IperionX Stock Soars 21.05% on $99M DoD Contract

IperionX's stock surged by 21.05% in pre-market trading on June 5, 2025, marking a significant rise in investor interest and confidence in the company's future prospects.

IperionX has secured a substantial $99 million contract from the U.S. Department of Defense (DoD) for the research and development of titanium components. This contract, awarded through a competitive bidding process, underscores IperionX's expertise and capability in delivering critical defense supply chains. The project is expected to be completed by June 4, 2030, and will focus on developing low-cost titanium components, which are essential for various defense applications.

The contract highlights IperionX's strategic importance in the defense sector, as it works closely with U.S. DoD agencies to provide strategic titanium components. This collaboration not only strengthens IperionX's position in the market but also ensures the reshoring of critical defense supply chains, enhancing national security and reducing reliance on foreign suppliers.