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.

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.

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