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Iondrive Limited (ASX:ION)

ALERT: Price-sensitive ASX Announcement for ION
Current share price for ION : $0.057 0.003 (5.56%)+
Announcement
Release
30 Jan 2026 8:40AM
Price at Release
$0.054
Full Release
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Summary
Iondrive Limited, an Australian technology company, has reported advancements in its proprietary IONSolv™ technology, targeting the extraction and recovery of critical minerals. For the quarter ending 31 December 2025, the company highlighted its progress in commercializing its technology across various markets, with a focus on the U.S. and Europe. Key achievements included a successful $4 million equity placement to fund the e-waste recycling initiative, progress in a pilot plant for battery recycling, and a binding agreement to apply IONSolv™ to virgin cobalt concentrates in Finland. The company reported a strong financial position with $8.4 million in cash as of the quarter's end, supplemented by an additional $0.6 million received in January 2026. The quarterly cash flow report noted net cash inflows from operating and investing activities, significant contributions from government grants, and related party payments. Iondrive aims to continue expanding its market presence and commercial readiness, particularly in the United States, supported by strategic partnerships and ongoing technology development.
Key Points
  • IONSolv™ REE recovery shows >75% recovery from e-waste.
  • Commercialization efforts focus on the U.S. market.
  • Completed $4 million equity placement for e-waste initiatives.
  • Phase 1 Techno-Economic Evaluation confirms strong economics for REE recycling.
  • Launch of solar panel recycling initiative for silver and silicon recovery.
  • Pilot plant commissioning supports lithium-ion battery black mass processing.
  • Binding agreement with LAT66 for cobalt concentrates in Finland.
  • Received $1.3 million R&D Tax Incentive.
  • Cash balance of $8.4 million as of 31 December 2025.
  • Progress in graphite upgrading program to enhance battery recycling.
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.