Iondrive soars on deal to market DES tech in Australia

Iondrive

17/09/2025 02:27

** Shares of Australia's Iondrive ION.AX rise as much as 8.7% to A$0.05, their highest level since September 2

** The battery recycling co signs a binding term sheet with Livium LIT.AX to commercialise its Deep Eutectic Solvent (DES) technology in Australia

** Livium to provide end-of-life solar panels, lithium-ion battery black mass, rare earths and other samples for evaluation using ION's DES process

** LIT's shares up as much as 7.7% at A$0.014

** ION up 63% YTD, including the session's moves

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com))