Totally Agree mate! Funding will be Definitely be very, very soon
IMHO, Party Funded by the ATF 30%-40%
Private Investment Requirements
1. Strategic Corporate Investors: Partnerships with automotive manufacturers or supply chain companies (like Ionic's existing relationships with Ford UK and Less Common Metals) could provide equity investment in exchange for offtake agreements or supply chain security
2. Institutional Investors: Private equity funds specializing in critical minerals and clean energy transition, similar to The Energy & Minerals Group that has invested in other UK rare earth projects
3. Government-Backed Investment: The UK Infrastructure Bank has recently made direct equity investments in critical minerals projects, as demonstrated by its £24 million investment in Cornish Lithium earlier this year.
Debt Financing, Hybrid Financing + many other options Definitive and Offtake agreements with partners
And Finally an example below
Ionic Technologies' Funding Track Record
Ionic Technologies has already demonstrated success in securing UK government funding:
1. Received up to £5 million in UK government grants and commitments to date
2. Secured £1.72 million from the ATF Scale-up Readiness Validation program in 2022
3. Awarded additional £2 million through Innovate UK CLIMATES grants in 2023
4. Secured £1.265 million in further Innovate UK CLIMATES grants in 2024
This track record strengthens Ionic Technologies' position when seeking additional private investment, as it demonstrates government confidence in the company's technology and business model.
To complement ATF funding for its rare earth commercial plant, Ionic Technologies will need to secure a diverse mix of equity investment, debt financing, and potentially hybrid instruments. The company's existing government funding track record and strategic partnerships position it well to attract private investment, particularly given the growing focus on critical minerals security in the UK and globally. A well-structured financing package with multiple layers of funding will be essential to mitigate risks and ensure the project's successful development and commissioning.
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