Iperionx - IPX STOCK NEWS

IperionX has agreed to an order with Lockheed Martin for the delivery of titanium plate components. The components will be manufactured using IperionX's U.S. manufactured titanium, which has the potential to provide a lower cost and more sustainable U.S. domestic supply chain. Lockheed Martin will perform an initial evaluation of the material quality and mechanical performance of IperionX's titanium plate material. IperionX's advanced titanium production technologies use less energy, lower costs, and produce zero Scope 1 and 2 emissions.

IperionX (NASDAQ: IPX, ASX: IPX) has secured all permits to build the world's largest 100% recycled titanium powder plant in Virginia, U.S.A. The facility, with a production capacity of 1,125 tpa, is expected to have low carbon intensity and strong forecast economics. Construction is set to begin in Q3 2023, with first titanium production targeted for Q1 2024.

IperionX and Aperam Recycling partner to create a 100% recycled titanium supply chain, aiming for a more sustainable and circular approach. ELG will supply clean titanium scrap metal, while IperionX will use its patented titanium processing technologies to produce low-carbon titanium metal.

IperionX has agreed to supply titanium metal components to Ford using its unique 100% recycled, low-carbon titanium. The components will be used in future Ford Performance production vehicles. Ford aims to be the only manufacturer competing in various racing events with their high-performance cars. This partnership will contribute to Ford's commitment to achieve carbon neutrality by 2050.

IperionX has completed final engineering for its 125 tpa Titanium Demonstration Facility (TDF) in Virginia, with first titanium powder production expected in Q1 2024. Following this, a Titanium Commercial Facility (TCF-1) expansion is planned for 2025, increasing capacity to 1,125 tpa. This expansion aims to reduce the titanium cost significantly, projecting cash costs of ~US$42/kg compared to market rates around ~US$200/kg. The TCF-1 is anticipated to generate ~US$100 million EBITDA by 2026. IperionX is in advanced discussions for titanium supply with various industries, positioning itself as a leading supplier of recycled titanium with low carbon emissions.

IperionX Limited has released a life cycle assessment (LCA) affirming the viability of its patented low carbon titanium metal powder production using 100% recycled materials. The assessment reveals a potential carbon footprint of just 7.8 kg CO2e per kg of titanium powder from its planned facility in Virginia, significantly lower than that of traditional titanium production methods. This positions IperionX's technology as the most sustainable option in the market. Conducted by EarthShift Global, the LCA adheres to ISO standards and highlights IperionX's leadership in the industry by providing a commercially viable circular titanium supply chain. This development is expected to attract interest from sectors eager for low carbon, cost-effective titanium solutions.

IperionX Limited (Nasdaq | ASX: IPX) announces the release of a presentation highlighting the critical role of titanium in the rapidly growing green hydrogen market. Green hydrogen production is projected to increase by over 1,000 times by 2030, driven by clean energy demands and substantial government incentives, including $370 billion from the Inflation Reduction Act. The 'Green Hydrogen Market Assessment' presentation emphasizes the urgent need for new titanium production capacity, as the demand from green hydrogen could match the current global titanium market by 2040. IperionX is advancing discussions with international clients for low carbon titanium production and plans to build a larger Titanium Demonstration Facility in Virginia to meet growing sustainable titanium needs.