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Southern Gold Limited ( (AU:ION) ) has shared an announcement.
Iondrive Limited has reported strong U.S.-based testwork results for its IONSolv rare earth recycling technology, achieving extraction rates of 93.8% neodymium and 95.1% praseodymium from commercially sourced magnet feedstock. The performance exceeds assumptions used in its earlier techno-economic study, underlining the value proposition of focusing on magnet rare earths, which account for the vast majority of global rare earth market value.
The company has also improved iron removal and feed preparation, a critical step to producing a saleable rare earth oxide product and minimising losses to waste streams. These advances support Iondrive’s shift from technology validation to a modular, scalable processing model designed for capital-efficient deployment across multiple sites, particularly in the United States, as it prepares for commercial rollout and further engineering and optimisation work.
More about Southern Gold Limited
Iondrive Limited is an Australian technology company focused on rare earth element recovery and recycling, particularly from end-of-life permanent magnet materials. Using its proprietary IONSolv deep eutectic solvent platform, the company targets high-value magnet rare earths such as neodymium and praseodymium, with a strategic emphasis on supplying the U.S. market and supporting domestic, recycling-led rare earth supply chains.
YTD Price Performance: -39.53%
Average Trading Volume: 2,677,687
Technical Sentiment Signal: Sell
Current Market Cap: A$25.92M
Learn more about ION stock on TipRanks’ Stock Analysis page.