Iondrive Issues 3,960,000 Ordinary Shares Under Section 708A Notice on 12 November 2026

Aditi Sarkar

12 November 2026 03:39 PM AEDT

Iondrive Issues 3,960,000 Ordinary Shares Under Section 708A Notice on 12 November 2026

Image Source: Krish Capital Pty Ltd

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Iondrive Limited (ASX:ION) has disclosed the issue of 3,960,000 fully paid ordinary shares on 12 November 2026, without disclosure to investors under Part 6D.2 of the Corporations Act 2001, as detailed in a notice lodged under section 708A of the Act.

Key Points

Iondrive issued 3,960,000 fully paid ordinary shares on 12 November 2026
The shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001
The notice was provided under section 708A(5)(e) of the Act
The company stated it has complied with Chapter 2M and section 674 of the Act as at the date of the notice
The company disclosed there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) required to be disclosed under section 708A(6)(e)

Section 708A Share Issuance Details

Iondrive Limited lodged the statutory notice on 12 November 2026, confirming the issue of 3,960,000 fully paid ordinary shares in the company. The shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001. The notice was filed pursuant to section 708A(5)(e) of the Act. The filing was approved for release by the Chair of the Iondrive Board. No further terms relating to the issuance, including pricing or the purpose of the share issue, were disclosed in the filing.

Regulatory Compliance Statements

As at the date of the notice, Iondrive stated that the company has complied with the provisions of Chapter 2M of the Corporations Act 2001 as they apply to the company, and has complied with section 674 of the Act. The company further stated that there is no information constituting "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Act that is required to be disclosed by the company under section 708A(6)(e) of the Act.

About Iondrive and Its IONSolv™ Platform

According to the filing, Iondrive is advancing IONSolv™, described as a metal extraction platform based on deep eutectic solvent chemistry. The platform is designed to support selective recovery of critical minerals across multiple feedstocks. The filing states the platform is being developed for scalable deployment across rare earths, solar and battery materials, with a focus on commercialisation pathways aligned to emerging critical-minerals supply chains. Iondrive Limited holds ABN 30 107 424 519 and is headquartered in Adelaide, South Australia.

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