Ionic MT secures $29 million to boost domestic battery material production in Utah
The funding will expand Ionic MT's facility and enhance production of high-performance battery materials, supporting US industrial security priorities
Ionic Mineral Technologies (Ionic MT), a US producer of advanced materials, has announced the closing of a $29 million Series B financing round. This round was oversubscribed, surpassing the initial target of $25 million, indicating strong investor confidence in the company's mission to create a secure domestic supply chain for critical battery components.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
