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Southern Gold Limited ( (AU:ION) ) has issued an update.
Iondrive Limited has strengthened its push into the U.S. market with the appointment of experienced clean-tech executive Kevin Hobbie as VP North America, tasked with advancing commercialisation of its IONSolv™ critical-minerals recovery technology. Hobbie, who previously led the commissioning and ramp-up of a commercial-scale battery recycling facility producing battery-grade precursor materials, will focus on U.S. pilot and commercial projects, multi-feedstock deployment, and customer and partner relationships.
The new role is also intended to enhance Iondrive’s access to U.S. funding pathways by supporting engagement with state-level incentives and federal initiatives linked to critical minerals and supply-chain security. Management expects the appointment to accelerate the company’s on-the-ground execution in North America and underpin its strategy to build a multi-feedstock opportunity spanning battery materials, e-waste and rare earth magnet streams, with implications for both growth prospects and industry positioning in the clean-tech recycling sector.
More about Southern Gold Limited
Iondrive Limited is an Australian clean-tech company focused on developing its proprietary IONSolv™ metal extraction platform for the selective recovery of critical minerals. The technology targets scalable deployment across battery materials, rare earths and e-waste, aligning with emerging critical-minerals supply chains and related commercialisation opportunities.
YTD Price Performance: -44.19%
Average Trading Volume: 2,941,463
Technical Sentiment Signal: Sell
Current Market Cap: A$32.4M
For detailed information about ION stock, go to TipRanks’ Stock Analysis page.