- Lithium-boron supplier ioneer (INR) has entered into a trading halt ahead of an upcoming capital raise
- So far, it is unknown how much lithium-boron supplier is planning to raise or where the funds will be spent
- Under the halt, shares in ioneer will be paused until Friday, March 5, or when more information about the raise is released to the market
- Last month, the company signed a memorandum of understanding with Caterpillar to use its autonomous hauling system
- On the market, ioneer last traded for 44 cents on February 2
ioneer (INR) has entered into a trading halt ahead of an upcoming capital raise.
Currently, it is unknown how much lithium-boron supplier is planning to raise or where the funds will be spent.
Company shares will be paused until Friday, March 5, or when more information about the raise is released to the market, whichever one comes first.
Last month, ioneer completed an automation study with mining equipment companies Caterpillar and Cashman Equipment.
The study was a joint project that assessed the benefits of using an autonomous hauling system (AHS) at ioneer’s Rhyolite Ridge Project.
ioneer was pleased with the results and believes the AHS will positively impact the operations’ overall cost structure.
From this, the company has signed a memorandum of understanding with Caterpillar to use its Cat 785 Next Generation mining trucks for hauling.
Also in February, ioneer considered how the Unites State’s new president and administration may impact the company.
On the market, ioneer last traded for 44 cents on February 2.