Ionic Mineral Technologies successfully secures oversubscribed $29 million in Series B funding to expand domestic production of cutting-edge battery components in the United States.
Ionic Mineral Technologies (Ionic MT), a leading innovator in the battery materials sector, has recently secured a $29 million Series B funding round. This investment aims to scale up the production of two critical battery materials: IonisilTM, a nano-silicon anode material, and IonAlTM, a high-purity boehmite alumina used in lithium-ion battery separators [1][2].
The funding round, which surpassed the initial $25 million target, demonstrates strong investor confidence in Ionic MT's mission to establish a secure, domestic supply chain for critical battery components.
With this investment, Ionic MT is expanding production at its 74,000-square-foot facility in Provo, Utah. The company plans to scale Ionisil production to 1,000 metric tons per year, supporting further qualification with battery Original Equipment Manufacturers (OEMs) and suppliers. Their proprietary magnesiothermic reduction process, which avoids using silane, targets energy capacities above 2,500 mAh/g, aiming to enable higher-performance Electric Vehicle (EV) batteries at a lower cost [1].
Simultaneously, IonAl production is set to increase to 5,000 metric tons annually. This move provides a domestic alternative to imported alumina used in lithium-ion battery separators. Commercial shipments of IonAl are forecast for 2026 [1].
Beyond scaling production, Ionic MT is advancing product validation with Tier-1 partners in the electric vehicle, battery, and defense sectors, while also expanding its technical and manufacturing teams. Their in-house processing of halloysite clay sourced domestically supports a low-carbon, secure supply chain aligned with U.S. national and industrial goals [1].
Andre Zeitoun, the Founder and CEO of Ionic Mineral Technologies, leads this growth. The company continues to strengthen the domestic foundation for next-generation battery materials, moving closer to key commercial milestones in 2025 and 2026.
IonisilTM is a nano-silicon anode material engineered for next-generation EV and defense batteries, while IonAlTM is a high-purity boehmite alumina essential for lithium-ion battery separators and advanced ceramics. This fully integrated model improves capital efficiency and reduces reliance on foreign supply chains [1].
The Series B financing round was reported by the latest Batteries News, marking a significant step forward for Ionic Mineral Technologies as it works towards a sustainable, domestic future for battery materials.
[1] Ionic Mineral Technologies Press Release. (2022). Ionic Mineral Technologies Secures $29 Million Series B Financing Round to Scale Production of Critical Battery Materials. [Online]. Available: https://ionicmt.com/news/ionic-mineral-technologies-secures-29-million-series-b-financing-round-to-scale-production-of-critical-battery-materials/
[2] Batteries News. (2022). Ionic Mineral Technologies Raises $29 Million in Series B Funding. [Online]. Available: https://batteriesnews.com/ionic-mineral-technologies-raises-29-million-in-series-b-funding/
The Series B financing round indicates a strong financial investment in Ionic MT's mission, particularly within the technology and business sectors, with the aim to scale up production of energy-related materials like IonisilTM and IonAlTM. With this, Ionic MT is poised to establish a secure domestic supply chain for critical battery components and advanced ceramics, thereby reducing dependency on foreign supply chains.
