Welcome to our dedicated page for Iperionx news (Ticker: IPX), a resource for investors and traders seeking the latest updates and insights on Iperionx stock.
IperionX Limited (symbol: IPX) is a forward-thinking company committed to the development of low-carbon and sustainable supply chains for critical materials. Catering to advanced industries such as space, aerospace, electric vehicles, and 3D printing, IperionX is at the forefront of technological innovation with its pioneering titanium technologies. These breakthrough methods have shown the ability to produce titanium products that are not only 100% recyclable but also boast a significantly lower carbon footprint.
The company operates a pilot facility in Utah, where it produces titanium metal powders from titanium scrap, showcasing its commitment to sustainable practices. IperionX also holds a 100% interest in the Titan Project, a vast area encompassing over 11,000 acres in Tennessee, laden with critical minerals including titanium, rare earth elements, silica sand, and zircon.
In recent developments, IperionX has made notable strides in its operations and projects, positioning itself as a key player in the critical materials supply chain. By focusing on the production of sustainable and recyclable titanium products, the company is poised to meet the increasing demand in advanced technological sectors while adhering to environmental sustainability standards.
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IperionX Limited (NASDAQ: IPX, ASX: IPX) has released a letter to shareholders from CEO Anastasios Arima, outlining significant achievements in 2023 and plans for 2024. The company aims to reach a 'Bessemer Moment' with the commissioning of its first commercial titanium production facility using innovative technologies. Key accomplishments in 2023 include building a titanium metal commercial facility in Virginia, breakthrough large-scale commercial test runs of the HAMR process, advancing the Industrial Pilot Facility in Utah, engaging with global leaders, winning government contracts and industry awards, and securing permits for the Titan Critical Minerals Project in Tennessee. The company also raised significant investment capital for commercialization. In 2024, IperionX plans to launch commercial operations, commence production at the 1092 Building, expand partnerships, and advance the Titan Project.
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IperionX Limited (IPX) Releases 2023 Sustainability Report
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IperionX Limited (NASDAQ: IPX, ASX: IPX) has completed a placement to existing institutional investors, raising approximately US$16.7 million before costs. The placement was led by existing shareholders, including B Riley Principal Investments, Fidelity International, Inherent Group, and a major asset manager. The funding will support IperionX's plans to re-shore U.S. titanium production, scale patented titanium technologies, advance the Titan Critical Mineral Project, and for general corporate purposes.
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IperionX has been awarded a $12.7 million funding contract by the U.S. Department of Defense (DoD) under the Defense Production Act (DPA) Title III authorities. The funding aims to address U.S. titanium supply chain vulnerabilities and accelerate the re-shoring of domestic titanium production. IperionX plans to build a titanium production facility in Virginia, with first production expected in 2024. The DoD grant will be matched by IperionX, bringing the total funding to approximately $25 million.
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IperionX receives Letter of Interest from EXIM Bank for $11.5 million in equipment finance for Titanium Production Facility
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IperionX releases updated corporate presentation on breakthrough titanium technologies.
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IperionX partners with GKN Aerospace to deliver titanium plate test components using advanced titanium technologies. Collaboration focuses on manufacturing high-performance titanium plate for testing. IperionX aims to re-shore titanium production in the US for sustainability and cost-efficiency.
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IperionX signs Test Services Agreement with U.S. Army; focuses on metal characterization and ballistic testing of high-strength titanium plate components. Aims to re-shore titanium supply chain to the U.S. and reduce reliance on imports. Positive impact on stock price expected.
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IperionX and Heroux-Devtek sign agreement for 100% recycled titanium supply chain, positively impacting sustainability in the aerospace industry.
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The Titan Critical Minerals Project in Tennessee is fully permitted for development and operations, offering a domestic source of critical titanium, zirconium, and rare earth minerals, reducing reliance on imports. Feasibility metallurgical test work confirms high recoveries of valuable minerals. Multiple strategic partners are conducting due diligence for sales offtake agreements. Government funding opportunities are available to support the project's development.
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FAQ
What is the current stock price of Iperionx (IPX)?
The current stock price of Iperionx (IPX) is $27.97 as of February 21, 2025.
What is the market cap of Iperionx (IPX)?
The market cap of Iperionx (IPX) is approximately 857.3M.
What does IperionX Limited specialize in?
IperionX Limited specializes in developing low-carbon, sustainable supply chains for critical materials, focusing on industries like space, aerospace, electric vehicles, and 3D printing.
Where is IperionX's pilot facility located?
IperionX's pilot facility is located in Utah, where they produce titanium metal powders from titanium scrap.
What is the Titan Project?
The Titan Project is IperionX's 11,000-acre area in Tennessee, which includes critical minerals such as titanium, rare earth elements, silica sand, and zircon.
What makes IperionX's titanium technologies unique?
IperionX's titanium technologies are unique because they produce titanium products that are 100% recyclable and have a low carbon intensity.
Which industries benefit from IperionX's products?
Industries such as space, aerospace, electric vehicles, and 3D printing benefit from IperionX's sustainable titanium products.
How does IperionX contribute to sustainability?
IperionX contributes to sustainability by producing titanium products that are fully recyclable and have a low carbon footprint, aligning with environmental sustainability standards.
What are the recent achievements of IperionX?
IperionX has made significant advancements in its titanium technologies and has successfully produced titanium metal powders from scrap at its Utah facility.
Does IperionX have any partnerships?
While specific partnerships are not mentioned, IperionX collaborates closely with various advanced industries to provide sustainable critical materials.
What type of products does IperionX produce?
IperionX produces titanium metal powders and other titanium-based materials that are essential for advanced technological applications.
What is the significance of IperionX's work in the context of global sustainability?
IperionX's work is significant as it provides a sustainable and low-carbon solution for producing critical materials, which is essential for reducing the environmental impact of advanced technological industries.
Iperionx
Nasdaq:IPX
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857.33M
29.27M
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Other Industrial Metals & Mining
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United States
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