Rare Earth Miner Ionic Targets IPO Amid Critical Minerals Push

Ionic Mineral Technologies LLC is considering an initial public offering as early as 2027, as US miners race to build a domestic supply chain for rare earths and other critical minerals.

The Utah-based company, which has a rare earth deposit in the state, hired Citigroup Inc. last year and is working to build out its project ahead of a potential listing, said Chief Executive Officer Andre Zeitoun.