Iperionx Ltd. ADR (IPX) has released an update.
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IperionX Limited has secured a 45-month sourcing contract with Ford Motor Company, starting in 2025, to supply titanium metal powder and manufactured components, with projected revenues of approximately US$11 million. The actual earnings and schedule are subject to Ford’s production volumes and delivery timing, as well as potential design changes before production starts. IperionX is committed to becoming a leading supplier of titanium alloys and critical materials for key American industries, leveraging patented technologies for more efficient and eco-friendly production.
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