IperionX Secures $47.1M DoD Contract; Stock Jumps on Reshoring Efforts

IperionX Limited (ASX: IPX, NASDAQ: IPX), a leading American titanium metal and critical materials company, has secured a strategic contract worth up to US$47.1 million from the U.S. Department of Defense (DoD). The agreement aims to strengthen the U.S. Defense Industrial Base by accelerating development of a resilient, low-cost, and fully-integrated U.S. mineral-to-metal titanium supply chain. This news has driven IperionX's stock price up, reflecting investors' confidence in the company's reshoring efforts and growth potential.

The strategic partnership between IperionX and the DoD represents a combined investment of US$70.7 million over a two-year period, with the DoD obligating US$5 million through the Industrial Base Analysis and Sustainment (IBAS) program and IperionX contributing US$1 million. The remaining US$42.1 million will be obligated by the DoD over the duration of the agreement, facilitating vertical integration and increased titanium production capacity at IperionX's Titanium Manufacturing Campus in Virginia.

Anastasios (Taso) Arima, IperionX CEO, commented on the award: "This is a pivotal moment in IperionX's mission to re-shore the U.S. titanium industry. For too long, American industry has been reliant on foreign-controlled supply chains for this critical high-strength metal. IperionX's proprietary technologies, combined with the Titan Project, offer a pathway for a resilient end-to-end U.S. titanium supply chain. We are proud to be selected by the DoD as a key partner in strengthening U.S. industrial and defense capabilities."

IperionX's proprietary technologies, Hydrogen-Assisted Metallothermic Reduction (HAMR™) and Hydrogen Sintering and Phase Transformation (HSPT™), provide a pathway to produce low-cost, high-performance titanium. These technologies enable the company to produce titanium at a lower cost compared to traditional methods, while also improving process energy efficiency and reducing overall production costs. Additionally, IperionX's technologies allow for the production of high-purity titanium, meeting the demands of various industries such as aerospace, defense, and automotive.



The DoD's investment in IperionX reflects the Trump Administration's priority to secure domestic critical minerals and metals supply chains and to ensure resilient U.S. manufacturing capabilities. By developing a resilient, low-cost, and fully-integrated U.S. mineral-to-metal titanium supply chain, IperionX will support advanced U.S. industries by delivering a low-cost, scalable, and resilient solution. This strategic partnership with the DoD is expected to enhance IperionX's reputation and credibility in the market, attracting more investors and potentially leading to an increase in the company's stock price.

In conclusion, IperionX's new DoD contract is a significant milestone in the company's mission to re-shore the U.S. titanium industry. The strategic partnership with the DoD, combined with IperionX's proprietary technologies, positions the company well to deliver a low-cost, scalable, and resilient titanium supply chain. This news has driven IperionX's stock price up, reflecting investors' confidence in the company's growth potential and strategic position in the market.