Image of a lithium battery
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Iondrive Ltd (ASX:ION) has achieved recovery rates of 100%, 98.6%, 98.4%, and 89.1% for nickel, cobalt, manganese, and lithium from raw black mass, according to a new study of its lithium-ion battery recycling process.

A previous study – reported in July – proved the scalability of the company’s recycling process using pure precursor Cathode Active Material (pCAM), excluding lithium.

In this new study, the black mass (or grounded spent batteries, with a mixture of different Li-ion battery types) was subjected to a three-stage pre-treatment process to remove impurities, and yielding the recoveries in question – an improvement from previous findings.

The study is an important milestone for the company, which is on-track to complete a prefeasibility study on its battery recycling technology by the end of October.

Once that’s complete, Iondrive will look at the development of a pilot plant for the technology, as well as opportunities for industry collaboration and non-dilutive funding in Europe and Australia.

Iondrive CEO Ebbe Dommisse said the results were a major breakthrough.

“Achieving such high recovery rates from mixed Black Mass is a significant step forward,” he said.

“Compared to our previous trials, which used pristine material, these new results demonstrate the robustness of our process, even with lower-quality, mixed material.

“Looking ahead, we expect to work with more consistent, higher-grade material through partnerships, which will further improve the efficiency and reliability of our recycling technology.”

Iondrive has been trading at 1.2 cents.

Join the discussion: See what HotCopper users are saying about Iondrive and be part of the conversations that move the markets.

ION by the numbers
More From The Market Online
The Market Online Video

ASX Market Open: Tech fumble on Wall Street to seep into Week 51 opening | Dec 15

ASX today – Australian shares are heading for a Monday fall, with futures down as much…

‘Comprehensive’ data hunt leads Ore Resources to 10 broad new prospect gold targets around Randalls South

Ore Resources has uncovered as many as ten broad new prospective targets at the Randall South…
The Market Online Video

HotCopper Highlights, Week 50: 4DX above $2/sh, Nanoveu, Ovanti & more

Good Afternoon and welcome to HotCopper Highlights wrapping up Week 50 of the year, I’m Jon Davidson.

‘Potential is enormous’: GreenX likes what it’s found in Tannenberg, is activating acquisition option

GreenX Metals has activated an option to secure control of the Tannenberg Copper Project in Germany,…