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The latest announcement is out from Southern Gold Limited ( (AU:ION) ).
Iondrive Limited has made significant advancements in its battery recycling and e-waste recovery initiatives. The company is finalizing the engineering design for a battery recycling pilot plant, which will process materials from end-of-life lithium-ion batteries, supporting OEM validation and potential offtake agreements. Additionally, Iondrive is expanding its European presence through a consortium aimed at establishing a closed-loop battery materials value chain, pending a €3.1 million EU grant. The company is also exploring e-waste recycling, targeting metal recovery from printed circuit boards, supported by a $100,000 grant from Green Industries SA. These efforts are part of Iondrive’s strategy to diversify its revenue streams and strengthen its position in the urban mining sector.
More about Southern Gold Limited
Iondrive Limited operates in the critical mineral recovery industry, focusing on battery recycling, e-waste recovery, and broader mineral processing. The company is known for its proprietary Deep Eutectic Solvent (DES) technology, which offers scalable and environmentally sustainable solutions for extracting valuable materials from various feedstocks.
YTD Price Performance: 43.33%
Average Trading Volume: 3,617,839
Technical Sentiment Signal: Buy
Current Market Cap: A$50.86M
Find detailed analytics on ION stock on TipRanks’ Stock Analysis page.