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IperionX Receives a Further $25M in U.S. Government Funding to Accelerate Titanium Production Scale-Up

1. IperionX receives $25 million to scale titanium production. 2. Total DoW obligations now reach $42.5 million. 3. Funding enhances U.S. defense supply chain for titanium. 4. Production capacity increased to 1,400 metric tons per year. 5. IperionX's technology reduces reliance on imported materials.

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FAQ

Why Bullish?

The substantial funding from the U.S. Department of War indicates strong government support, historically linked to stock price increases in defense-related companies when they secure major contracts. The anticipation of higher production capacities could drive investor confidence.

How important is it?

The funding is highly relevant as it directly relates to IperionX's operational capabilities and growth potential. It supports a strategic industry critical to national security, enhancing investor outlook towards the stock.

Why Short Term?

The immediate financial impact from the new funding is likely to manifest in the coming quarters as production increases, similar to past cases where production scale-ups led to rapid stock price appreciation.

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U.S. Department of War, through its Industrial Base Analysis and Sustainment program, has obligated an additional US$25 million under IperionX’s previously announced US$47.1 million awardIBAS funding supports the build-out of a resilient, fully integrated, and low-cost titanium supply chain - from minerals to metal - strengthening the U.S. defense industrial baseFunds will be applied to the scale-up of production to 1,400 tpa at IperionX’s Titanium Manufacturing Campus in VirginiaThe $25.0 million obligation, along with the prior US$12.5 million and US$5.0 million, takes total obligations to US$42.5 million, with the remaining US$4.6 million expected to be obligated over the contract term CHARLOTTE, N.C., Sept. 26, 2025 (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 an additional US$25 million under IperionX’s previously awarded US$47.1 million award. The additional obligation 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). The IBAS program is designed to reinforce U.S. defense supply chains by fostering a resilient, low-cost, mineral-to-metal titanium platform that reduces reliance on imports and establishes a secure uninterruptible domestic source of critical materials. This latest obligation follows prior tranches of US$12.5 million and US$5 million, which funded long-lead items for titanium manufacturing equipment and to advance the Titan Critical Minerals Project in Tennessee to shovel-ready status. Total obligations now stand at US$42.5 million, with the remaining US$4.6 million expected to be obligated by the DoW over the contract term.  About IperionX IperionX is a leading American titanium metal and critical materials company – using patented metal technologies to produce high performance titanium alloys, from titanium minerals or scrap titanium, at lower energy, cost and carbon emissions. Our Titan critical minerals project is the largest JORC-compliant mineral resource of titanium, rare earth and zircon minerals sands in the United States. IperionX’s titanium metal and critical minerals are essential for advanced U.S. industries including space, aerospace, defense, consumer electronics, hydrogen, automotive and additive manufacturing. Contacts Anastasios (Taso) Arima, Founder and CEOToby Symonds, PresidentDominic Allen, Chief Commercial Officer Investors: investorrelations@iperionx.comMedia: media@iperionx.com +1 980 237 8900www.iperionx.com

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