IperionX granted $150M in tax-exempt private activity bond issuance capacity

IperionX (IPX) has received a reservation of up to $150 million in tax-exempt private activity bond capacity from the Commonwealth of Virginia’s industrial development bond program. Highlights: Exclusive $150 million PAB reservation: Reservation of up to $150 million of tax-exempt PAB capacity, exclusively for IperionX. Non-dilutive financing option for accelerated growth: Offers a potential low-cost, non-dilutive capital source to fund expansions beyond the current Phase II titanium expansion program, which is underpinned by $42.1 million from the US Department of Defense and is entirely independent of any future PAB issuance. Increases funding optionality: Over the rest of 2025, IperionX will complete due diligence on pricing, tenor and bond terms in order to determine if tax-exempt PABs provide the optimal funding route prior to any debt issuance. Reservation of PAB capacity does not obligate IperionX to issue PABs. Any potential future issue of PABs remains subject to the agreement and execution of binding documentation.