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Southern Gold Limited ( (AU:ION) ) has shared an announcement.
Iondrive Limited has joined a major European consortium led by RWTH Aachen University and Fraunhofer FFB to benchmark the life cycle impacts and costs of battery recycling technologies. This participation is part of Iondrive’s strategy to enhance its commercial presence in Europe, providing independent validation of its DES-based recycling process. The study, which includes global industry leaders, aims to compare environmental and cost performance across various recycling methods, potentially improving Iondrive’s credibility with customers and regulators, and opening up future licensing, partnerships, and funding opportunities.
More about Southern Gold Limited
Iondrive Limited is an innovative company specializing in metal extraction processes using Deep Eutectic Solvent (DES) technology. The company focuses on battery recycling, aiming to efficiently recover critical minerals such as nickel, cobalt, lithium, and manganese through an environmentally friendly solvometallurgical process. Iondrive’s DES technology operates at lower temperatures and eliminates the need for aggressive acids, offering a selective and tuneable chemistry for metal extraction. The company is also exploring commercialization opportunities in mineral processing and urban mining of electronic waste.
YTD Price Performance: 70.0%
Average Trading Volume: 4,393,809
Technical Sentiment Signal: Hold
Current Market Cap: A$60.57M
For a thorough assessment of ION stock, go to TipRanks’ Stock Analysis page.