Ionic Mineral Technologies secures $29 million in an oversubscribed Series B funding round to boost U.S. battery materials production.

Jul 10, 2025•23 days ago

Amount Raised

$29 Million

Round Type

series b

ProvoManufacturing

Description

Ionic Mineral Technologies, a U.S. producer of advanced materials, has completed a $29 million Series B financing round. This oversubscribed funding will enhance production capacity and support key commercial milestones. The round exceeded its original target, reflecting strong investor confidence

Company Information

Company

Ionic Mineral Technologies

Location

Provo, Utah, United States

About

Ionic Mineral Technologies (Ionic MT), U.S.-based advanced battery materials leader, is paving the way to an electrified future. The company’s vertically integrated operation produces drop-in nano-silicon (IonisilTM) to boost power capacity and charging speed for lithium-ion batteries. Third parties, including the U.S. Department of Energy’s Argonne National Lab, have tested Ionic MT’s halloysite-derived nano-silicon product and the company is on track to be one of the nation’s highest-volume producers of this critical battery material and help meet demand across the electric vehicle, stationary storage, and other decarbonizing markets.

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