UNEARTHED: Hidden under Utah is something America DESPERATELY needs
Fox Business
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July 15, 2026 at 12:46 PM UTC
Bullish
85% Confidence
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Key Points
- The Silicon Ridge Project is valued at $12.1 billion post-tax, with a 69% return rate and a 1.5-year payback period.
- The project will produce 19 critical minerals, including rare earths (NDPR, Dysprosium, Terbium, Yttrium) and other metals (Gallium, Germanium, Rubidium, Cesium, Scandium), as a co-product of alumina production.
- Ionic Mineral Technologies is 'shovel-ready' with mining permits on state ground in Utah and an 85,000 sq ft manufacturing facility, aiming to scale production within the next few years.
- The project is strategically important for US national security and defense, reducing reliance on China's dominance in rare earth minerals, with USTR Greer scheduled to visit the facility.
AI Summary
Ionic Mineral Technologies' Silicon Ridge Project in Utah is valued at $12.1 billion, focusing on rare earth and critical mineral production. This initiative aims to bolster America's critical mineral supply chain, reducing reliance on foreign adversaries, and the company plans an IPO in 2027.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bullish | 85% |
| Consensus | Bullish | 85% |