Added to YB: 2026-09-24
Pitch date: 2026-09-19
ION.AX [bullish]
Iondrive Limited
+12%
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 162.0M
Pitch Price
AUD 0.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
-22.55
P/E
-0.22
EV/Sales
N/A
Sector
Metals and Mining
Category
special_situation
Back to the oxide - Iondrive Limited
ION.AX (update): Iondrive’s recycled rare-earth oxides could gain strategic value as U.S. defense rules trace magnet inputs to raw-material origin, with the funded LightPath prototype showing how policy deadlines can create qualification funding before commercial demand. At 12.5 cents and A$162m, the key near-term test is its Q4 U.S. feedstock campaign: the updated US$243m post-tax NPV assumes the highest sampled grade, while Iondrive still lacks a customer or federal qualification pathway.
Read full article (4 min)