Australia's Iondrive rises on $15 million state incentive package for offshore US module
29/06/2026 01:43
BUZZ-Australia's Iondrive rises on $15 million state incentive package for offshore US module ** Shares of Iondrive ION.AX rise as much as 33.3% to A$0.032, hitting their highest level since March 3
** Stock set for strongest intraday trading session since December 3, 2024
** The battery recycling technology company received a letter of support from the Oklahoma Department of Commerce
** Letter for proposed development of its advanced critical minerals processing and recycling module in Oklahoma, USA
** Company says state incentive package scalable to more than $15 million
** Around 7.6 million shares change hands, 7.6x the 30-day average volume
** Day's gains so far cut stock's YTD losses to 30.2%
(Reporting by Shivangi Lahiri in Bengaluru)
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