Iondrive (ION) Investor presentation summary

Market opportunity and industry context

• Over 80% of global critical mineral refining is concentrated in Asia, creating supply chain risks for other regions and opportunities for local, low-impact refining solutions.

• Rapid growth in EVs and renewables is straining Western supply chains, with governments and OEMs seeking local supply chain security.

• Only 22% of global e-waste is formally recycled, leaving most valuable metals lost to landfill and slag.

• The global e-waste market is valued at $91B, with significant upside for improved recovery technologies.

• Battery recycling market is projected to surpass $100B by 2040, with black mass supply reaching 11.3M tonnes.

Technology and platform advantages

• IONSolv™ platform uses selective, low-cost, green chemistry for critical mineral recovery, offering a modular alternative to traditional smelting and refining.

• Achieves high recovery rates (~98%) for critical minerals like Li, Ni, Co, and Mn, outperforming conventional processes.

• Closed-loop process recycles reagents, reduces energy use, and lowers environmental impact compared to legacy methods.

• Tailored deep eutectic solvents (DES) enable selective extraction of target metals, are low toxicity, biodegradable, and reusable.

• Each upgrade step in processing adds 30-120% value uplift, converting low-value waste into high-value oxides.

Commercial progress and validation

• Bench-scale validation completed for e-waste, MHP, and black mass; pilot plant commissioning finalizing in Q4 2026.

• North American test work achieved 93.8% neodymium and 95.1% praseodymium extraction, exceeding prior techno-economic assessment assumptions.

• Validated recoveries support a 46% IRR and ~$7M NPV for rare earth recycling pathway.

• Early revenue targeted within 1-2 years, with modular rollout planned across e-waste, mining intermediates, and battery recycling.

• Strategic partnerships established with Colt Recycling, Elemental Group, Livium, and leading research institutions.