Iperionx Ltd. ADR (IPX) has released an update.
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IperionX Limited has successfully raised A$50 million through a share placement to expand its titanium manufacturing capacity in the U.S. The funds will enable the acquisition of new equipment, and the scaling of production to around 2,000 metric tons annually. The placement involved issuing new shares at a discount, with significant participation from company directors pending shareholder approval.
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