Iondrive (ION) investor relations material

Platform overview and technology

• IONSolv™ is a proprietary, scalable processing platform using Deep Eutectic Solvent (DES) chemistry to selectively recover and upgrade metals from complex materials into higher-value products across e-waste, solar, and battery feedstocks.

• The process involves selective leaching, separation, and solvent recycling, enabling closed-loop, low-temperature, and high-purity metal recovery.

• Independently verified recoveries include 96.5% NdPr and 93.5% Dy from US commercial e-waste, and ~95% silver from solar PV modules.

• The platform is modular, supporting staged deployment and multi-vertical expansion.

Market opportunity and value chain

• Significant value is lost in Western waste streams, with most routed through China-dominated refining; IONSolv™ aims to intercept and redirect value to Western end-use.

• E-waste, end-of-life batteries, and solar PV represent multi-billion dollar annual recoverable value, with IONSolv™ targeting $12-18bn by 2026 and $22-28bn by 2030.

• The main bottleneck is the lack of selective upgrading processes downstream of collection, especially for rare earths, batteries, and solar materials.

Commercialisation and business model

• Revenue streams include processing fees, product sales (e.g., REE oxides, battery salts, silver), and strategic partnerships or licensing.

• Phase 1 economics show a capex of US$4.6m per module, 46% post-tax IRR, 2.6-year payback, and breakeven at US$51/kg NdPr, with modular scaling targeting 20,000+ tpa by 2029.

• The business model leverages modular deployment at urban-mining sites, reducing logistics costs and capturing value near waste generation points.