Ioneer Joins Caterpillar’s Pathways to Sustainability Program for Energy Transition
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Ioneer Ltd. said it will participate in Caterpillar’s Pathways to Sustainability program, a four-year educational program aimed at supporting the mining, quarry and aggregates industries through the energy transition.
Caterpillar developed the program to provide participants with holistic business-applicable learning opportunities and access to industry-specific advisement related to energy transition projects and sustainable products.
The program, which focuses on six strategic areas tied to the energy transition — strategy, people, product, process, technology, and infrastructure — aligns with Ioneer’s business priorities and integrated approach to embed sustainability across its operations.
Ioneer has designed its Rhyolite Ridge, set to commence operations in 2027 and quadruple the nation’s supply of lithium, with aims of setting the standard for sustainability in the industry.
The announcement builds on Ioneer and Caterpillar’s 2022 agreement to supply an autonomous haul system for Ioneer’s Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada.
“Ioneer is excited to expand our relationship with Caterpillar through their Pathways to Sustainability program, which complements our work at Rhyolite Ridge to advance and accelerate the energy transition,” said Bernard Rowe, Ioneer’s managing director.
“This work will provide us with the opportunity to enhance our expertise as we continue to innovate and incorporate sustainable practices across our company,” added Rowe.
“We look forward to deepening our relationship with Ioneer through their involvement in the Pathways program, which is designed to share and build on the lessons we’ve learned so far through Caterpillar’s energy transition journey,” said Marc Cameron, Caterpillar senior vice president of Resource Industries Sales, Services, and Technology.
“We believe it is this type of transparent dialogue that enables innovation and supports the mining industry’s transition as we work to build a more sustainable world together,” added Cameron.
Ioneer Ltd. is an emerging lithium–boron producer and the 100 percent owner of the Rhyolite Ridge Lithium- Boron Project located in Nevada. Rhyolite Ridge is the only known lithium-boron deposit in North America and one of only two known such deposits in the world. Once operational, the low-cost, world- class project is expected to power upward of 50 million electric vehicles and will instantly become a globally significant source of critical materials vital to the clean energy transition. In September 2021, Ioneer entered into an agreement with Sibanye-Stillwater where, following the satisfaction of conditions precedent, Sibanye-Stillwater will acquire a 50 precent interest in the project, with Ioneer maintaining a 50 percent interest and retaining the operational management responsibility for the joint venture. In January 2023, Ioneer received a conditional commitment from the U.S. Department of Energy Loan Programs Office for up to $700 million of debt financing.
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