Iondrive Shares Surge 21.7% as Economic Study Validates Battery Recycling Project

2 min read | February 19, 2025 11:19 AM AEDT | By Team Kalkine Media

Iondrive Shares Surge 21.7% as Economic Study Validates Battery Recycling Project — Image source: shutterstock

Strong Financial Performance & Independent Validation

The economic modelling was based on processing 21,000 tonnes of raw black mass annually, converting it into 10,000 tonnes of upgraded black mass and ultimately yielding battery-grade metals. The results highlighted:

Post-tax Net Present Value (NPV) of $249M (€149M) and an Internal Rate of Return (IRR) of 17.4%, demonstrating strong financial viability.
Capital expenditure (CAPEX) of $16M (€9.6M) per tonne throughput capacity per annum, covering both pre-treatment and solvometallurgical DES processes.
Operational expenditure (OPEX) and cost estimates provided by leading engineering consultancy Wood, ensuring realistic financial projections.
Pricing assumptions sourced from Benchmark Minerals International (BMI), a global leader in metals forecasting.

Strategic Next Steps: Pilot Plant on Track for 2025

The study reinforces Iondrive’s environmental and economic value proposition, positioning it as a major player in the sustainable battery materials sector. The company remains on track to begin pilot plant construction in 2025, a crucial milestone before full-scale commercialization.

While the economic modelling is considered conservative, it does not yet factor in potential economies of scale, suggesting further upside potential as the project expands.

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