Ionic Mineral Technologies Plans 2027 IPO Amid US Rare Earths Initiative
Ionic Mineral Technologies LLC, based in Utah, is considering an IPO in 2027 as part of the US efforts to develop a domestic supply chain for rare earths and critical minerals. The company's Silicon Ridge project is fully permitted and contains essential elements like terbium, dysprosium, and gallium. Ionic has hired Citigroup to assist with the IPO process and aims to finalize offtake agreements and funding ahead of the listing. The US government is investing in initiatives to reduce dependence on China for critical minerals.
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Ionic Mineral Technologies LLC is targeting a 2027 IPO, focusing on its Silicon Ridge project in Utah, which contains significant rare earths and critical minerals. The company has secured permits and is working with Citigroup to prepare for the IPO.
The Silicon Ridge deposit includes key elements like terbium, dysprosium, and neodymium-praseodymium, vital for consumer electronics and defense. The US is enhancing its critical minerals supply chain independent of China, with recent government initiatives including a $12 billion stockpile plan. Ionic plans to release an economic assessment for the project in early 2026.
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