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ioneer upsizes placement to A$80m

ASX-listed ioneer has raised A$80-million in a fully underwritten institutional placement.

The company earlier this week announced plans for a A$60-million capital raise to accelerate construction of its Rhyolite Ridge lithium/boron project, in Nevada. However, it said on Friday that strong demand from existing shareholders and new investors had seen the placement upsized by A$20-million.