Southern Gold Limited (AU:ION) has released an update.
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Iondrive Limited has successfully completed a $6 million placement to advance its innovative Deep Eutectic Solvent-based battery recycling technology, which aims to extract critical minerals from lithium-ion batteries in an environmentally friendly manner. The funds will be used to construct a pilot plant and enhance collaborations in the EU and US, signifying strong investor confidence in the company’s sustainable approach. Key investors include Terra Capital and existing shareholders, highlighting growing interest in green technology solutions.
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