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Southern Gold Limited ( (AU:ION) ) just unveiled an announcement.
Iondrive Limited has launched a new project, backed by a grant from CSIRO, to upgrade recovered graphite from spent lithium-ion batteries into battery-grade anode material. This initiative aims to enhance Iondrive’s DES platform, potentially increasing revenue by 25% and positioning the company as a leader in graphite recovery. The project supports the company’s broader commercialisation roadmap and addresses the growing demand for local, recycled anode-grade graphite, especially as global supply chains diversify away from China.
More about Southern Gold Limited
Iondrive Limited operates in the battery recycling industry, focusing on the recovery of critical minerals such as lithium, nickel, cobalt, and manganese from spent lithium-ion batteries. The company is enhancing its Deep Eutectic Solvent (DES) platform to create high-value products from battery waste, with a market focus on sustainable and innovative recycling solutions.
YTD Price Performance: 56.67%
Average Trading Volume: 3,333,966
Technical Sentiment Signal: Hold
Current Market Cap: A$55.59M
Find detailed analytics on ION stock on TipRanks’ Stock Analysis page.