Collectively, the findings suggest a commercial-scale plant, based on Iondrive’s DES technology, is highly cost competitive with a conventional hydrometallurgical plant and with a more environmentally friendly footprint. Together with outcomes from previously announced PFS activities, the Board of Iondrive consider this provides the Company with a high level of confidence in progressing to the next stage of commercialisation.
Iondrive Limited Dr CEO Ebbe Dommisse commented:
“Our PFS activities, conducted in collaboration with leading organisations, have solidified the technical feasibility and commercial viability of Iondrive’s DES battery recycling technology. By partnering with high-calibre consultants and engineering experts, we’ve rigorously de risked this innovative process, demonstrating substantial economic advantages, including significantly lower capital and operating costs, compared to traditional recycling methods. Equally important, our technology offers an environmentally sustainable solution, aligning with global demand for greener, closed-loop battery recycling practices.
The board and I are excited to take the next steps toward pilot plant development and to further engage with potential partners and non-dilutive funding sources. We are committed to advancing Iondrive’s DES technology as a competitive, responsible choice for critical mineral recovery in key markets and look forward to its transformative impact on the battery recycling industry.”
PEM RWTH Aachen University commented:
“To verify the economics of IDT’s process, PEM RWTH Aachen University conducted a benchmarking analysis, establishing key performance indicators (KPIs) such as direct and indirect costs, machinery lifetime (CAPEX), and reagent, maintenance, labour, and utility costs (OPEX). The comparison of IDT with another hydrometallurgical company scaled to 18 kilotons of battery active mixed materials per year revealed substantial cost advantages for IDT, with CAPEX 36% lower. Beyond costs, the analysis indicated strong demand for hydrometallurgical recycling capacity in Europe. Over the next five years, projected black mass volume is expected to exceed the capacity of announced recycling hubs by a factor of two, signalling a promising investment opportunity. Iondrive’s unique process is well-positioned for the European market, offering a strategic investment opportunity in urgently needed recycling hub capacities.”
Max Piirto, Wood, Vice President, Growth and Development, Minerals and Metals commented:
“We have a proud history of developing pioneering process engineering solutions for battery material applications and I am delighted that our technical expertise has been recognised for this innovative battery recycling project. Working in partnership with Iondrive we are thrilled to be selected as the consultant of choice to advance their novel black mass refining process and the commercialisation of the technology thereafter”
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