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Iondrive Ltd ASX:ION

0 opened or increased2 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

31 Jan 2026 to today

Commentary Showing 2 of 4

DateManagerActionSummary

31 Jul 2026NorthStar Impact FundsHeldNorthStar Impact Funds continues to hold Iondrive because the company found momentum making inroads in the United States to execute its IONSolv technology for extracting rare earths from waste streams. The manager notes Iondrive has secured a pathway to execution in the US, supported by strong technical results and local capital support.

Monthly Report, price recorded $0.05

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30 Jun 2026NorthStar Impact FundsHeldNorthStar Impact Funds continues to hold Iondrive because the company has developed a proprietary chemical process called IONSolv that uses a specialised solvent to extract valuable metals including lithium, nickel, cobalt and rare earths from waste streams such as batteries, solar panels and electronic waste. The manager notes that in June the company announced a Letter of Support from the Oklahoma Department of Commerce for its first US rare-earth recovery module, backed by legislated performance-based incentives, alongside independent third-party-verified rare earth element leach recoveries from US commercial feedstock of 93.8% neodymium, 95.1% praseodymium and 93% dysprosium, plus 93.5% dysprosium from US e-waste verified on 15 June 2026.

Monthly Report, price recorded $0.03

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2 more comments on IONPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on ION.

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Articles

31 Jul 2026Iondrive's Smart Solvent Recycling Technology Gains US Government Backing

About Iondrive Ltd

Information Technology, Metals and Mining

Iondrive (ASX:ION), a critical minerals extraction technology company, is gaining momentum in the US. In July 2026, NorthStar Impact Funds said Iondrive has found momentum as it makes inroads in the US to commercialise its IONSolv solvent technology for extracting rare earths. In June 2026, NorthStar described IONSolv as a proprietary process using a smart solvent to recover valuable metals, including rare earths, from ores and waste. In January 2026, NorthStar noted positive early laboratory results for solar panel recycling. Iondrive operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 4 comments from 2 fund managers, including NorthStar. Headquartered in Adelaide, Iondrive develops deep eutectic solvent technology for extracting rare earths, lithium and other critical metals, and holds exploration projects in South Australia. Some commentary linked to this ticker refers to a different company and has not been used here.

Market cap: $123m
Price to earnings: Loss-making
Return on equity: -81.9%
Dividend yield: 0.0%
Price to book: 9.69x
52-week range: $0.02 to $0.16

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Iondrive Ltd (ASX:ION)?

Fund managers including NorthStar Impact Funds and Cyan Investment Management have invested in Iondrive Ltd (ASX:ION).

What opportunities or catalysts do fund managers highlight for Iondrive Ltd?

NorthStar highlights progress commercialising IONSolv in the US, applications in rare earths extraction and solar panel recycling, and a lower-impact processing approach.

What are the key risks to the Iondrive Ltd investment thesis, according to fund managers?

The available commentary does not detail specific risks, though Iondrive's technology still needs to prove commercial scale.

What does Iondrive Ltd (ASX:ION) do?

Iondrive Ltd. is an Australian exploration company focused on gold, silver, lithium, precious metals, rare earth elements, and other economic mineral deposits. Founded in 2004, the company is headquartered in Norwood, Australia. Its exploration projects target lithium, precious metals, and rare earth elements.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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