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Iperionx Limited ( (AU:IPX) ) has shared an announcement.
IperionX Limited has received the final US$4.6 million tranche of a US$47.1 million award from the U.S. Department of War’s Industrial Base Analysis and Sustainment program, funding the scale-up of titanium production and advanced manufacturing at its Virginia Titanium Manufacturing Campus to a planned capacity of 1,400 metric tons per year. In a further boost to its supply chain position, the U.S. Government has also transferred about 290 metric tons of high-quality Ti64 titanium scrap to the company at no cost—equivalent to roughly 1.5 years of feedstock at current full operating capacity—underscoring federal efforts to build a resilient, low-cost domestic titanium platform and reducing IperionX’s reliance on imported material while supporting its role in the U.S. defense industrial base.
The most recent analyst rating on (AU:IPX) stock is a Hold with a A$7.50 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 U.S.-focused titanium metal and critical materials company that uses patented technologies to produce high-performance titanium alloys from both minerals and scrap at lower energy use, cost and carbon emissions. Its Titan critical minerals project in Tennessee is the largest JORC-compliant resource of titanium, rare earth and zircon mineral sands in the United States, supplying materials for advanced industries including space, aerospace, defense, consumer electronics, fasteners, automotive and additive manufacturing.
Average Trading Volume: 1,320,209
Technical Sentiment Signal: Buy
Current Market Cap: A$2.41B
Find detailed analytics on IPX stock on TipRanks’ Stock Analysis page.