Iondrive is making significant strides towards bringing its pioneering battery recycling technologies to the market. The company, formerly known as Southern Gold Ltd, has announced its advancement towards the commercialization of its exclusive battery technologies.
To complete a pre-feasibility study (PFS) for its deep-eutectic solvent (DES) battery recycling technology, Iondrive has engaged the services of Rho Motion, a respected battery supply chain consulting firm based in the UK. The PFS involves a thorough technical review conducted by engineering firm Lycopodium (ASX:LYL), focusing on analysing the DES process, evaluating upstream feed material from an Australian supplier, and exploring downstream eco-friendly waste treatment.
Iondrive anticipates that the completion of the PFS, scheduled for the first quarter of next year, will pave the way for the optimal commercialization strategy for its DES battery recycling technology. The company asserts that its DES battery recycling technology is poised to outperform traditional battery recycling processes by achieving greater selectivity and recoveries of high-purity valuable metal elements, all while aiming for cost efficiencies.
Reiterating its commitment to the clean energy transition, Iondrive recently rebranded to better align with its strategic focus on downstream battery technologies and the exploration of critical clean energy transition minerals. This rebranding initiative included a name change from Southern Gold Ltd and the appointment of two esteemed non-executive directors, Jack Hamilton and Adam Slater.
Jack Hamilton, formerly associated with Calix Limited and AnteoTech Ltd (ASX:ADO), as well as the current non-executive director of Hazer Group Ltd (ASX:HZR, OTC:HZRGF), brings a wealth of experience to the board. Additionally, Adam Slater, who established a successful commodity trading division at SGX-listed CWT Limited and has an extensive venture capital network in Singapore, further strengthens the company’s leadership.
Furthermore, Dr. Ebbe Dommisse, a chemical engineer with extensive experience in scaling up early-stage chemical-based technologies, has been appointed as the interim CEO for Iondrive subsidiary, IonDrive Technologies. Dr. Dommisse is actively engaging with potential technological and commercial partners, driving studies into the technical and commercial aspects of Iondrive’s other next-generation battery technologies such as the Aqueous Sodium-Ion Battery and NCM 811 cathode active material technologies.
Expressing confidence in the company’s technologies, Dr. Ebbe Dommisse, the interim CEO of Iondrive Technologies, stated, “Since joining Iondrive a few months ago, my conviction in our technologies has only strengthened. The ingenuity of our DES battery recycling technology particularly stands out. It’s imperative that we develop sustainable solutions as the demand for battery recycling grows with the increasing use of electric vehicles. We are actively pursuing partnerships to scale this technology and are progressing towards a prefeasibility study, anticipating meaningful developments in the near future. Our team will be a driving force as we navigate this crucial industry evolution.”
Overall, Iondrive’s advancements in battery recycling technologies and its strategic realignment demonstrate a clear commitment to sustainable solutions in the face of growing demand for clean energy transition minerals and technologies.
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