Article

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.