Ionic Mineral Technologies Announces Results of Independent PEA for Silicon Ridge Project, Demonstrating US$12.1 Billion After-Tax NPV (8%) and 69% After-Tax IRR
SGS-prepared PEA outlines a long-life, capital-efficient, polymetallic U.S. critical-minerals and advanced-materials project based on the Project’s maiden Mineral Resource Estimate
Ionic Mineral Technologies (“Ionic MT” or the “Company”), a U.S.-based vertically integrated producer of advanced materials and critical mineral solutions, today announced the results of an independent Preliminary Economic Assessment (“PEA”) for its Silicon Ridge Project in Utah County, Utah.
The PEA was prepared by SGS under the standards of U.S. Regulation S-K subpart 1300 (“S-K 1300”), with the financial model reviewed and confirmed as final by the independent Qualified Person. The PEA outlines a project with an after-tax net present value (8%) of approximately $12.1 billion, an after-tax internal rate of return of 69%, and a 1.5-year payback period.
The PEA outlines a project designed to produce a diversified portfolio of advanced materials, rare earths, and critical minerals from a single domestic resource. Rather than depending on a single commodity, Silicon Ridge is expected to generate value across alumina products, amorphous nano-silica, and 19 individually valued critical minerals and rare earth elements — each named on the U.S. Government’s critical minerals list — including gallium, germanium, rubidium, cesium, and thirteen rare earth oxides. That diversified production model underpins more than $92 billion in projected life-of-mine gross revenue over an initial 44-year operating plan.
