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Iondrive Limited (ASX:ION)

ALERT: Price-sensitive ASX Announcement for ION
Current share price for ION : $0.029 0.004 (16%)+
Announcement
Release
16 Apr 2026 9:20AM
Price at Release
$0.025
Full Release
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Summary
Iondrive Limited has progressed its US-focused rare earth recycling technology toward commercialisation, validating its IONSolv™ deep eutectic solvent technology with over 90% extraction efficiency for key rare earth elements like neodymium and praseodymium. The results not only exceed prior techno-economic assumptions but also enhance product quality through improved impurity removal. The technology supports a modular, scalable processing model intended for capital-efficient deployment. This aligns with US supply chain strategies and positions Iondrive to apply for relevant government grants. The company aims to transition from technology validation to commercial deployment while focusing on producing saleable rare earth products.
Key Points
  • Strong rare earth extraction confirmed with testwork delivering recoveries of 93.8% neodymium (Nd) and 95.1% praseodymium (Pr).
  • NdPr focus underpins value, representing ~96% of global market value in rare earth elements.
  • Testwork exceeds prior techno-economic study assumptions, indicating ~46% IRR and ~US$7m NPV for each modular deployment.
  • Improved impurity removal, enhancing product quality and process efficiency.
  • Validation of commercial pathway for IONSolvTM with support for progression toward a modular process design.
  • US supply chain alignment with program supporting development of a domestic recycling-led rare earth supply pathway.
  • CEO Lewis Utting emphasized the scalability and commercial readiness of the IONSolv™ technology.
  • The company plans to focus on producing a saleable rare earth product and advancing toward commercial deployment.
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.