IperionX Secures Funding to Boost U.S. Titanium Production Strength
IperionX Receives Significant Funding for Titanium Production
IperionX Limited (NASDAQ: IPX, ASX: IPX) is thrilled to announce that the U.S. Department of Defense (DoD) has committed US$12.5 million from its previously announced US$47.1 million award. This funding is aimed at enhancing the U.S. Defense Industrial Base by accelerating the development of a robust and cost-effective titanium supply chain, processing minerals directly into high-quality metal.
Revised Project Scope and Increased Production Capacity
In addressing the urgent requirement for increased domestic production of primary titanium metal and related components, IperionX has revised the project scope under the Industrial Base Analysis and Sustainment (IBAS) program. This change prioritizes the rapid expansion of production capabilities at its dedicated Virginia Titanium Manufacturing Campus.
Investment in Capital Equipment
The newly allocated US$12.5 million will be used to finance orders for long-lead capital equipment critical for scaling up production to exceed 1,000 metric tons annually at the Virginia site. The major areas of enhancement include titanium deoxygenation, sintering processes, and powder metallurgy systems, as well as the fabrication of near-net-shape components and necessary infrastructure improvements. IperionX is committed to providing ongoing market updates regarding these expansion efforts.
Funding Milestones and Future Commitments
This recent funding boost builds on the earlier US$5 million obligation, which supported the advancement of the Titan Critical Minerals Project in Tennessee. This project is focused on making the rich reserves of titanium, zircon, and rare earths shovel-ready, with feasibility studies expected to wrap up in the early part of 2026. With the total DoD obligations now amounting to US$17.5 million, an additional US$29.6 million is anticipated to be allocated throughout the contract period, underscoring the commitment to enhancing titanium production capabilities.
Leadership Perspectives on Expansion Plans
Anastasios (Taso) Arima, CEO of IperionX, commented: "This funding commitment from the U.S. Government empowers us to rapidly secure long-lead capital equipment and engage with key suppliers.
"It fosters our expansion efforts in Virginia, allowing us to produce over 1,000 tons per annum of high-performance titanium products while establishing a fully integrated and traceable American titanium supply chain for both defense and commercial sectors. We are in the midst of executing a phased modular scale-up of our titanium production, and this endorsement from the DoD reflects our commitment to reshaping a resilient titanium production landscape in the U.S.
About IperionX and Its Significance
IperionX stands at the forefront of the American titanium and critical materials sector, utilizing patented technologies to develop high-performance titanium alloys from both titanium minerals and scrap. This not only allows for lower energy and operational costs but also minimizes carbon emissions, contributing to more sustainable industrial practices.
The Titan Critical Minerals Project represents the largest JORC-compliant mineral resource of titanium, rare earth elements, and zircon in the U.S. IperionX’s offerings are essential for various advanced industries, spanning sectors such as aerospace, defense, consumer electronics, hydrogen energy, automotive, and additive manufacturing.
Contact Information for Inquiries
For further inquiries, please reach out to:
Anastasios (Taso) Arima, Founder and CEO
Toby Symonds, President
Dominic Allen, Chief Commercial Officer
Investors: investorrelations@iperionx.com
Media: media@iperionx.com
Phone: +1 980 237 8900
Website: www.iperionx.com
Frequently Asked Questions
What is the purpose of the US$12.5 million funding?
The funding is aimed at scaling up titanium production capacity at IperionX's Virginia site, contributing to a robust national supply chain.
How will this funding affect IperionX's production capabilities?
This investment will enable IperionX to enhance its production capabilities to over 1,000 metric tons annually, which is crucial for meeting growing demands.
What projects are linked to this funding?
This funding is part of the overarching Titan Critical Minerals Project, which seeks to develop a comprehensive U.S. titanium supply chain.
What industries benefit from IperionX's products?
The products support advanced industries including aerospace, defense, consumer electronics, and automotive manufacturing.
Where can I find more details about IperionX?
For more information, visit the IperionX website or reach out through their investor and media contact emails.
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