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Iondrive Limited (ASX:ION)

ALERT: Price-sensitive ASX Announcement for ION
Current share price for ION : $0.140 0.113 (418.52%)+
Announcement
Release
20 Jul 2026 9:11AM
Price at Release
$0.027
Full Release
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Summary
Iondrive Limited has appointed Dr Grant Caffery, previously the Head of Innovation at BHP, as its new CEO effective 1 August 2026. This strategic executive transition aligns with the company's ongoing efforts to commercialize its proprietary IONSolv™ technology, which is designed for the selective recovery of critical minerals. The company has demonstrated significant commercial momentum, including securing a potential funding pathway with the Oklahoma Department of Commerce and achieving industry-leading mineral recovery rates. Lewis Utting, who served as CEO, will now serve as Chief Strategy & Commercial Officer to continue supporting strategic partnerships and growth initiatives. The changes in leadership are intended to support Iondrive's plans for global scaling and commercial production.
Key Points
  • Dr Grant Caffery, former Head of Innovation at BHP, is appointed as the CEO of Iondrive Limited effective 1 August 2026.
  • Iondrive is advancing its commercialisation strategy with its IONSolv™ technology for critical mineral recovery.
  • The company has a potential funding pathway of up to US$15 million with the Oklahoma Department of Commerce.
  • Iondrive aims to be among the first to achieve commercial production in its sector globally.
  • Lewis Utting, the current CEO, will transition to the role of Chief Strategy & Commercial Officer.
  • The executive team restructuring aims to scale Iondrive's operations across North America, Australia, and Europe.
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.