Ionic Mineral Technologies, a vertically-integrated US producer of advanced materials for the energy, defense and technology sectors, has closed a $29-million Series B financing round.
The oversubscribed round, which exceeded its initial $25-million target, will enable the company to expand capacity at its facility in Provo, Utah, accelerating production of its Ionisil and IonAl battery materials.
Ionisil is a nano-silicon anode material engineered for next-generation electric vehicle and defense batteries. IonAl is a high-purity boehmite alumina used in battery separators and advanced technical ceramics.
Production of Ionisil will scale to 1,000 metric tons annually, supporting Gen-2 sample qualification with global battery OEMs and suppliers. Ionic’s silane-free magnesiothermic reduction process delivers anode material with energy capacities exceeding 2,500 mAh/g, which it says positions the company as a cost-efficient alternative to current silicon anode producers.
Production capacity for IonAl will increase to 5,000 metric tons annually. IonAl is a high-margin co-product essential for lithium-ion battery separators and advanced ceramics. The company expects to make commercial shipments and positive cash flow in 2026, offering a domestic supply alternative to imported alumina.
Ionic sources its high-purity halloysite clay from its Halloysite Hills & Silicon Ridge resources in Utah and processes it in-house. This fully integrated model improves capital efficiency, reduces reliance on foreign supply chains and aligns with US industrial and national security priorities, the company said. It is advancing toward key commercial milestones in 2025 and 2026, including product validation with Tier-1 partners in the EV, battery and defense sectors.
“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,” said Andre Zeitoun, founder and CEO at Ionic Mineral Technologies.
Source: Ionic Mineral Technologies