ioneer (ADR)
Develops a single lithium-boron project in Nevada.
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Profile
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
Categories
Key statistics
Year to date −40.7% · Average volume (30d) 73.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026 | — | −$0.05 | — | — | $654.0K | — | −6.02% |
| Mar 18, 2026Q2 FY26 | −$0.08 | −$0.08 | 0.0% | — | — | — | −3.51% |
| Feb 19, 2025Q2 FY25 | −$0.04 | $0.00 | +99.8% | — | — | — | +0.24% |
| Sep 19, 2024Q4 FY24 | −$0.04 | −$0.04 | 0.0% | — | — | — | +3.80% |
Financial highlights
| 12 quarters | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | −$126.0K | −$135.0K | −$130.5K | −$146.0K | −$177.3K | −$177.1K | |
| Operating income | −$3.7M | −$5.6M | −$3.4K | −$3.0K | −$4.4M | −$4.4M | |
| Net income | −$2.7K | −$7.9M | −$4.7K | −$4.8K | −$4.1M | −$4.1M | |
| Diluted EPS | $0.00 | −$0.14 | −$0.08 | −$2.77 | −$0.07 | −$0.06 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Revenue by geography · Q4 FY26
Balance sheet, Dec 31, 2025Cash & short-term investments $17.9M · Total debt $335.0K · Total assets $232.5M · Shareholders' equity $230.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 62.65M · Float 47.94M · 76.5% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Invesco Ltd. | 2.24M | 3.57% | 13F | May 12, 2026 |
| Integrated Wealth Concepts LLC | 188.6K | 0.30% | 13F | May 15, 2026 |
| UBS Group AG | 109.6K | 0.17% | 13F | May 5, 2026 |
| Citigroup Inc | 100.0K | 0.16% | 13F | May 11, 2026 |
| Cambridge Investment Research Advisors, Inc. | 96.5K | 0.15% | 13F | Apr 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 2, 2026 | Chad Yeftich | officer: VP Corp Dev & External Affairs | −706,781 | $0.1100 |
| Jul 2, 2026 | Matthew Weaver | officer: SVP of Engineering Operations | −251,293 | $0.1100 |
| Jul 2, 2026 | Kenneth D. Coon | officer: Vice President Human Resources | −113,899 | $0.1100 |
| Mar 24, 2026 | Timothy Roy Woodall | director | +200,000 | $0.1080 |
Peers
- 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
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ioneer (ADR) | $3.08 | −0.48% | $193.0M | — | — | — | — |
| Albemarle | $137.96 | +0.45% | $16.20B | — | 13.9 | 2.7 | +31.1% |
| SQM (ADR) | $78.54 | −0.17% | $22.46B | 16.2 | 9.8 | 3.3 | +136.7% |
| Lithium Americas | $3.09 | +0.82% | $685.5M | — | — | — | — |
| Standard Lithium | $2.57 | +0.98% | $621.8M | — | — | — | — |
| Rio Tinto (ADR) | $103.71 | +0.37% | $167.86B | 13.9 | — | 2.7 | +14.5% |
| Median | 15.0 | 11.8 | 2.7 | +31.1% |