Research analysts covering IPERIONX.
Recent press releases and 8-K filings for IPX.
IperionX receives prototype purchase order for U.S. Army titanium components
IPX
New Projects/Investments
- IperionX received a US$0.3 million prototype purchase order from American Rheinmetall for the production of 700 lightweight titanium components (titanium track pins) for U.S. Army heavy ground combat systems.
- These components will be manufactured in the United States using 100% recycled titanium feedstock via IperionX’s patented Hydrogen Assisted Metallothermic Reduction (HAMR™) and Hydrogen Sintering and Phase Transformation (HSPT™) technologies.
- The initial purchase order has the potential to lead to a significantly larger agreement upon successful delivery of this initial scope of work, which is expected within 8-9 months.
- This order supports U.S. Government priorities to reshore and secure critical materials supply chains, leveraging IperionX's position as the only domestic U.S. producer of commercial-scale primary titanium metal.
6 days ago
IperionX receives final DoW funding and titanium scrap
IPX
New Projects/Investments
- IperionX received the final US$4.6 million in funding from the U.S. Department of War (DoW), completing a previously announced US$47.1 million award.
- These funds will be used to scale up titanium production to 1,400 metric tons per year at IperionX's Titanium Manufacturing Campus in Virginia.
- The U.S. Government also transferred approximately 290 metric tons of high-quality titanium scrap metal to IperionX at no cost.
- This scrap metal is equivalent to about 1.5 years' worth of IperionX's titanium feedstocks at its existing full operating capacity of 200 metric tons per year.
Jan 16, 2026, 9:05 PM
IperionX and Carver Pump Partner to Accelerate U.S. Navy Component Production
IPX
New Projects/Investments
Product Launch
- IperionX has partnered with Carver Pump Company, a leading U.S. manufacturer of mission-critical pumps for the U.S. Navy, to accelerate the production of critical long lead time titanium components for naval shipbuilding.
- Carver Pump has placed an initial purchase order with IperionX for prototype titanium components.
- IperionX will produce and test cost-competitive casting replacements for pump systems using its low-cost titanium metal powder and integrated in-house manufacturing.
- The project aims to reduce lead times for these titanium components from over 12 months to less than one week, with successful prototyping potentially leading to larger scale production agreements with Carver Pump and the U.S. Navy.
Dec 15, 2025, 1:30 PM
IperionX Transitions to Commercial Production and Advances Key Projects in FY2025
IPX
New Projects/Investments
Product Launch
Board Change
- IperionX transitioned to commercial production of 100% recycled titanium at its Virginia Titanium Manufacturing Campus in fiscal year 2025, utilizing proprietary technologies for lower cost and energy consumption.
- The company's 100% recycled titanium powder has an estimated 90% lower carbon footprint compared to conventional titanium spherical powder, and 100% of its electricity use was supplied through renewable sources in fiscal year 2025.
- IperionX advanced its U.S. Government-funded Titan Project Definitive Feasibility Study in Tennessee, aiming to establish a domestic supply chain for critical minerals including titanium, rare earth, and zircon.
- In fiscal year 2025, IperionX reported zero recordable safety incidents and refined its governance structure by transitioning the Sustainability Committee into the Nominating & Governance Committee with a dedicated Sustainability Sub-Committee.
Nov 20, 2025, 2:17 PM
IperionX Responds to Short Seller Report, Highlights U.S. Government Support and Operational Progress
IPX
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- IperionX Limited responded to a short seller report, emphasizing validation of its patented titanium technologies and significant support from multiple U.S. Government programs, including ARPA-E, DPA Title III, IBAS, and an SBIR Phase III contract.
- The company reported substantial U.S. Department of War (DoW) awards, including US$12.7 million in 2023 for its Virginia facility and US$47.1 million in 2025 under the IBAS program, with additional tranches of US$12.5 million (August 2025) and US$25 million (September 2025) obligated.
- IperionX's Virginia Titanium Manufacturing Campus has completed commissioning, with projected nameplate capacity increased from 125 tpa to 200 tpa, and an IBAS-funded expansion is underway to reach ~1,400 tpa by mid-2027.
- The company has secured multiple commercial agreements, including a Ford program with an expected value of ~US$11 million over 45 months, and reported US$79.2 million in cash and equivalents as of September 30, 2025, with access to additional obligated and funding capacity from U.S. DoW programs.
Nov 17, 2025, 11:01 AM
IperionX Reports Strong Financial Position and Significant Production Expansion with U.S. Government Funding
IPX
New Projects/Investments
Guidance Update
Product Launch
- IperionX reported a strong financial position with US$79.2 million in cash as of September 30, 2025. The company also secured US$46 million (A$70 million) from a private placement in July 2025, bringing pro-forma cash to approximately US$100 million.
- The company has increased its nameplate titanium powder production capacity by 60% from 125 tpa to 200 tpa without additional capital spend. A major expansion is underway to scale titanium capacity to 1,400 tpa by mid-2027, positioning IperionX to be America's largest and lowest-cost titanium powder producer.
- The US$75 million expansion is majority funded by US$42.5 million obligated from a US$47.1 million U.S. Department of War (DoW) award. An additional US$5 million from the DoW has been obligated to expedite the Titan Critical Minerals Project to 'shovel-ready' status by Q2 2026.
- IperionX projects a positive EBITDA inflection point by year-end 2026 , with operating costs for titanium powder projected to be US$29 per kg at full utilization of the 1,400 tpa capacity.
Oct 30, 2025, 8:15 PM
IperionX provides September 2025 Quarterly Report update
IPX
New Projects/Investments
Guidance Update
Earnings
- IperionX's Titanium Manufacturing Campus has all major equipment online, with titanium powder production capacity increased by 60%, and a positive EBITDA inflection point projected by year-end 2026.
- The company is scaling titanium capacity to 1,400 tpa for commissioning by mid-2027, with US$42.5 million of a US$47.1 million U.S. Department of War award already obligated to fund the ~US$75 million expansion.
- As of September 30, 2025, IperionX reported US$79.2 million in cash, with a recent private placement raising US$46 million for accelerated capacity scale-up and R&D, bringing pro-forma cash to approximately US$100 million.
Oct 30, 2025, 12:30 PM
IperionX Transitions to Commercial Titanium Production with Significant U.S. Government Support
IPX
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
- IperionX transitioned to commercial titanium production in FY25, commissioning its Virginia operations and increasing nameplate production capacity to ~200 tpa.
- The company secured substantial U.S. Government funding, including up to US$47.1 million under the DoW IBAS program and a US$99 million task-order ceiling via an SBIR Phase III contract, with US$42.5 million obligated by September 26, 2025, for accelerated scale-up.
- IperionX plans to expand titanium production capacity to ~1,400 tpa by mid-2027, targeting unit costs of ~US$29/kg at full scale, and aims for +10,000 metric tons per annum by 2030.
- At June 30, 2025, IperionX reported US$54.8 million in cash reserves and US$92.4 million in net assets, following equity raises including US$66 million in December 2024 and approximately US$45.7 million in July 2025.
- The company is advancing its Titan Critical Minerals Project, which is the largest JORC-compliant mineral resource of titanium, rare earth, and zircon minerals sands in the U.S., with a Definitive Feasibility Study expected to be complete in Q2 2026.
Sep 30, 2025, 1:14 PM
IperionX Receives Additional U.S. Government Funding for Titanium Production Scale-Up
IPX
New Projects/Investments
- IperionX Limited received an additional US$25 million in funding from the U.S. Department of War (DoW) through its Industrial Base Analysis and Sustainment (IBAS) program on September 26, 2025.
- This new obligation is part of a previously announced US$47.1 million award, bringing the total obligations to US$42.5 million, with an additional US$4.6 million expected over the contract term.
- The funds will be used to scale up titanium production to 1,400 metric tons per year (tpa) at IperionX’s Titanium Manufacturing Campus in Virginia, aiming to strengthen the U.S. defense industrial base by creating a resilient, domestic titanium supply chain.
Sep 26, 2025, 12:39 PM
IperionX Accelerates U.S. Titanium Production Capacity and Lowers Unit Costs
IPX
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- IperionX Limited increased its nameplate titanium powder capacity by 60% to 200 metric tons per year (tpa) due to operational and technology improvements, with projected unit costs falling to ~US$55/kg at full utilization.
- The company commenced an accelerated 7x expansion in titanium production capacity to 1,400 tpa, aiming to be the largest volume and lowest-cost American titanium powder producer with a target unit cost of ~US$29/kg at full utilization.
- This expansion, with a total capital cost of ~US$75 million, is primarily funded by a US$47.1 million U.S. Department of Defense award, $101 million in existing cash, and prospective DoD SBIR Phase III task orders of $99 million.
- IperionX expects titanium manufacturing sales to scale progressively, reaching a positive EBITDA inflection point by year-end 2026.
- The company aims for global leadership in advanced manufacturing of high-performance titanium components, targeting +10,000 tpa by 2030.
Sep 2, 2025, 12:41 PM
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