Australia's Iondrive hits 2-week high on eWaste supply deal to recover rare earths

ReutersSep 1, 2025 12:57 AM

Shares of Iondrive ION.AX rise as much as 20% to A$0.054, their highest level since August 18; last up 11.1%

At the current level, the battery recycling company is heading for its best day since mid-August, if gains hold

Co signs binding deal with Colt Recycling, a U.S. eWaste processor, to recover rare earth elements from eWaste

Under deal, Colt will supply Iondrive with eWaste feedstock for processing to recover rare earth elements

Stock up 66.7% this year, including the day's move

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