Sep. 26 at 3:51 PM
$IPX
"* 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 award
* IBAS 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 base
* Funds will be applied to the scale-up of production to 1,400 tpa at IperionX’s Titanium Manufacturing Campus in Virginia
The
$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."
https://www.globenewswire.com/news-release/2025/09/26/3157005/0/en/IperionX-Receives-a-Further-25M-in-U-S-Government-Funding-to-Accelerate-Titanium-Production-Scale-Up.html