Australian (ASX) Stock Market Forum

ION - Iondrive Limited

coming out of trading halt. now 2c
.
Iondrive completes $6M placement to advance battery recycling pilot plant
..& presentation

Highlights
• $6 million Placement completed via the issue of 435,714,286 new Iondrive shares at $0.014 per share, representing a 16.7% premium to the last traded price
• Welcoming institutional investor Terra Capital, alongside major cornerstone shareholders, Strata Investment Holdings Plc and Ilwella Pty Ltd
• Strong participation by the Board and Management, including incoming Director Hugo Schumann and Commercial Director Lewis Utting
• The funds will be used to build and operate a Pilot Plant for the Deep Eutectic Solvent based battery recycling technology, progressing industry collaborations in the EU and US, and for general working capital
• Iondrive’s exclusively licensed technology extracts critical minerals from end-of-life lithium-ion batteries in a unique environmentally sustainable process.

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