IONDRIVE - ASX:ION Emerging Australian Battery Recycling Tech - Peer Comparisons / Industry Progress

IONDRIVE often mention its peers - and in particular - refers to the deals done in the recycle industry / market cap growth on milestones of peers / types of tech being used.

the following article may be worth a read - as it shows how a similar recycle crew - USA based "ASCEND ELEMENTS" - inked an EU deal very recently.

the deal highlights the size of money IONDRIVE is chasing / the field ION soon hope to be playing in.

this is not a negative for ION.

this just shows what is possible in the near future....

$USD320,000,000 in funding contributed to a plant being built... from the Polish government.

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the ASCEND / POLAND deal was signed 7th May 2025....

here is the direct link to ASCEND news page...

https://ascendelements.com/republic-of-poland-offers-ascend-elements-up-to-usd-320-million/

a quote from the link shows part of the positivity spin / sales pitch...

“............We are deeply grateful for the support of the Polish government and thrilled to expand our presence in Europe,” said Tomasz Poznar, Ph.D., Senior Vice President of Commercial at Ascend Elements. “This project is more than a strategic investment in cutting-edge battery materials production — it marks a critical step in transforming Europe’s battery materials landscape. By bringing our advanced Hydro-to-Cathode® technology to Poland, we aim to help bridge the growing gap in cathode precursor supply and contribute to the EU’s strategic net-zero goals by building a sustainable circular battery materials supply chain in the region...................”

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the following video shows a super-basic overview of the ASCEND tech / process / "special sauce".....

yet ION describe it as a ".... largely conventional metallurgical process...."

aka... ION is a better / though younger / "yet to be proven" process....



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the following article expands on the ASCEND/POLAND deal / the recycle industry as a whole / the different types of tech in play / the players getting deals done / how governments are driving this tech / and the tiny fraction of Euro batteries seeing onshore recycling - which is the gap that may allow the likes of ION a chance...

screenshot below of peer projects showing tech type and scale of $$$ involved...


https://discoveryalert.com.au/news/poland-battery-recycling-investment-2025-sustainability/







following screenshot shows tiny percentage of EU batteries being recycled.... room for the likes of ION to step in????

we can only hope...



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to be sure... ION are never shy to discuss their peers.

screenshot below is from the FEB 2025 presentation released by ION to ASX.

Link below to ION site.....

https://iondrive.com.au/investors/corporate-presentations/

pink arrows on screenshot added by bsh... to clearly show the ASCEND comparison by ION....







ION are not scared of peers...

ION are excited with the prospects.

hopefully the world does not implode in the meantime.

bsh