IperionX To Receive $12.5 Million for Primary Titanium & Components
IperionX Limited will receive $12.5 million from the U.S. Department of Defense (DoD) to accelerate the scale-up of a resilient, low-cost, and fully-integrated U.S. mineral-to-metal titanium supply chain. The project will include scaling up to over 1,000 metric tons per year at the Virgnia Titanium Manufacturing Campus.
The $12.5 million will be applied to purchase orders for long-lead, major capital equipment required for the scale-up. Major incremental capacity categories include titanium deoxygenation, sintering and powder metallurgy consolidation systems; near-net-shape component manufacturing and ancillary infrastructure upgrades.
CEO
IperionX
Source: IperionX
“This new U.S. Government obligation allows IperionX to move immediately to secure long-lead capital equipment and lock in manufacturing slots with key suppliers. It accelerates our imminent Virginia expansion beyond 1,000 tpa of high-performance titanium manufactured products, and advances a fully integrated, low-cost and traceable American titanium supply chain for defense and commercial customers. This commitment from the DoD is a strong endorsement of our technology, our team, and our mission to reshore a resilient titanium production supply chain in the United States,” said Anastasios (Taso) Arima, IperionX CEO.
In response to the strategic need for increased production capacity of domestic primary titanium metal and manufactured titanium metal components, the project scope under the Industrial Base Analysis and Sustainment (IBAS) program has been revised to prioritize accelerated expansion of IperionX’s titanium metal and manufacturing production capacity at IperionX’s Virginia Titanium Manufacturing Campus.
This project is part of a previously announced $47.1 million award to strengthen the U.S. Defense Industrial Base by accelerating the scale-up of a resilient, low-cost, and fully-integrated U.S. mineral-to-metal titanium supply chain.
Press release is available in its original form here.
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