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IONR · NASDAQ · Industrial Materials

ioneer (ADR) (IONR)

Develops a single lithium-boron project in Nevada.

$3.22
vs last close−0.03 (−0.92%)
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ioneer LtdIONR
Materials

Develops the wholly owned Rhyolite Ridge Lithium-Boron Project in Nevada. Future revenue depends on moving that permitted single asset through construction and on-site processing, supported by offtake relationships and Department of Energy financing.

Develops the wholly owned Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada. The development-stage company is focused on producing lithium and boron from that single asset rather than operating a diversified mine portfolio.

Rhyolite Ridge received final U.S. government approval to develop, and ioneer later closed Department of Energy financing for an on-site processing facility. Its development path has also included lithium offtake agreements with Ford and PPES, while Sibanye-Stillwater decided not to proceed with a proposed joint venture.

The Australian parent trades in the United States through Nasdaq ADSs, while its ordinary shares trade on the ASX. Progress remains tied to building and financing the permitted Nevada project.

Company facts

CEOBernard Rowe
ListedJun 30, 2022
ExchangeNASDAQ
HeadquartersNorth Sydney, Australia
CountryAustralia
Employees29
CIK0001896084
ISINUS46211L1017

Market cap$203.6M
EPS (ttm)−$2.83
P/E (ttm)−1.15
ROE-1.8%
P/B0.8844
P/S
Dividend yieldDiv yield
Beta1.68vs XLB 0.99

No analyst consensus on record.

Next report
Sep 24, 26
estimated · in 2 days
EPS estimate
Revenue estimate
Fiscal quarter
Q4 FY26

EPSReportedEstimate

Feb '24Apr '24Sep '24Feb '25Sep '25Mar '26Aug '26Sep '26
Reported$0.00$0.00−$0.04−$0.08−$0.08−$0.08−$0.05Pending
Estimate−$0.04−$0.04−$0.04−$0.04−$0.08−$0.08
Surprise+99.9%+99.9%0.0%−100.0%0.0%0.0%

RevenueReportedEstimate

Feb '24Apr '24Sep '24Feb '25Sep '25Mar '26Aug '26Sep '26
Reported$654.0KPending
Estimate
Surprise
Estimate
ReportedDue Sep 24, 2026
Estimate
ReportedDue Sep 24, 2026
View details

Debt to equity0.10%
Current ratio858.50%

ProfitabilityRevenueNet incomeNet margin

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$5.8M−$576.3K−$2.7K−$7.9M−$4.7K−$4.8K−$4.1M−$4.1M
Net margin

GrowthOperating income

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Operating income−$6.3M−$4.8M−$3.7M−$5.6M−$3.4K−$3.0K−$4.4M−$4.4M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss narrowedLoss narrowedLoss widenedLoss widened

Balance sheet, Dec 31, 2025Cash & short-term investments $17.9M · Total debt $335.0K · Total assets $232.5M · Shareholders' equity $230.2M

Revenue
$0
Operating income
−$4.4M
Net income
−$4.1M
View details

No dividends on record.

Institutions4.12%2.58M ADS
33 holders · as of Jun 30, 2026
Other95.88%60.07M ADS
remainder

62.65M ADS as of Sep 7, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count has not been confirmed by a second filing; stakes use it as it stands.

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Invesco Ltd.Institution
2.99%1.87M ADSas of Jun 30, 2026
Goldman Sachs Group IncInstitution
0.27%166,395 ADSas of Jun 30, 2026
Integrated Wealth Concepts LLCInstitution
0.23%142,517 ADSas of Jun 30, 2026
Cambridge Investment Research Advisors, Inc.Institution
0.18%115,294 ADSas of Jun 30, 2026
GK Wealth Management LLCInstitution
0.05%32,034 ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 2, 2026Chad Yeftichofficer: VP Corp Dev & External Affairs−706,781$0.1100
Jul 2, 2026Matthew Weaverofficer: SVP of Engineering Operations−251,293$0.1100
Jul 2, 2026Kenneth D. Coonofficer: Vice President Human Resources−113,899$0.1100
Mar 24, 2026Timothy Roy Woodalldirector+200,000$0.1080
View details

  • Albemarle

    Large-scale lithium supply, including Nevada brine

  • SQM (ADR)

    Large-scale Chilean lithium supply through a NYSE ADR

  • Lithium Americas

    Competing Nevada lithium project advancing toward production

  • Standard Lithium

    U.S. DLE project targeting 2029 lithium-carbonate output

  • Rio Tinto (ADR)

    California refined-borates supplier and global borates leader

Compare

CompanyPriceChange
ioneer (ADR)$3.22−0.92%$203.6M
Albemarle$113.83+0.80%$13.32B11.62.3+31.1%
SQM (ADR)$70.45+1.32%$19.86B14.38.92.9+136.7%
Lithium Americas$2.93−1.01%$660.9M
Standard Lithium$2.13−0.03%$519.4M
Rio Tinto (ADR)$96.70−0.35%$157.69B13.22.6+57.4%
Median13.710.32.6+57.4%