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Southern Gold Limited ( (AU:ION) ) just unveiled an update.
Shareholders of Iondrive Limited overwhelmingly backed all resolutions at the company’s latest general meeting, including the ratification of a prior tranche-one placement and approvals for proposed share issues to Strata Investment Holdings and several directors, as well as option grants to board members. The strong voting support for equity and incentive issuances signals investor endorsement of Iondrive’s capital management and board alignment as it develops its IONSolv mineral extraction technology, potentially strengthening its financial position and governance framework to advance its critical minerals and battery materials strategy.
The most recent analyst rating on (AU:ION) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Southern Gold Limited stock, see the AU:ION Stock Forecast page.
More about Southern Gold Limited
Iondrive Limited is an Australian-listed technology company developing IONSolv, a low-temperature metal extraction platform designed for the selective recovery of critical minerals. The process avoids aggressive acids, uses tunable chemistry and is aimed at efficient, closed-loop extraction across diverse feedstocks, with initial deployment focused on battery materials and broader applications in mineral processing and urban mining of electronic waste.
YTD Price Performance: 6.98%
Average Trading Volume: 2,610,638
Technical Sentiment Signal: Buy
Current Market Cap: A$57.07M
For an in-depth examination of ION stock, go to TipRanks’ Overview page.