Iondrive Limited engages in battery technology commercialization and mineral exploration, focusing on next-generation battery technologies and high-value mineral recovery. The company holds three exclusive worldwide licenses covering: an enhanced performance non-flammable lithium-ion based battery; a low-cost, environmentally sustainable method for recycling lithium batteries; and a low-cost, high-cycle-life water-based battery. Iondrive also maintains a significant mineral exploration portfolio in South Korea, including rare earth elements, lithium, and precious metals interests. The business purpose is to develop and commercialize battery materials and recycling processes while pursuing exploration assets to support supply chain resilience for critical minerals.
Founded in 2004, Iondrive is headquartered in Adelaide, Australia, and trades on the ASX under ticker ION. The company operates across two primary segments: battery technology commercialization and mineral exploration, with a strategic emphasis on transitioning from laboratory validation to pilot and commercial-scale deployment. In addition to its core battery platforms, Iondrive pursues partnerships and potential acquisitions to advance licensing opportunities, pilot projects, and commercialization pathways for its technology. The company’s geographic reach includes Australia and international initiatives targeting the United States and European Union markets for its modular, low-emission mining and recycling solutions. Subsidiaries and related entities support technology development, licensing, and project exploration activities as part of Iondrive’s integrated approach to sustainable resource recovery and critical mineral supply.