May 1, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Lithium mining company Ioneer Limited (Sydney, Australia) said it raised gross proceeds of around $25 million, which the company said means its funded enough to move its Rhyolite Ridge project in Nevada through to a final investment decision (FID).

The company said Monday that it had received firm commitments to raise $25 million through a placement "to institutional, professional and sophisticated investors."