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Southern Gold Limited ( (AU:ION) ) has provided an announcement.
Iondrive Limited has completed a Pre-Feasibility Study validating its DES battery recycling technology, which reduces capital costs by 36% compared to conventional methods and achieves recovery rates exceeding 95% for critical minerals. The company has raised $6 million to fund pilot plant development and secured a strategic partnership with TNO for deploying its technology in Europe, enhancing its market positioning as a sustainable solution provider in the growing electric vehicle and energy storage markets.
More about Southern Gold Limited
Iondrive Limited operates in the battery recycling industry, focusing on innovative solutions for recycling lithium-ion batteries. Its primary product is the Deep Eutectic Solvent (DES) technology, which uses biodegradable, reusable solvents to extract critical metals from battery waste. The company is committed to providing a sustainable and efficient alternative to traditional recycling methods, aligning with the growing global demand for eco-friendly solutions.
YTD Price Performance: -9.09%
Average Trading Volume: 85,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €12.37M
For an in-depth examination of ION stock, go to TipRanks’ Stock Analysis page.
