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An announcement from Southern Gold Limited ( (AU:ION) ) is now available.
Iondrive Limited has entered into a binding agreement with LAT66 Limited to apply its DES technology to cobalt concentrates from LAT66’s projects in Finland, which host one of Europe’s largest undeveloped cobalt deposits. This initiative marks the first application of Iondrive’s DES technology to virgin mining concentrates, extending its commercialisation beyond recycling. The collaboration aims to demonstrate the selectivity and efficiency of the DES process in processing cobalt-rich materials, reinforcing its potential in the European critical minerals supply chain.
More about Southern Gold Limited
Iondrive Limited is a company involved in the development and application of Deep Eutectic Solvent (DES) technology, primarily focusing on the recovery of critical metals from e-waste, battery recycling, and mixed hydroxide precipitate. The company is expanding its commercial footprint in Europe, particularly in the critical minerals supply chain sector.
YTD Price Performance: 60.0%
Average Trading Volume: 3,093,344
Technical Sentiment Signal: Buy
Current Market Cap: A$57.15M
For detailed information about ION stock, go to TipRanks’ Stock Analysis page.