Added to YB: 2026-09-08
Pitch date: 2026-09-04
ION.AX [neutral]
Iondrive Limited
+23.6%
current return
Author Info
OptimusDelta is a full-time investor with 20+ years experience in the Defense sector, from operational deployments through to commercial application. Sign up for the newsletter.
Company Info
Iondrive Limited operates as a critical-minerals processing technology company in Australia. The company offers IONSolv, a metal extraction platform technology for the recovery of critical minerals, such as light and heavy rare earth elements, neodymium, praseodymium, and dysprosium from recycled magnets, e-waste, solar cells, and lithium-ion batteries.
Market Cap
AUD 110.2M
Pitch Price
AUD 0.09
Price Target
N/A
Dividend
N/A
EV/EBITDA
-15.01
P/E
-0.15
EV/Sales
N/A
Sector
Metals and Mining
Category
growth
The heavy end of the problem - Iondrive Limited
ION.AX (monitor): Iondrive’s low-temperature, modular magnet-recycling process has published first-module economics of US$243m post-tax NPV on US$11.9m development capital, but the increase from the prior US$7m estimate principally reflects assumed feedstock grade of 30.66%, the highest of four tested streams. With no contracted feedstock, site, offtake or final investment decision, the case turns on fourth-quarter work confirming commercial supply at that grade and a workable price.
Read full article (7 min)