IperionX responds to Spruce Point short seller report

IperionX (IPX) notes the short seller report released by Spruce Point Capital Management. The company said, “Consistent with recommended disclosures on short-selling campaigns under ASIC’s guidance in Information Sheet 255, IperionX’s response is focused on material, verifiable facts relevant to investors and continuous disclosure obligations. IperionX maintains confidentiality, data-security and intellectual-property controls that meet the stringent contracting requirements of the U.S. Department of War. IperionX remains focused on executing the commercial scale-up of titanium production and manufacturing in Virginia.Spruce Point Capital did not engage with IperionX management at any time before releasing its short seller report, and the Company has no record of any attempted outreach by phone or email. Spruce Point Capital has never visited, or requested to visit, IperionX’s titanium manufacturing operations in Virginia. IperionX will continue to update the market as required in accordance with ASIC, ASX and SEC obligations.”