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IperionX Secures $150 Million Tax-Exempt Bond Capacity for Expansion

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IperionX Secures $150 Million Tax-Exempt Bond Capacity for Expansion

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An update from Iperionx Limited ( (AU:IPX) ) is now available.

IperionX Limited has been granted a reservation of up to US$150 million in tax-exempt private activity bond capacity by the Commonwealth of Virginia’s industrial development bond program. This reservation provides a potential low-cost, non-dilutive financing option for the company, which could support expansions beyond its current Phase II titanium expansion program. The tax-exempt bonds, which are issued to finance private projects with public benefits, allow IperionX to access capital at lower costs compared to taxable debt. The company will evaluate the terms and conditions of these bonds to determine their suitability for future funding needs, without being obligated to issue them.

The most recent analyst rating on (AU:IPX) stock is a Buy with a A$4.65 price target. To see the full list of analyst forecasts on Iperionx Limited stock, see the AU:IPX Stock Forecast page.

More about Iperionx Limited

IperionX Limited is a leading American company specializing in advanced materials, particularly titanium metal and critical materials. The company employs patented metal technologies to produce high-performance titanium alloys from titanium minerals or scrap titanium, focusing on reducing energy, cost, and carbon emissions. IperionX’s Titan critical minerals project is the largest JORC-compliant mineral resource of titanium, rare earth, and zircon mineral sands in the United States. Their products are essential for advanced U.S. industries including space, aerospace, defense, consumer electronics, hydrogen, automotive, and additive manufacturing.

Average Trading Volume: 1,454,587

Technical Sentiment Signal: Buy

Current Market Cap: A$2.04B

For an in-depth examination of IPX stock, go to TipRanks’ Overview page.

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