IperionX has reported progress in its titanium operations, with manufacturing activity increasing during the March 2026 quarter as its Virginia facility transitioned to continuous production and scaled product development.
In its quarterly report, IperionX Limited said its Virginia operations moved to a 24/7 schedule, marking a shift from commissioning into ongoing production. The company reported that all HAMR titanium powder systems have been commissioned and are now in ramp-up, targeting a run-rate production of about 200 tonnes per annum by the end of calendar year 2026.
Titanium powder output increased during the quarter, reaching about 4.2 metric tonnes in March, equivalent to roughly 50 tonnes per annum on an annualised basis.
IperionX said this reflects an early-stage ramp rate, with throughput expected to increase as production shifts toward higher-volume powders and powder-to-part manufacturing.
The company also reported continued progress in titanium product manufacturing, including the scale-up of powder metallurgy processes and optimisation of equipment such as a 100-ton uniaxial press. Additional systems, including a cold isostatic press for larger components and a six-axis 300-ton SACMI press, were installed or advanced during the period, with further commissioning planned for the June quarter.
IperionX said additional HSPT sintering furnaces are scheduled to come online, which are expected to ease current production constraints and support customer qualification timelines.
The company also expanded its additive manufacturing capabilities through additional binder jet systems.
Customer-related activity during the quarter remained focused on prototype production, qualification testing and low-rate initial production across sectors including defence, automotive and consumer electronics.
The company said this aligns with its staged commercialisation strategy, which prioritises higher-value engineered titanium products.
Engagement with aerospace and defence customers increased during the period, supported by supply chain considerations and a broader push toward domestic U.S. manufacturing. IperionX said it is also progressing qualification work for spherical titanium powders for additive manufacturing applications in consumer electronics.
The company noted that customer receipts are at an early stage of commercial adoption and are expected to grow as qualification milestones are achieved and additional capacity is commissioned, subject to program timing.
Separately, IperionX reported continued progress on U.S. Government-supported initiatives, including a 1,400-tonne-per-annum titanium expansion program backed by a US$47.1 million Industrial Base Analysis and Sustainment award. The company also cited ongoing support through contracts and the transfer of titanium scrap feedstock.
Development work on the Titan Critical Minerals Project also advanced during the quarter, with a definitive feasibility study targeted for completion in mid-2026.
IperionX ended the period with US$48.2 million in cash and reported additional committed U.S. Government funding that remains subject to reimbursement processes.
Based on current plans, the company expects to close the 2026 financial year with cash in the range of US$36 million to US$40 million.
The content of this article is based on information supplied by IperionX Limited. For more information, please refer to the official company announcement and communications from IperionX. Please consult a licensed and/or registered professional in this area before making any decisions based on the content of this article.
