Australia's Iondrive hits 9-month high on rare earth production campaign
03/08/2026 05:00
BUZZ-Australia's Iondrive hits 9-month high on rare earth production campaign ** Shares of Australia's Iondrive ION.AX jump as much as 22.9% to A$0.059, hitting their highest since October 27, 2025
** Battery recycling technology co announces a five-tonne batch production campaign, targeting recovery of about 1.4 tonnes of mixed rare earths oxide in Q4 CY2026
** Adds, co engages North American third-party facility Kingston Process Metallurgy to use co's IONSolv process to recover rare earth elements from end-of-life permanent magnets
** 17.9 million shares change hands, 3.5x the 30-day average of 5.1 million
** Stock up 32.6% YTD
(Reporting by Shravya Marakini in Bengaluru)
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