Iondrive Limited (ASX:ION)

ALERT: Price-sensitive ASX Announcement for ION

Current share price for ION : $0.048 -0.002 (-4%)⁺

Announcement

Quarterly Activities/Appendix 4C Cash Flow Report

Release

29 Oct 2025 8:24AM

Price at Release

$0.050

Full Release

Summary

Iondrive Limited has released its quarterly report for the period ending 30th September 2025, highlighting significant advancements in its Deep Eutectic Solvent (DES) technology for metal extraction. The company focused on commercializing its DES process in battery recycling and e-waste management, establishing partnerships in North America and Australia. The pilot plant project is progressing on schedule with Wave International, aiming for full operation by early 2026. Iondrive's collaborations with Colt Recycling and Livium Limited are poised to enhance recycling capabilities for e-waste and lithium-ion batteries. Financially, the company reported cash outflows primarily due to R&D expenses, with the quarter ending cash balance at $4.019 million. Additionally, Iondrive secured grant funding to support its initiatives, aiming to expand its technology's reach across international markets.

Key Points

Iondrive Limited focuses on DES technology for metal extraction.
The pilot plant project is on track with expected operation in early 2026.
Partnerships with Colt Recycling in the US and Livium in Australia enhance recycling capabilities.
Financially, the company closed the quarter with $4.019 million in cash.
Grant funding secured to support international market expansions.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.