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Fluor Selected for Lithium and Boron Mine Project in Nevada

November 20, 2018

IRVING, Texas--(BUSINESS WIRE)--Nov 20, 2018--Fluor Corporation (NYSE: FLR) announced today that ioneer Ltd. has selected Fluor to deliver its lithium and boron mine outside of Tonopah, Nevada. Fluor will initially provide a definitive feasibility study, and subsequently, engineering, procurement and construction management (EPCM) services as the project progresses. Fluor will book the feasibility study contract value in the fourth quarter of 2018 and expects to book the full EPCM contract value in 2019 dependent on a final investment decision.

“With the growing demand for electric vehicles and energy storage, Fluor is excited to work with ioneer on our first lithium mine project in Nevada,” said Tony Morgan, president of Fluor’s Mining & Metals business. “Our team brings the right combination of technical and execution expertise. We will leverage our full suite of integrated solutions tools, including our Zero Base Execution SM process and fit-for-purpose modular design strategy, to develop an execution approach to deliver this project safely and with excellence.”

The mine will extract and process ore to produce 20,200 tons of lithium carbonate and 173,000 tons of boric acid, annually. Lithium is a key component in batteries used for electric vehicles, power tools, drones and other items. Boron is widely used in the glass industry to strengthen and increase heat resistance for glass cookware, laboratory glassware and glass screens used in mobile phones, tablets and liquid crystal display televisions. Boron is also used in fiberglass, insulation, electronics and as a micronutrient in agriculture.

The full notice to proceed on the EPCM phase is expected in 2019 with first production expected in 2021.

About Fluor Corporation

Founded in 1912, Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. With headquarters in Irving, Texas, Fluor ranks 153 on the Fortune 500 list with revenue of $19.5 billion in 2017 and has more than 56,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube.

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CONTACT: Brian Mershon/Brett Turner

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KEYWORD: UNITED STATES NORTH AMERICA NEVADA TEXAS

INDUSTRY KEYWORD: MANUFACTURING ENGINEERING NATURAL RESOURCES MINING/MINERALS CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Fluor Corporation

Copyright Business Wire 2018.

PUB: 11/20/2018 04:17 PM/DISC: 11/20/2018 04:17 PM

http://www.businesswire.com/news/home/20181120005688/en

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