SYDNEY, AUSTRALIA: Ioneer Ltd (ASX: INR), an rising lithium-boron supplier, introduced the signing of a non-binding Memorandum of Understanding (MOU) with Shell Canada Energy on the market of sulphur to Ioneer for its Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada.
Securing the provide of key reagents for ore processing is an important step alongside the critical pathway to developing the Rhyolite Ridge Project. Under the MOU, Ioneer will buy as much as 500,000 tonnes of high-quality sulphur yearly from Shell, which might fulfil the estimated annual sulphur requirement for the Project.
The signing of the MOU builds upon the Letter of Intent (LOI) signed in December 2019 and, with a binding dedication to barter exclusively with one another, it’s the intention of each events to advance the MOU right into a Definitive Agreement on the suitable time.
Ioneer and Shell additionally intend to collaborate through strategic initiatives focused on accelerating the energy transition.
Ioneer’s Managing Director, Bernard Rowe, said: “With this MOU, Ioneer takes one other key step to safe sulphur for the Rhyolite Ridge LithiumBoron Project. Sulphur is a primary enter for our course of because it will be transformed into the sulphuric acid required for leaching the ore in addition to releasing warmth which is recovered to produce carbon free energy and steam for the facility. Shell is a perfect partner for this effort, and we glance ahead to furthering our partnership collectively on additional decarbonisation options whereas offering supplies for a sustainable future.”
Peter Zissos, GM Global Sulphur & Thiogro from Shell, highlighted: “We are excited to expand our partnership with Ioneer to incorporate the sale of sulphur whereas collaborating on various decarbonisation solutions. Sulphur’s second largest use is for mining, collectively with for the extraction of EV metals like lithium. With safe and dependable supply of sulphur to customers like Ioneer, Shell Sulphur Solutions is delivering inputs critical for renewable energy manufacturing and management.”