Southern Gold Limited ( (AU:ION) ) has issued an announcement.
Iondrive Limited has reported significant progress in its operations for the quarter ending March 2025, highlighting the economic viability of its DES process, which offers a 36% lower CAPEX compared to traditional methods. The company is advancing its pilot plant development, with a financial investment decision expected in July, and is exploring the application of its technology in recycling electronic waste and critical minerals from U.S.-sourced feedstock. Additionally, Iondrive has completed a $6 million placement to support its initiatives and is rationalizing its exploration business to reduce costs.
More about Southern Gold Limited
Iondrive Limited is a company operating in the critical minerals and battery recycling industry. It focuses on environmentally sustainable onshore battery recycling, leveraging its proprietary DES process to recover valuable metals from various feedstocks. The company aims to address the growing demand for battery materials processing, particularly in Europe, amidst global trade tensions.
YTD Price Performance: 54.55%
Average Trading Volume: 25,000
Technical Sentiment Signal: Hold
Current Market Cap: €10.64M
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