Ionic Mineral Technologies Emerges from Stealth Mode to Scale Domestic Supply of Nano-Silicon for Electric Vehicle Batteries
The Company’s vertically integrated structure positions it to become a leading producer of nano-silicon for lithium-based batteries
- Ionic Mineral Technologies, founded in 2020, emerges today from stealth mode as it ramps up production of a critical material for the next generation of electric vehicle (EV) batteries: nano-silicon.
- Ionic Mineral Technologies is one of the only producers of nano-silicon that is vertically integrated and that sources feedstock from a 100% natural, domestic supply.
- The Company launches at an opportune time, just weeks after the Inflation Reduction Act (IRA) was signed into law. The IRA’s EV tax credits are designed to spur domestic mineral sourcing, which Ionic Mineral Technologies provides.
- According to Bloomberg New Energy Finance, the global demand for EVs is estimated to go from 9% today to 60% by 2030, and nearly all automakers are seeking nano-silicon suppliers for the next generation of EV batteries.
- Ionic Mineral Technologies will make its public debut at The Battery Show, right outside of Detroit, MI (Booth #3420) and CEO Andre Zeitoun will be presenting on Wednesday, September 14, 2022 at 3 pm EST.
SALT LAKE CITY–(BUSINESS WIRE)–#ElectricVehicles–Ionic Mineral Technologies (Ionic MT), a domestic advanced battery materials technology company, today emerges from stealth mode to debut its breakthrough halloysite-derived nano-silicon, Ionisil™, which can be used as a drop-in replacement for graphite in lithium-based batteries. Nearly all automakers are seeking nano-silicon to unlock significantly longer range and faster charging for electric vehicles (EVs).
As the only vertically integrated producer of nano-silicon, Ionic MT is uniquely positioned to be a leading domestic supplier of nano-silicon and accelerate the electrified future. The Company controls the world’s largest deposit of high-purity halloysite, the ideal feedstock to manufacture nano-silicon at scale. Halloysite’s naturally occurring nanotubular structure enables Ionic MT to employ a “top-down” approach to manufacturing nano-silicon, presenting significant scalability and environmental sustainability advantages compared to competitors.
“Halloysite-derived nano-silicon is a game-changer for the industry,” said Andre Zeitoun, founder and chief executive officer at Ionic Mineral Technologies. “At Ionic Mineral Technologies, we are the first to leverage this vast natural resource for the electric vehicle supply chain. With our approach, scalability is our advantage.”
“Ionic Mineral Technologies enters a hot market at an opportune time,” said Ram Chandrasekaran, head of road transport at global energy research firm, Wood Mackenzie. “With the demand for electric vehicle batteries expected to grow to over 3TWh by 2030, the need for next-generation battery materials is greater than ever.”
The Company launches just weeks after the Inflation Reduction Act (IRA) passed into law. The IRA’s EV tax credits hinge on domestically produced battery minerals, a largely non-existent supply chain. Ionic MT is positioned to address this ‘Achilles heel’ of the legislation and supply U.S.-sourced battery minerals and materials.
The Company will be exhibiting next week at The Battery Show in Novi, Michigan at Booth #3420, and CEO Andre Zeitoun will give a presentation, “Halloysite-Derived Nano-Silicon: Scaling Up from the Top Down,” in the Gold Ballroom on Wednesday, September 14, 2022 at 3 pm EST.
Ionic MT is operating out of its initial pilot plant and lab space, which includes a full battery testing lab, wet beneficiation of halloysite, and a patent pending, pilot-scale silicon production furnace to convert halloysite into nano-silicon.
About Ionic Mineral Technologies
Ionic Mineral Technologies (Ionic MT), a U.S.-based advanced battery materials leader, is paving the way to an electrified future. The company’s vertically integrated operation produces drop-in nano-silicon (IonisilTM) to boost power capacity and charging speed for lithium-ion batteries. Third parties, including the U.S. Department of Energy’s Argonne National Lab, have tested Ionic MT’s halloysite-derived nano-silicon product and the company is on track to be one of the nation’s highest-volume producers of this critical battery material and help meet demand across the electric vehicle, stationary storage, and other decarbonizing markets. Learn more at www.ionicmt.com.
Contacts
Media
Katie Durham
Antenna Group for Ionic Mineral Technologies
ionicmineraltech@antennagroup.com
