Iperionx - IPX STOCK NEWS

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.

IperionX Limited (NASDAQ: IPX), a sustainable titanium technologies provider, has signed a non-binding memorandum of understanding (MOU) with SLM Solutions, a leading metal additive manufacturing company. This agreement aims at supplying spherical titanium metal powders sourced from IperionX’s planned Titanium Demonstration Facility in Virginia. The collaboration could enable the first 100% recycled titanium metal powders for SLM’s global customer base. IperionX's patented process utilizes recycled titanium feedstocks, significantly reducing the carbon footprint. The partnership highlights the growing demand for low-carbon, traceable titanium in industries such as aerospace and automotive.

IperionX Limited (NASDAQ: IPX, ASX: IPX) has appointed Harold Sears as Additive Manufacturing Senior Advisor, enhancing its capability in producing low-cost, low-carbon titanium metal powders for advanced industries. Mr. Sears brings over 32 years of experience, including a significant tenure at Ford Motor Company. His expertise will guide IperionX in scaling its additive manufacturing capabilities, catering to sectors such as automotive and defense. IperionX's patented technology transforms recycled titanium into sustainable products, supporting its mission to lead in low-carbon titanium solutions.

IperionX (NASDAQ: IPX, ASX: IPX) has partnered with Carver Pump to manufacture titanium pump components for the U.S. Navy. This collaboration aims to leverage IperionX's patented titanium technologies to recycle domestic titanium scrap, enhancing supply chain stability and reducing costs associated with titanium casting, which has been plagued by foreign dependency and long lead times. The Governor of Virginia and the U.S. Navy support this initiative to re-shore the titanium supply chain, which is vital for U.S. defense capabilities. IperionX's planned facility in South Boston, VA, will enhance its proximity to major Navy operations.

IperionX Limited (NASDAQ: IPX, ASX: IPX) has won the U.S. Air Force Research Laboratory Grand Challenge, a competition aimed at identifying promising technologies for titanium metal powder production. This victory validates IperionX’s patented methods for producing low-carbon titanium powders from recycled scrap materials, enhancing the potential for additive manufacturing in defense applications. The company is poised to receive a contract worth up to $500,000 across four phases, currently completing Phases 2 to 4 at its Titanium Pilot Facility in Utah. This win underscores IperionX’s technological edge in the circular economy of titanium.