Two ASX Stocks Under $1 having Potential to Storm Higher
Ioneer Limited (ASX: INR)
On 25 October 2024, Ioneer Ltd received the last federal permit for its Rhyolite Ridge Lithium-Boron Project. The Bureau of Land Management issued this permit. This achievement is significant because it's the first lithium project during this Biden administration to get the green light. The project is situated in Esmeralda County, Nevada, and aims to increase U.S. lithium production fourfold, supplying battery grade material for more than 370,000 American electric vehicles each year. Construction is planned to begin in 2025, with production expected to start in 2028, creating approximately 500 jobs during construction and 350 high-paying jobs over its operational lifetime.?
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