IperionX Expands Titanium Production Capacity with US Government Funding

IperionX Limited is expanding its titanium production capacity with government funding. The company uses patented metal technologies to produce high-performance titanium alloys from minerals or scrap, with lower energy and carbon emissions. Its Titan Project in Tennessee covers 11,000 acres and is prospective for critical minerals including titanium, rare earth elements, silica sand, and zircon.

Charlotte, N.C., Aug. 26, 2025 (GLOBE NEWSWIRE) — IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) has announced that the U.S. Department of Defense (DoD) has obligated $12.5 million under its previously announced $47.1 million award. This funding is aimed at strengthening the U.S. Defense Industrial Base by accelerating the scale-up of a resilient, low-cost, and fully-integrated U.S. mineral-to-metal titanium supply chain [1].

The funds will be applied to purchase orders for long-lead, major capital equipment required for the next stage of capacity scale-up to over 1,000 metric tons per year at IperionX’s Virginia Titanium Manufacturing Campus. This includes titanium deoxygenation, sintering, and powder metallurgy systems, as well as near-net-shape component manufacturing and ancillary infrastructure upgrades [2].

The $12.5 million follows a previous $5 million obligation for the Titan Critical Minerals Project in Tennessee, bringing total funding to $17.5 million. An additional $29.6 million is expected to be obligated over the contract term to support further titanium production capacity at the Virginia Titanium Manufacturing Campus [1].

Anastasios (Taso) Arima, IperionX CEO, commented, "This new U.S. Government obligation allows IperionX to move immediately to secure long-lead capital equipment and lock in manufacturing slots with key suppliers. It accelerates our imminent Virginia expansion beyond 1,000 tpa of high-performance titanium manufactured products, and advances a fully integrated, low-cost and traceable American titanium supply chain for defense and commercial customers. We are executing a multi-phase modular scale-up in titanium production and manufacturing capacity — and this commitment from the DoD is a strong endorsement of our technology, our team, and our mission to reshore a resilient titanium production supply chain in the United States" [1].

IperionX is a leading American titanium metal and critical materials company. It uses patented metal technologies to produce high-performance titanium alloys from titanium minerals or scrap, at lower energy and carbon emissions. The company's Titan Project in Tennessee covers 11,000 acres and is prospective for critical minerals including titanium, rare earth elements, silica sand, and zircon [2].

References:
[1] https://finance.yahoo.com/news/iperionx-receives-12-5m-u-123000942.html
[2] https://www.stocktitan.net/news/IPX/iperion-x-receives-12-5m-u-s-government-funding-to-accelerate-q7w0nun857q.html