Ionic Mineral Technologies Announces $12.1 Billion NPV for Silicon Ridge Project
Ionic Mineral Technologies' Silicon Ridge project in Utah has an estimated after-tax NPV of $12.1 billion and an IRR of 69%. The project aims to produce a diverse range of advanced materials and critical minerals, reducing reliance on imports and enhancing domestic supply chains.
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Ionic Mineral Technologies (Ionic MT) has released a preliminary economic assessment (PEA) for its Silicon Ridge project, indicating an after-tax net present value (NPV) of approximately $12.1 billion and an internal rate of return (IRR) of 69%. The PEA forecasts total gross revenue of over $92 billion over a 44-year lifespan, with significant contributions from alumina products and critical minerals including gallium and germanium.
The production model emphasizes diversification, minimizing reliance on single commodities, and the project's clean processing method eliminates traditional tailings waste. The mineral resource estimate is 330 million tonnes, covering less than 10% of the 12,000-acre area. The project is strategically important as it addresses U.S. import dependency on critical minerals impacted by foreign control and export restrictions.
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