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Southern Gold Limited ( (AU:ION) ) has shared an update.
Iondrive Limited is expanding its proprietary DES platform into the e-waste urban mining market, focusing on recovering high-value materials such as copper, gold, silver, and palladium from printed circuit boards. This initiative is supported by a South Australian Government grant and builds on Iondrive’s existing battery recycling program. The project aims to demonstrate the efficacy of Iondrive’s environmentally friendly, closed-loop DES process in extracting metals from complex feedstocks, while also establishing an intellectual property position in the e-waste sector. The expansion aligns with the global trend of increasing e-waste generation and the need for effective recycling solutions, potentially positioning Iondrive as a leader in sustainable e-waste management.
More about Southern Gold Limited
Iondrive Limited operates in the electronic waste (e-waste) recycling industry, focusing on the recovery of valuable metals from printed circuit boards (PCBs) using its proprietary Deep Eutectic Solvent (DES) platform. The company aims to expand its technology applications beyond battery recycling to include critical mineral recovery, aligning with the growing global demand for sustainable recycling solutions.
YTD Price Performance: -30.0%
Average Trading Volume: 1,084,074
Technical Sentiment Signal: Hold
Current Market Cap: A$24.84M
See more data about ION stock on TipRanks’ Stock Analysis page.