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The latest announcement is out from Southern Gold Limited ( (AU:ION) ).
Iondrive Limited, a company involved in battery recycling, has announced its participation in a €3.1 million European consortium aimed at establishing a closed-loop battery recycling industry in Germany. The consortium, led by PEM RWTH Aachen University and backed by a €2.1 million German government grant, seeks to demonstrate that recycled battery cells can perform as well as those made from virgin metals. Iondrive will play a key role by processing battery black mass into high-purity metals using its sustainable DES method, which will support its entry into the European market and strengthen its position in the battery materials supply chain.
More about Southern Gold Limited
YTD Price Performance: 80.0%
Average Trading Volume: 3,385,169
Technical Sentiment Signal: Buy
Current Market Cap: A$63.1M
Find detailed analytics on ION stock on TipRanks’ Stock Analysis page.