PROVO, UT, Ionic Mineral Technologies today announced the close of a $29 million Series B financing round.
Ionic Mineral Technologies, a vertically integrated U.S. producer of advanced materials for the energy, defense, and technology sectors, today announced the close of a $29 million Series B financing round. The oversubscribed round, which exceeded its initial $25 million target, reflects growing investor confidence in Ionic MT's mission to establish a secure, domestic supply chain for critical battery components.
Ionic Mineral Technologies is a vertically integrated producer of advanced materials essential to energy storage, national defense, and clean manufacturing. Backed by a permitted domestic mineral resource and proprietary processing technologies, the company is scaling production of Ionisil nano-silicon and IonAl high-purity alumina-two of the most strategically important components in next-generation battery systems and technologies. Ionic MT's asset-backed, multi-product platform offers a secure and scalable alternative to geopolitically vulnerable global supply chains.
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