Iondrive (ION) Investor presentation summary

Platform overview and technology

• IONSolv™ is a proprietary, scalable processing platform that selectively recovers and upgrades metals from complex materials into higher-value products, using Deep Eutectic Solvent (DES) chemistry developed with the University of Adelaide.

• The platform is modular and can be applied across e-waste/rare earths, solar PV, and battery materials, enabling multiple value-upgrade pathways from a single technology.

• The process involves selective leaching, separation, and solvent recycling, resulting in high-purity outputs and closed-loop, reusable solvents.

• Independent validation confirmed 96.5% NdPr and 93.5% Dy recovery from US commercial e-waste feedstock.

• The technology is positioned to address critical supply chain gaps in Western markets, reducing reliance on China-dominated refining.

Market opportunity and economics

• Significant value is lost annually as Western e-waste, batteries, and solar PV are routed to landfill or through China-dominated refining; IONSolv™ aims to intercept and redirect this value to Western end-use.

• Addressable market for IONSolv™ is estimated at $12–18bn in 2026, growing to $22–28bn by 2030.

• Phase 1 unit economics show a modular plant capex of US$4.6m, NPV10 of US$7m, IRR of 46%, and a 2.6-year payback per 2,000 tpa module.

• Targeted output per module is 115 tpa of mixed rare earth oxides, with plans to scale to 20,000+ tpa installed capacity by 2029.

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

Execution, partnerships, and milestones

• Key milestones include binding US partner agreements, technical validation, pilot plant commissioning, and securing up to US$15m in non-dilutive Oklahoma state incentives for the first US commercial module.

• Commercial rollout is planned in three phases: validate (2025–26), deploy (2027–28), and scale (2029+), with the first US facility targeting late 2027.

• Strategic partnerships include Livium (solar PV), Latitude 66 (cobalt), and EU consortium partners for battery recycling.

• The business model leverages modular deployment, co-location, and licensing, with a focus on capturing value near waste-generation points.

• Leadership team brings global experience in mining, technology, and commercialisation, with a strong US-based presence to drive expansion.