Ioneer Ltd ADR is an American Depositary Receipt representing Ioneer Ltd, an Australia-based mineral exploration and development company focused on lithium and boron projects. Its core business centers on the Rhyolite Ridge Lithium-Boron Project in Nevada, a development asset designed to support the supply of materials used in batteries, permanent magnets, semiconductors, and other industrial applications. The company operates within the broader mining and materials sector, with a particular emphasis on critical minerals that are important to modern energy storage and advanced manufacturing supply chains. Through its ADR structure, Ioneer Ltd provides U.S. investors with access to the company’s ordinary shares while the underlying business remains centered on resource development and project advancement in North America. The asset is associated with a specialized segment of the market that links mineral discovery, project engineering, and the growing demand for battery-related raw materials.
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$0.00
Net Income (TTM)
-$10M
▼ -22.1% YoY
Op. Margin
–
ROIC
-3.57%
Cash Flow & Balance Sheet
FCF (TTM)
-$7M
▲ +5.5% YoY
Op. Cash Flow (TTM)
-$7M
▲ +5.5% YoY
Net Debt
-$25M
Net Cash Position
Cash & Equiv.
$25M
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Peers
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Held by ETFs
IONR is in 2 US ETFs. The largest of them, with IONR's weight in each:
Ioneer Ltd ADR (IONR) in three numbers
Questions about Ioneer Ltd ADR
Is Ioneer Ltd ADR a high-quality business?
Ioneer Ltd ADR scores 10 out of 100 on Intrinsiqq's quality score, which makes it a lower-quality business on these measures. The score blends 4 checks computed from company filings. Its best check is net debt at -$25M, and its weakest is return on capital at -3.6%. The Quality tab shows every check against its target.
Does Ioneer Ltd ADR (IONR) pay a dividend?
No. Ioneer Ltd ADR (IONR) does not currently pay a dividend. The last payment in our data was in 2022, and nothing has been paid since. Nor has its share count fallen meaningfully over the last twelve months, so cash is kept in the business. The Dividends tab shows its cash returns.
Source: company filings. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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