IperionX Secures $4.6M for Titanium Production Expansion
IperionX announces that the U.S. Department of War, DoW, through its Industrial Base Analysis and Sustainment, IBAS, program, has obligated the final $4.6M under IperionX's previously awarded $47.1M award. The funds will be applied to the scale-up of titanium production and advanced manufacturing capacity at IperionX 's Titanium Manufacturing Campus, enabling output of up to 1,400 metric tons per year. Additionally, the U.S. Government has transferred ~290 metric tons or high-quality titanium alloy scrap metal to IperionX for no cost, which is material that is surplus to its needs. The scrap metal is equivalent to approximately 1.5 years' worth of IperionX's titanium feedstocks at the existing full operating capacity of 200 metric tons per year. IperionX currently holds ~90 metric tons of titanium scrap metal in inventory at its facility, exclusive of the 290 metric tons to be transferred by the U.S. Government.
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IperionX Secures $0.3M Order for 700 Lightweight Titanium Components from American Rheinmetall
- Order Confirmation: IperionX has secured a $0.3M prototype purchase order from American Rheinmetall for 700 lightweight titanium components, resulting in a 2.5% increase in share price, reflecting market confidence in its offerings.
- Potential Expansion: This initial purchase order has the potential to evolve into a significantly larger agreement upon successful delivery, indicating the company's market potential and future growth opportunities in the heavy ground combat systems sector.
- Sustainable Production: The components will be manufactured in the U.S. using 100% recycled titanium feedstock, produced through IperionX’s patented HAMR™ and HSPT™ technologies, showcasing the company's commitment to sustainability.
- Technological Advantage: IperionX's Hydrogen Assisted Metallothermic Reduction and Hydrogen Sintering technologies not only enhance production efficiency but may also reduce costs, thereby strengthening the company's competitive position in the titanium materials market.

IperionX Secures $4.6 Million Funding to Scale Titanium Production to 1,400 Tons
- Funding Support: The U.S. Department of War has obligated the final $4.6 million under the IBAS program to support IperionX's Titanium Manufacturing Campus in Virginia, enabling a scale-up to 1,400 tons per year, significantly enhancing its market competitiveness.
- Raw Material Supply: The U.S. Government is transferring approximately 290 metric tons of high-quality titanium alloy scrap at no cost, equivalent to 1.5 years' worth of titanium feedstock at current capacity, ensuring stability and continuity in IperionX's production chain.
- Strategic Implications: This funding and scrap provision affirm the U.S. Government's commitment to establishing a low-cost, sustainable titanium supply chain, enhancing the resilience of the defense industrial base and reducing reliance on imports.
- Project Progress: IperionX has now received all funding from the Department of War, with prior obligations totaling $42.5 million used for long-lead titanium manufacturing equipment and advancing the Titan Critical Minerals Project in Tennessee, ensuring the project remains on track.






