- IperionX (IPX, Financial) progresses towards full operational capacity at its Titanium Manufacturing Campus in Virginia by mid-2025.
- The company secures substantial U.S. government funding, totaling $58.1 million, to accelerate titanium supply chain development.
- Strong financial position with $66.1 million in cash as of March 31, 2025, supporting ongoing expansion plans.
IperionX (NASDAQ: IPX), in its March 2025 quarterly report, announced significant advancements at its Titanium Manufacturing Campus located in Virginia. The facility is on track to achieve full operational capacity by mid-2025, with the HAMRâ„¢ furnace successfully producing high-quality titanium surpassing industry standards.
The company has secured substantial government support, including up to $47.1 million from the U.S. Department of Defense and an additional $11.0 million from the U.S. Export-Import Bank. This financial backing reinforces IperionX’s strategic initiatives to solidify the domestic titanium supply chain, which is crucial for various sectors, including defense, automotive, and consumer electronics.
IperionX has established partnerships with eight commercial entities across these vital sectors, facilitating a rapid path-to-market for high-performance titanium components. The company plans to expand its titanium production capacity by the end of 2026, with detailed expansion plans expected to be released by mid-2025.
Moreover, IperionX is undertaking a Definitive Feasibility Study (DFS) for the Titan Critical Minerals Project, the largest critical mineral sands project in the U.S. This study, partially funded by the recent DoD award, is projected to conclude in Q2 2026. As part of its strong financial position, IperionX held $66.1 million in cash as of March 31, 2025.
