Ionic Mineral Technologies Successfully Completes Oversubscribed $29 Million Series B Funding Round for Expansion of U.S. Production of Sophisticated Battery Components
Ionic Mineral Technologies (Ionic MT), a leading innovator in advanced battery materials, has announced plans to ramp up production of its key products: Ionisil™ nano-silicon anode material and IonAl™ high-purity boehmite alumina. The company has secured $29 million in Series B funding to support this growth.
The funding, which exceeded its initial $25 million target and was oversubscribed, will be used to expand capacity at Ionic MT's 74,000-square-foot facility in Provo, UT. The company sources its proprietary, high-purity halloysite clay from its Halloysite Hills & Silicon Ridge resources in Utah.
Ionisil™ nano-silicon anode material production is set to scale to 1,000 metric tons annually. This material is produced using a patented, silane-free magnesiothermic reduction process, offering energy capacities over 2,500 mAh/g. Ionic MT is supporting Gen-2 sample qualification with global battery OEMs and suppliers, aiming for early commercial adoption around early 2026.
IonAl™ high-purity boehmite alumina production will increase to 5,000 metric tons annually. IonAl™ serves as a high-margin co-product essential for lithium-ion battery separators and advanced ceramics. Commercial shipments and positive cash flow are expected by 2026, offering a domestic alternative to imported alumina critical for battery manufacturing.
Andre Zeitoun, Founder and CEO of Ionic Mineral Technologies, said, "We are advancing toward key commercial milestones in 2025 and 2026, including product validation with Tier-1 partners in electric vehicles (EV), battery, and defense sectors." The company is also expanding its leadership with experts in materials science, battery R&D, and manufacturing scale-up to support this growth.
Ionisil™ is a nano-silicon anode material engineered for next-generation electric vehicle (EV) and defense batteries. IonAl™ is a high-purity boehmite alumina used in battery separators and advanced technical ceramics. Ionic MT processes both materials in-house using proprietary, low carbon methods.
This fully integrated model improves capital efficiency and reduces reliance on foreign supply chains, aligning with U.S. industrial and national security priorities. The funding and strategic partnerships aim to meet the growing demand for advanced battery components in EV and energy storage markets.
In summary, Ionic Mineral Technologies is currently scaling production of Ionisil™ and IonAl™ materials in the U.S., with commercial production and market entry planned for 2026. The company's focus on innovation and sustainability positions it well to meet the demands of the growing EV and energy storage markets.
[1] Ionic Mineral Technologies. (2025). Ionic Mineral Technologies Secures $29 Million in Series B Funding to Accelerate Production of Advanced Battery Materials. Retrieved from https://www.ionicmt.com/news/ionic-mineral-technologies-secures-29-million-in-series-b-funding-to-accelerate-production-of-advanced-battery-materials
[2] Ionic Mineral Technologies. (2025). Ionic Mineral Technologies Scales U.S. Production of Advanced Battery Materials. Retrieved from https://www.ionicmt.com/news/ionic-mineral-technologies-scales-us-production-of-advanced-battery-materials
[3] Ionic Mineral Technologies. (2025). Ionic Mineral Technologies Advances Toward Key Commercial Milestones in 2025 and 2026. Retrieved from https://www.ionicmt.com/news/ionic-mineral-technologies-advances-toward-key-commercial-milestones-in-2025-and-2026
- The Series B funding of $29 million secured by Ionic Mineral Technologies will be invested in business expansion, specifically in increasing the production of Ionisil™ nano-silicon anode material and IonAl™ high-purity boehmite alumina, which are essential for the advancement of technology in electric vehicle and energy storage industries.
- With the increased production of Ionisil™ and IonAl™ materials, Ionic Mineral Technologies aims to capitalize on the growing demand in the finance sector, particularly in investing in the electric vehicle and energy storage markets, which are expected to see significant growth by 2026.
