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Stock impact report

Environmentalists sue over US approval of ioneer's Nevada lithium mine [Yahoo! Finance]

D/B/A Sibanye-Stillwater Limited ADS (SBSW) 
Company Research Source: Yahoo! Finance
Interior Department's approval of ioneer's Rhyolite Ridge lithium mine in Nevada, the first domestic source of the battery metal to be permitted by Democratic President Joe Biden's administration. In a lawsuit filed in federal court in Las Vegas, groups including the Center for Biological Diversity argued the project posed an existential risk to the rare wildflower Tiehm's buckwheat and could drive it to extinction. They said the mine would also adversely impact groundwater, springs, wetlands, air quality, cultural resources and wildlife habitat and would transform a remote part of rural Nevada into a sprawling industrial complex. Yet the groups said the Interior Department's Bureau of Land Management approved the mine without ensuring it would not jeopardize the wildflower or unduly impact the environment in violation of the National Environmental Policy Act, the Federal Lands Policy and Management Act, and the Endangered Species Act. The Interior Department and ioneer did no Show less Read more
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