Iperionx Limited (AU:IPX) has released an update.
IperionX Limited reported a productive quarter ending June 30, 2024, with significant advancements in their Virginia Titanium Manufacturing Campus, including the upcoming commissioning of the HAMR furnace and completion of major construction works. The company has formed strategic partnerships to develop titanium products for various sectors, including consumer electronics recycling with Aperam, titanium fasteners for the U.S. Army with Vegas Fastener, and industrial components for defense and advanced technology with United Stars. Additionally, IperionX secured A$50 million in funding to expand its titanium manufacturing capacity and has received interest from government and private entities for its innovative ‘Green RutileTM’ technology and critical minerals project.
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