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The latest update is out from Southern Gold Limited ( (AU:ION) ).
Iondrive has completed an internal review of its planned IONSolv pilot plant, redesigning it as a flexible, multi-feedstock demonstration system capable of processing lithium-ion batteries, e-waste and solar cells. The pilot will now be skid mounted rather than containerised, a change intended to mitigate construction cost risks, maintain mobility and better support the company’s modular processing strategy.
The company has also decided to retain pilot operations in Australia instead of Germany to avoid shipping delays, improve operational control and lower operating costs, while remaining in a European recycling consortium. The review identified opportunities to optimise the processing flowsheet and solvent recovery to improve commercial-scale economics, with wet commissioning of the pilot now targeted for the fourth quarter of 2026.
More about Southern Gold Limited
Iondrive Limited is an Australian technology company focused on battery and metal recycling, developing its proprietary IONSolv metal extraction platform. The company targets the growing market for sustainable processing of lithium-ion batteries and other recycling feedstocks such as e-waste and solar cells, aiming to offer modular, commercially scalable recycling solutions.
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.