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Southern Gold Limited ( (AU:ION) ) has shared an announcement.
Iondrive Limited has achieved a strategic milestone by finalizing the membership and legal framework for a battery recycling consortium in Europe, in collaboration with PEM Aachen University. The consortium, which includes automotive OEMs and battery manufacturers, has applied for a €3.1 million EU government grant to cover operating costs, marking a significant step towards formalizing Iondrive’s commercial strategy in the EU. The establishment of a German subsidiary, Iondrive EU GmbH, and the anticipated commissioning of a plant in early 2026 highlight the company’s commitment to playing a critical role in the EU’s battery materials future.
More about Southern Gold Limited
Iondrive Limited operates in the battery materials industry, focusing on the commercialisation of proprietary battery materials technology. The company is involved in establishing a battery recycling consortium in Europe, aiming to address challenges in complying with new EU battery recycling regulations.
YTD Price Performance: -16.67%
Average Trading Volume: 1,895,148
Technical Sentiment Signal: Buy
Current Market Cap: A$29.57M
For an in-depth examination of ION stock, go to TipRanks’ Overview page.
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