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Iperionx Limited ( (AU:IPX) ) just unveiled an announcement.
IperionX Limited has secured A$70 million (approximately US$46 million) through a placement of 14 million new shares to accelerate the expansion of its titanium production in the U.S. This move aims to meet the growing demand for a reliable domestic source of titanium, particularly for defense and aerospace applications. The funds will allow IperionX to order long-lead capital items, shortening the construction schedule for scaling up production capacity. The company is also working with the U.S. Department of Defense to finalize equipment profiles, potentially unlocking an additional US$42.1 million in funding. This strategic expansion enhances IperionX’s position in the titanium market and supports the reshoring of domestic titanium production capabilities, reducing reliance on imports.
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 titanium metal and critical materials. Utilizing patented metal technologies, the company produces 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 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: 1,432,027
Technical Sentiment Signal: Buy
Current Market Cap: A$1.7B
For an in-depth examination of IPX stock, go to TipRanks’ Overview page.