Southern Gold Limited (AU:ION) has released an update.
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Iondrive Limited has successfully completed a $2M share placement to support its innovative battery recycling technology, attracting strong interest from major shareholders and requiring scaling to meet demand. The funds will expedite the completion of a Pre-Feasibility Study for the battery recycling project and contribute to establishing a Pilot Plant. The company’s licensed technology offers an environmentally sustainable solution for extracting critical minerals from used lithium-ion batteries.
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