Iondrive Receives $1,026,151 R&D Tax Incentive to Advance IONSolv Rare-Earth Technology in the US

Anjali Anand

03 November 2026 08:45 PM AEDT

Iondrive Receives $1,026,151 R&D Tax Incentive to Advance IONSolv Rare-Earth Technology in the US

Image Source: Krish Capital Pty Ltd

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Iondrive Limited (ASX:ION) has received $1,026,151 under the Australian Government's R&D Tax Incentive for the financial year ended 30 June 2026, with the funds directed toward advancing its IONSolv™ rare-earth recovery technology in the United States.

Key Points

Iondrive received $1,026,151 under the Australian Government's R&D Tax Incentive for the financial year ended 30 June 2026.
The funds will support technical qualification, customer engagement and engineering activities in the US.
The company is progressing separate funding opportunities for a proposed first commercial processing module in Oklahoma.
The R&D tax incentive claim was previously disclosed in Iondrive's September 2026 Quarterly Activities Report.

R&D Tax Incentive Receipt and Designated Use of Funds

Iondrive disclosed that the $1,026,151 payment was received under the Australian Government's R&D Tax Incentive scheme, covering the financial year ended 30 June 2026. According to the filing, the receipt follows the company's September 2026 Quarterly Activities Report, which had previously disclosed the R&D tax incentive claim. The company stated that the funds will be applied specifically to technical qualification, customer engagement and engineering activities as it advances its IONSolv™ technology platform within the United States market. No further breakdown of the allocation of funds across those three categories was provided in the filing.

IONSolv Technology Platform and Oklahoma Processing Module

Iondrive's IONSolv™ platform is described in the filing as a metal extraction technology based on deep eutectic solvent chemistry, designed for selective recovery of critical minerals across multiple feedstocks. 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. Separately, the company disclosed it continues to progress funding opportunities for a proposed first commercial processing module located in Oklahoma, United States, though no details regarding the size, structure or timeline of those funding opportunities were disclosed in the filing.

Adelaide-Headquartered Company Advancing US Commercialisation

Iondrive Limited is headquartered at 16 Anster Street, Adelaide, South Australia, and holds ABN 30 107 424 519. The company is focused on commercialisation pathways for its IONSolv™ critical minerals recovery platform, with the United States identified as a key commercialisation market. The filing was authorised for release by the Chair of Iondrive Limited and dated 3 November 2026. No financial guidance, revenue figures or production targets were disclosed in connection with the R&D tax incentive receipt or the ongoing US commercialisation activities described in the filing.

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