IperionX Awarded $47.1M by the U.S. DoD to Secure U.S. Titanium Supply Chains
This strategic partnership represents a combined investment of
As part of the initial phase, the DoD has obligated
The remaining
Anastasios (Taso) Arima, IperionX CEO said:
“This award is a pivotal moment in IperionX’s mission to re-shore the
Titanium is a critical material for the aerospace, defense, automotive, space, and consumer industries, but its high cost and reliance on foreign supply chains have limited its broader adoption. IperionX’s Hydrogen-Assisted Metallothermic Reduction (HAMR™) and Hydrogen Sintering and Phase Transformation (HSPT™) technologies provide a pathway to produce low-cost, high-performance titanium.
In 2023, DoD conducted market research to identify “practical alternatives to the current import-dominated supply chain for high-purity titanium sponge and titanium alloy metals.” DoD stated “the ideal solution will domestically mine, process, and refine ore, and recycle scrap titanium” to produce titanium products while providing “clear benefits regarding material quality and cost” and improving “process energy efficiency when compared to current methods (i.e., the Kroll or Hunter processes).”
This effort led DoD to issue a competitive solicitation in 2024, seeking proposals from industry to improve resiliency in the titanium supply chain. The objective of DoD’s solicitation was to “domestically source titanium through innovative processes” to produce titanium to meet
This funding from the DoD’s IBAS program reflects the Trump Administration’s priority to secure domestic critical minerals and metals supply chains and to ensure resilient
IperionX’s mineral-to-metal titanium supply chain will support advanced
About IperionX
IperionX is a leading American titanium metal and critical materials company – using patented metal technologies to produce high performance titanium alloys, from titanium minerals or scrap titanium, at lower energy, cost and carbon emissions.
Our Titan critical minerals project is the largest JORC-compliant mineral resource of titanium, rare earth and zircon minerals sands in
IperionX’s titanium metal and critical minerals are essential for advanced
View source version on businesswire.com: https://www.businesswire.com/news/home/20250218287248/en/
Anastasios (Taso) Arima, Founder and CEO
Toby Symonds, President
Dominic Allen, Chief Commercial Officer
Investors: investorrelations@iperionx.com
Media: media@iperionx.com
+1 980 237 8900
www.iperionx.com
Source: IperionX Limited