Overview
- Ionic Mineral Technologies reports high-grade concentrations of 16 critical minerals, including lithium, gallium, germanium, rubidium, cesium, scandium, vanadium, tungsten, niobium and a suite of rare earth elements.
- Independent assays identify a halloysite‑hosted ion‑adsorption clay deposit analogous to formations that supply a large share of China’s rare earth output.
- Early work from 106 boreholes and 35 trenches over roughly 650 acres shows an average combined grade near 2,700 ppm, confirmed across about 11% of the mapped area to depths of around 100 feet.
- The company holds state leases and a Utah mining permit and cites an existing 74,000‑square‑foot processing facility in Provo and low‑temperature ion‑exchange extraction, though further drilling, economic validation, financing and refining capacity are still needed.
- Ionic MT has started a Preliminary Economic Assessment with initial results expected in the first half of 2026 and has engaged a major investment bank as capital‑markets adviser, while federal and Utah officials signal strong interest given supply‑chain and national‑security stakes.