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

HotCopper Highlights: Qatari no-shows; uranium bulls are back; sweating the small stuff & more

Good Afternoon and welcome to the end of another week, I’m Jon Davidson and this is HotCopper Highlights, a segment where we go over
Silver bull concept

Week 5 CY26, wrapped: Silver outpaces NVIDIA(!), Oz CPI close to 4%; rare earth stocks shocked

It’s well and truly Trump 2.0 and we’ve had another very interesting start to the year.
yellowcake

CY24 all over again: Uranium back to US$100/lb as data centre power demand, everything rally join forces

If you want to find happy investors on the ASX, you'd probably be hard-pressed than anybody…

Manuka ramps up at Wonawinta, Mt Boppy on ‘outstanding’ 10-year mine plan

Manuka Resources (ASX: MKR) has revealed a robust 10-year mine plan for the Wonawinta silver and…