ION - Iondrive Limited

coming out of trading halt. now 2c
.

Highlights
• $6 million Placement completed via the issue of 435,714,286 new Iondrive shares at $0.014 per share, representing a 16.7% premium to the last traded price
• Welcoming institutional investor Terra Capital, alongside major cornerstone shareholders, Strata Investment Holdings Plc and Ilwella Pty Ltd
• Strong participation by the Board and Management, including incoming Director Hugo Schumann and Commercial Director Lewis Utting
• The funds will be used to build and operate a Pilot Plant for the Deep Eutectic Solvent based battery recycling technology, progressing industry collaborations in the EU and US, and for general working capital
• Iondrive’s exclusively licensed technology extracts critical minerals from end-of-life lithium-ion batteries in a unique environmentally sustainable process.

as mentioned elsewhere


^^ ..... since listing ..... ^^

16 June
• Iondrive is working closely with the Production Engineering of E-Mobility Components, Aachen University to establish a battery recycling consortium, and the necessary funding, to address challenges in complying with the new battery recycling regulations in the EU (refer ASX Announcement 12 August 2024).
• Over the last six months, Iondrive has engaged with prospective consortium members, including automotive OEMs, battery manufacturers, material processors, and recyclers - through a coordinated pre-consortium process led by PEM.
• Iondrive has established a German subsidiary, Iondrive EU GmbH, as its local EU entity to participate in the consortium.

25 June - corporate presentation
Iondrive’s DES platform enables clean, efficient recovery of critical metals from battery waste, eWaste, and mining.