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IperionX Receives Final $4.6M In DoW Funding and 290 Metric Tons of Titanium Scrap from U.S. Government

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U.S. Department of War, through its Industrial Base Analysis and Sustainment program, has obligated ...

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AI Summary

U.S. Department of War allocated final $4.6 million to IperionX. Funds will enhance titanium production to 1,400 metric tons per year. U.S. Government provides 290 metric tons of titanium scrap at no cost. Funding reinforces the U.S. titanium supply chain for defense needs. IperionX holds 90 metric tons of titanium scrap prior to government transfer.

Sentiment Rationale

The additional funding and titanium supply significantly bolster IperionX's production capabilities. Similar funding in the past has led to stock price increases for companies enhancing their operations.

Trading Thesis

The operational ramp-up and secured titanium supply will support sustainable growth over multiple years. Historical trends show long-term contracts and government investments lead to stable revenue streams.

Market-Moving

  • U.S. Department of War allocated final $4.6 million to IperionX.
  • Funds will enhance titanium production to 1,400 metric tons per year.
  • U.S. Government provides 290 metric tons of titanium scrap at no cost.

Key Facts

  • U.S. Department of War allocated final $4.6 million to IperionX.
  • Funds will enhance titanium production to 1,400 metric tons per year.
  • U.S. Government provides 290 metric tons of titanium scrap at no cost.
  • Funding reinforces the U.S. titanium supply chain for defense needs.
  • IperionX holds 90 metric tons of titanium scrap prior to government transfer.

Companies Mentioned

  • N/A (N/A)

Corporate Developments

The government's funding and titanium supply directly support IperionX's core operations and future growth. This development is likely to influence investor perception and confidence.

IperionX Secures Final $4.6 Million in Funding from U.S. Department of War

CHARLOTTE, N.C., Jan. 16, 2026 (GLOBE NEWSWIRE) — IperionX Limited (NASDAQ: IPX, ASX: IPX) has announced that the U.S. Department of War (DoW), through its Industrial Base Analysis and Sustainment (IBAS) program, has obligated a final US$4.6 million under a previously awarded US$47.1 million contract. These funds are intended to expand titanium production capacity to 1,400 metric tons per year (tpa) at IperionX’s Titanium Manufacturing Campus in Virginia.

Significant Material Transfer for Production

In addition to the funding, the U.S. Government has transferred approximately 290 metric tons (320 short tons) of high-quality titanium alloy (Ti64) scrap metal to IperionX at no cost. This material is surplus to government needs and is expected to provide nearly 1.5 years’ worth of titanium feedstock at the company's current full operating capacity of 200 metric tons per year.

Implications for U.S. Defense Supply Chains

The final IBAS funding and the provision of titanium scrap underscore the U.S. government's commitment to establishing a robust and cost-effective domestic titanium supply chain for the defense industrial base. The IBAS program aims to reduce dependence on overseas imports and secure a reliable source of essential materials for U.S. defense.

Funding History and Future Prospects

This latest funding allotment follows earlier tranches totaling US$42.5 million. These funds financed activities including long-lead items for essential titanium manufacturing equipment and advanced the Titan Critical Minerals Project in Tennessee, aiming for shovel-ready status. With all financial obligations met, IperionX is positioned to enhance its production capabilities significantly.

About IperionX

IperionX is a prominent American company specializing in titanium metal and critical materials. Utilizing patented metal technologies, IperionX strives to produce high-performance titanium alloys from both titanium minerals and scrap titanium while minimizing energy consumption, costs, and carbon emissions. The Titan Critical Minerals Project represents the largest JORC-compliant mineral resource of titanium, rare earths, and zircon mineral sands in the U.S., which are vital for sectors such as aerospace, defense, and automotive manufacturing.

Forward-Looking Statements

This release includes forward-looking statements that reflect the company's current expectations. These statements may be identified by terms such as “may,” “will,” “expect,” “anticipate,” and similar phrases. Actual results and performance could differ materially due to various risks such as changes in commodity prices, foreign exchange fluctuations, and other economic conditions. Readers are advised not to place undue reliance on these forward-looking statements, as outcomes may vary significantly.

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