Funds will be applied to the scale-up of production to 1,400 tpa at IperionX's Titanium Manufacturing Campus in Virginia, with planning, design and long lead time activities underway
The U.S. Government has also transferred ~290 metric tons (320 short tons) of high-quality titanium scrap metal to IperionX for no cost, which is ~1.5 years' worth of titanium feedstock at current full operating capacity
The final IBAS funding and provision of titanium scrap affirms the commitment of the U.S. Government to establish and expand a resilient, fully integrated, and low-cost titanium supply chain for the U.S. defense industrial base
CHARLOTTE, N.C., Jan. 16, 2026 (GLOBE NEWSWIRE) -- IperionX Limited (IperionX) (NASDAQ:IPX, ASX: IPX)) announces that the U.S. Department of War (DoW) through its Industrial Base Analysis and Sustainment (IBAS) program, has obligated the final US$4.6 million under IperionX's previously awarded US$47.1 million award. The funds will be applied to the scale-up of titanium production and advanced manufacturing capacity at IperionX ‘s Titanium Manufacturing Campus, enabling output of up to 1,400 metric tons per year (tpa).
Additionally, the U.S. Government has transferred ~290 metric tons (320 short tons) or high-quality titanium alloy (Ti64) scrap metal to IperionX for no cost, which is material that is surplus to its needs. The scrap metal is equivalent to approximately 1.5 years' worth of IperionX's titanium feedstocks at the existing full operating capacity of 200 metric tons per year. IperionX currently holds ~90 metric tons of titanium scrap metal in inventory at its facility, exclusive of the 290 metric ...
