The MOU builds upon the Letter of Intent (LOI) signed in December 2019. Pic: via Getty Images.
Ioneer signs Shell MOU for sulphur supply to lithium-boron project
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Emerging lithium-boron supplier Ioneer has signed a non-binding Memorandum of Understanding (MOU) with Shell Canada Energy for the sale of sulphur to Ioneer for its Rhyolite Ridge Lithium-Boron Project in Nevada.
It’s kind of a big deal, because securing the supply of key reagents for ore processing is an important step along the critical pathway to developing the Project.
Under the MOU, Ioneer (ASX:INR) will purchase up to 500,000 tonnes of high-quality sulphur annually from Shell, which would fulfil the estimated annual sulphur requirement for Rhyolite Ridge – which is expected to come onstream in 2025.
Sulphur offers decarbonisation solutions
Sulphur’s second largest use is for mining, including for the extraction of EV metals like lithium.
“Sulphur is a primary input for our process as it will be converted into the sulphuric acid required for leaching the ore as well as releasing heat which is recovered to produce carbon free power and steam for the facility,” Ioneer MD Bernard Rowe says.
“Shell is an ideal partner for this effort, and we look forward to furthering our partnership together on additional decarbonisation solutions while providing materials for a sustainable future.”
Shell GM Global Sulphur & Thiogro Peter Zissos says that with the safe and reliable delivery of sulphur to customers like Ioneer, “Shell Sulphur Solutions is delivering inputs critical for renewable energy production and management.”
This article was developed in collaboration Ioneer, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
