Australia's Iondrive climbs on securing project to upgrade recovered graphite

Iondrive

15/07/2025 04:40

** Shares of Iondrive ION.AX rise as much as 10.4% to A$0.053, highest since April 19, 2022

** Battery recycling tech firm secures new project with CSIRO, Australia’s national science agency

** Says project to develop process to convert waste graphite from spent batteries into battery-grade anode material

** Says program to enhance co's deep eutectic solvent platform for recycling of cathode material from spent lithium-ion batteries, with potential to create additional high-value revenue stream

** Adds integrating graphite recovery expected to support potential 25% uplift in revenue from recycling operations commercial scale plant

** Shares last up 6.3% with YTD gains of 70%

 (Reporting by Ananya Verma in Bengaluru)

 ((Ananya.Verma@thomsonreuters.com;))