Ionic Mineral Technologies (Ionic MT), a U.S. producer of advanced materials for the energy, defense, and technology sectors, has closed an oversubscribed $29 million Series B financing round. The funding, which exceeded its $25 million target, signals strong investor confidence in Ionic MT’s goal to establish a secure, domestic supply chain for critical battery components.
The capital will be used to expand capacity at Ionic MT’s 74,000-square-foot facility in Provo, Utah, accelerating production of two high-performance battery materials:
1.) Ionisil: A nano-silicon anode material designed for next-generation electric vehicles (EVs) and defense batteries. Production will scale to 1,000 metric tons annually, supporting the qualification of Gen-2 samples with global battery OEMs and suppliers. Ionic MT’s patented, silane-free magnesiothermic reduction process yields anode material with energy capacities over 2,500 mAh/g, offering a cost-efficient alternative to current silicon anode producers.
2.) IonAl: A high-purity boehmite alumina used in battery separators and advanced technical ceramics. Production capacity will increase to 5,000 metric tons annually. IonAl is a high-margin co-product. Commercial shipments and positive cash flow are forecast for 2026, providing a domestic alternative to imported alumina.
Ionic MT sources its proprietary halloysite clay from its Utah resources and processes it in-house using low-carbon methods. This integrated model enhances capital efficiency, reduces reliance on foreign supply chains, and aligns with U.S. industrial and national security priorities.
With this funding, Ionic MT is on track for key commercial milestones in 2025 and 2026, including product validation with Tier-1 partners in the EV, battery, and defense sectors. The company continues to strengthen its leadership team with talent from leading institutions in materials science, battery R&D, and manufacturing.
KEY QUOTE:
“This successful raise marks a key inflection point for Ionic MT. We now have the capital to scale manufacturing, complete Tier-1 customer qualifications, and transition to commercial revenue—all while strengthening the domestic foundation for next-generation battery materials.”
Andre Zeitoun, Founder and CEO
