Article

Ionic Mineral Technologies LLC, based in Utah, is considering an IPO in 2027 as part of the US efforts to develop a domestic supply chain for rare earths and critical minerals. The company's Silicon Ridge project is fully permitted and contains essential elements like terbium, dysprosium, and gallium.

Ionic has hired Citigroup to assist with the IPO process and aims to finalize offtake agreements and funding ahead of the listing. The US government is investing in initiatives to reduce dependence on China for critical minerals.