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Iondrive Limited (ASX:ION)

ALERT: Price-sensitive ASX Announcement for ION
Current share price for ION : $0.033 -0.012 (-26.67%)+
Announcement
Release
17 Nov 2025 8:28AM
Price at Release
$0.045
Full Release
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Summary
Iondrive Limited has completed a Phase 1 techno-economic evaluation for its IONSolvTM technology, indicating the commercial viability of a 2ktpa modular REE recycling plant. The study supports a modular rollout strategy in the U.S. to process end-of-life permanent magnets, projecting positive financial metrics such as a post-tax NPV of US $7M and a 46% IRR. Phase 2 validation is in progress to refine process assumptions and confirm economic outcomes. Iondrive's DES-based IONSolvTM process aims to strengthen North American supply chains by reducing reliance on imported REEs.
Key Points
  • Iondrive Limited completed a Phase 1 techno-economic evaluation for its IONSolvTM technology platform for a 2ktpa modular REE recycling plant.
  • The study confirms that the IONSolvTM process can derive value from waste magnets, supporting a scalable modular rollout across U.S. sites.
  • Economic modeling indicates a post-tax NPV of US $7M, a post-tax IRR of 46%, and a payback period of 2.6 years.
  • The Phase 1 study found that the average annual production rate is approximately 115 tonnes of mixed rare-earth oxides over a ten-year operating life.
  • Phase 2 laboratory validation is underway to confirm process assumptions and refine economic modeling before plant engineering.
  • The IONSolvTM technology is a Deep Eutectic Solvent (DES) process for REE recovery and is noted for complementing other recycling initiatives for batteries and solar panels.
  • The study suggests that Iondrive can help reduce North America's reliance on imported REEs and strengthen critical mineral supply chains.
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.