BMO Capital Markets mining analyst Raj Ray noted liquidity risks for Sibanye-Stillwater. It is set to invest $490 million in five equal tranches over 12 months. While the federal permit approval marks a positive step, Ray cautioned that Sibanye’s ability to meet its financial commitments remains uncertain.

The Bureau of Land Management has approved the federal permit for Ioneer to build a lithium mine at Rhyolite Ridge.

Federal land managers gave their final approval Thursday for a massive lithium-boron mine in Southern Nevada, becoming the first domestic lithium project to get full regulatory approval under the Biden Administration.

Ioneer Ltd.’s Rhyolite Ridge Lithium-Boron Project in Nevada will be the first domestic source of the battery metal to be permitted by President Joe Biden’s administration and one that will become a key supplier to Ford Motor Co. and other electric vehicle manufacturers.

Ioneer received final federal approval for a lithium mining project in rural Nevada, part of the Biden administration’s effort to boost domestic production of a mineral critical for electric vehicle batteries.

Ioneer’s proposed Rhyolite Ridge lithium and boron mine and processing plant is entwined with the fate of an endangered wildflower.

Ioneer Ltd has received the final federal permit for its Rhyolite Ridge Lithium-Boron Project from the Bureau of Land Manageme