Business
Why the Ioneer (ASX:INR) share price is in limbo today
The Ioneer Ltd (ASX: INR) share price is in limbo today after the company asked for a trading halt pending an announcement.
At yesterday’s market close, the Ioneer share price was trading at 44 cents.
The trading halt will conclude on Friday 5 March or once the announcement is released to the market.
Ioneer positions for capital raising
The mineral exploration company today advised that it is positioning to release a capital raising announcement.
This follows its 16 February announcement that it had joined forces with construction giant Caterpillar Inc (NYSE: CAT).
Caterpillar is one of the world’s largest construction and mining equipment manufacturers.
The 2 companies entered a memorandum of understanding (MoU) that…
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