Southern Gold Limited ( (AU:ION) ) has provided an announcement.
Iondrive Limited announced the issuance of 291,373,125 fully paid ordinary shares without disclosure to investors under the Corporations Act 2001. This move, compliant with relevant legal provisions, signifies the company’s ongoing efforts to strengthen its financial position and potentially enhance its market presence in the battery recycling industry.
More about Southern Gold Limited
Iondrive Limited, listed on the Australian Securities Exchange (ASX: ION), is a pioneering company in battery recycling technology. It utilizes a patented Deep Eutectic Solvent based Battery Recycling process to safely and efficiently extract critical components from used lithium-ion batteries, providing an environmentally friendly alternative to conventional methods. The company also holds exclusive global licenses for advanced battery technologies, including high-performance and cost-effective water-based lithium-ion batteries with extended cycle life.
Average Trading Volume: 56,970
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €12.36M
See more data about ION stock on TipRanks’ Stock Analysis page.