InvestSMART

Iondrive Limited (ASX:ION)

ALERT: Price-sensitive ASX Announcement for ION
Current share price for ION : $0.135 0.116 (610.53%)+
Announcement
Release
15 Jun 2026 9:27AM
Price at Release
$0.019
Full Release
download
Summary
Iondrive Limited announced the successful optimization of its proprietary IONSolv™ process, achieving a 93.5% recovery of dysprosium from commercial US e-waste. This marks a significant improvement over the initial Techno-Economic Analysis assumptions. The process also maintained high recovery rates for light rare earth elements such as neodymium and praseodymium, and demonstrated effective iron rejection. These advances in the IONSolv™ process support a multi-feedstock commercialization strategy and align with US supply-chain resilience priorities.
Key Points
  • Iondrive Limited's IONSolv™ process achieved 93.5% dysprosium recovery from US e-waste.
  • Process optimization targeted heavy rare earth (HRE) elements like dysprosium, holmium, and gadolinium.
  • Recovery rates exceeded the Techno-Economic Analysis assumptions, improving economic prospects.
  • High recoveries of light rare earth (LRE) elements like neodymium and praseodymium were maintained.
  • Iron rejection was quantified with near-complete removal through solvent extraction.
  • A multi-feedstock commercialization strategy is in progress.
  • The process shows promise for deployment across various e-waste and industrial scrap sources.
  • Further validation and optimization, including pre-treatment of higher-grade feedstocks, are planned.
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.