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…