of 400,000,000 new ordinary shares at A$0.18 each, following a trading halt linked to this material capital raising.
The placement, largely taken up by institutional and sophisticated investors, is intended to advance early construction and development activities at Ioneer’s Rhyolite Ridge lithium-boron project in the United States.
Next, we’ll examine how this sizeable equity raising to...