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Iondrive Limited (ASX:ION)

ALERT: Price-sensitive ASX Announcement for ION
Current share price for ION : $0.029 -0.017 (-36.96%)+
Announcement
Release
17 Sep 2025 9:42AM
Price at Release
$0.046
Full Release
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Summary
Iondrive Limited has signed a binding agreement with Livium Limited to commercialize its Deep Eutectic Solvent (DES) technology in Australia. This collaboration aims to process and evaluate waste streams such as solar panels, lithium-ion batteries, and rare earth magnets using Iondrive's DES technology. The partnership leverages Iondrive's innovative metal extraction process with Livium's extensive recycling network. This agreement is set to accelerate the commercial deployment of Iondrive's technology while addressing environmental challenges and enhancing supply chain security for critical materials in Australia. The partnership also aims to demonstrate DES on real-world feedstocks to qualify for grant programs and expedite commercialization.
Key Points
  • Iondrive signed a binding Term Sheet with Livium Limited.
  • Collaboration to commercialize Deep Eutectic Solvent (DES) technology.
  • Livium to supply waste streams for DES evaluation.
  • Partnership leverages Livium's recycling network and Iondrive's DES technology.
  • Focus on battery, solar panel, and rare earth magnet recycling.
  • DES process demonstrated over 95% metal recovery.
  • Agreement aims for faster commercial deployment and grant eligibility.
  • Target to start pilot plant commissioning by end of 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.