Australia's Iondrive gains as metal extraction tech moves toward commercialization
31/08/2026 07:01
BUZZ-Australia's Iondrive gains as metal extraction tech moves toward commercialization ** Shares of Iondrive ION.AX rise as much as 20% to A$0.078, their highest level since June, 2021
** Battery recycling co says its proprietary metal extraction technology IONSolv is moving from laboratory validation toward commercialisation, enabling recovery of critical minerals from e-waste
** Adds, Iondrive is advancing toward is expected to be its most "active" year yet for IONSolv, with board enhancements positioning the company for global operations beyond its research roots
** ION reports FY26 revenue of A$3.6 million ($2.58 million), up 211.4% from a year earlier
** YTD, stock up 72%
($1 = 1.3955 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)
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