Iondrive (ASX: ION) has commissioned its first five-tonne IONSolv production campaign in North America, targeting approximately 1.4t of mixed rare earth oxide (MREO) during the fourth quarter of 2026. The campaign will process end-of-life permanent magnets through an established third-party facility to produce bulk samples for downstream customer qualification and refining programs. This follows independently reported validation using commercial US magnet feedstock that achieved unaudited single-pass leach efficiencies of about 96.5% for neodymium, 96.5% for praseodymium, and 93.5% for dysprosium. Tonne-Scale Production CampaignIondrive has engaged Kingston Process Metallurgy to process approximately five tonnes of permanent magnet feedstock using IONSolv, with ProProcess Engineering overseeing and facilitating the campaign. The program, which has an agreed budget of less than US$1 million, will be the largest IONSolv rare earth production campaign completed to date and its first tonne-scale MREO parcel for downstream qualification.