Iperionx Ltd. ADR (IPX) has released an update.
IperionX Limited has released its interim financial report for the six months ending December 31, 2023, highlighting its ambition to become a leading American producer of titanium alloys and critical minerals. The company aims to establish an ‘end-to-end’ titanium supply chain in the U.S., leveraging patented technologies to produce high-performance titanium products with zero Scope 1 and 2 emissions, while also developing the Titan Project, one of the largest titanium and rare earth mineral resources in the country. IperionX is currently producing titanium products from scrap at its Utah facility and is constructing a larger production site in Virginia, with production expected to commence in mid-2024.
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