Business
Expion360 Signs Memorandum of Understanding with Ioneer Ltd. For Lithium Supply
Expion360 Engages Chesapeake Group for Corporate CommunicationREDMON, OR and LINCOLNSHIRE, IL / ACCESSWIRE / July 25, 2022 / Expion360, Inc. (NASDAQ:XPON), an
About this update from Expion360 Inc.
[{"type":"text","content":"Expion360 Engages Chesapeake Group for Corporate CommunicationREDMON, OR and LINCOLNSHIRE, IL / ACCESSWIRE / July 25, 2022 / Expion360, Inc. (NASDAQ:XPON), an industry leader in lithium batteries and accessories for recreational vehicles (RVs), outdoor, marine and industrial, has completed a Memorandum of Understanding (MOU) for lithium supply to the company.Ioneer Ltd. is in the process of becoming a major domestic supplier of refined lithium. The MOU states that Expion360 is interested in engaging Ioneer as a supplier of lithium carbonate and Ioneer is interested in manufacturing and supplying this product to Expion360.\"This is an important step toward the vertical integration of our company and controlling our supply chain. With the ever-increasing demand of our battery products and our production capabilities, it is important to have a domestic supplier of lithium,\" commented Expion 360 CEO John Yozamp.As the company continues its rapid growth, the company has hired Chesapeake Group for corporate communication and broker relations. The Chesapeake Group, Inc. will create and execute a new proactive investor relations program for current and potential investors. Chesapeake will control aspects of investor outreach with an emphasis on investor education and corporate transparency. Headquartered in Maryland, Chesapeake is an award-winning full-service investor relations firm that has been assisting public companies since 1996.About IoneerIoneer Ltd is the 100% owner of the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA, the only known lithium-boron deposit in North America and one of only two known such deposits worldwide. The Definitive Feasibility Study (DFS) completed in 2020 confirmed Rhyolite Ridge as a world-class lithium and boron project that is expected to become a globally significant, long-life, low-cost source of lithium and boron vital to a sustainable future. In September 2021, Ioneer entered a 50/50 joint venture agreement with Sibanye Stillwater Ltd to advance the Rhyolite Ridge project into commercial production. Ioneer will be the operator of the Project.About Expion360Expion360 is an industry leader of premium lithium batteries and accessories for recreational vehicles, outdoor, marine, and industrial. The company sources, assembles and white-labels components and finished products. Its 360 (12V...