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Southern Gold Limited ( (AU:ION) ) has shared an update.
Iondrive Limited has announced the issuance of 3,000,000 fully paid ordinary shares without disclosure to investors, in compliance with the Corporations Act 2001. This move is part of the company’s strategy to enhance its financial standing as it continues to develop and commercialize its innovative DES technology for metal extraction, which could significantly impact the battery recycling industry and beyond.
More about Southern Gold Limited
Iondrive Limited is a company focused on developing an innovative metal extraction process using Deep Eutectic Solvent technology (DES). The company’s primary market focus is on battery recycling, where its proprietary method aims to efficiently recover critical metals such as nickel, cobalt, lithium, and manganese in an environmentally friendly manner. Iondrive is also exploring opportunities to expand its technology into mineral processing and urban mining of e-waste.
YTD Price Performance: 50.0%
Average Trading Volume: 3,924,904
Technical Sentiment Signal: Buy
Current Market Cap: A$53.44M
For an in-depth examination of ION stock, go to TipRanks’ Overview page.