Iondrive Limited Advances Battery Recycling with R&D Incentive
Company Announcements

Iondrive Limited Advances Battery Recycling with R&D Incentive

Southern Gold Limited (AU:ION) has released an update.

Iondrive Limited has bolstered its financial position by securing $406,364 from the Australian Government’s R&D Tax Incentive, aimed at advancing its sustainable Deep Eutectic Solvent (DES) battery recycling technology. This funding will enhance the development of pilot plant activities and support ongoing efforts to commercialize an environmentally friendly and cost-effective recycling process. Iondrive’s innovative approach promises high recovery rates of critical minerals from spent lithium-ion batteries, reducing reliance on virgin resources and minimizing environmental impact.

For further insights into AU:ION stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskIondrive Advances in Eco-Friendly Battery Recycling
TipRanks Australian Auto-Generated NewsdeskIondrive Achieves Breakthrough in Battery Recycling
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App