Dragonfly Energy and Ioneer Sign Lithium Supply Agreement
The agreement moves Dragonfly Energy closer to achieving the Company’s mission of establishing a vertically integrated lithium battery cycle, from mining to production to recycling
- The agreement moves Dragonfly Energy closer to achieving the Company’s mission of establishing a vertically integrated lithium battery cycle, from mining to production to recycling
RENO, Nev., May 09, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly” or the “Company”) (Nasdaq: DFLI), an industry leader in energy storage, and Ioneer Ltd. (“Ioneer”) (Nasdaq: IONR, ASX: INR), an emerging lithium-boron producer, today announced a commercial offtake agreement that the Company believes will strengthen U.S. battery supply chains and invest in the production and manufacturing of Nevada-sourced lithium. - The agreement builds on an effort to produce, utilize and recycle lithium, closing the lithium loop in Nevada that Gov.
- “This agreement between Dragonfly Energy and Ioneer, and hopefully more like it in the future, are vital to our economy as we work to develop this new industry, secure Nevada’s energy independence and close the lithium loop,” said Nevada Governor Lombardo.
- But ultimately, cell production is only made possible by access to lithium,” Dr. Denis Phares, CEO of Dragonfly Energy, said.