IperionX has received the final USD 4.6 million tranche of US government funding to support the scale-up of titanium manufacturing at its Virginia facility, alongside a transfer of titanium scrap intended to strengthen local manufacturing capacity for the defence industrial base.
The company said the funding, provided through the US Department of War’s Industrial Base Analysis and Sustainment (IBAS) program, will be applied to expanding production at its Titanium Manufacturing Campus in Virginia, with work underway to support output of up to 1,400 metric tonnes per year.
In a statement, IperionX said the final obligation completes a previously announced USD 47.1 million award from the Department of War, with earlier tranches totalling USD 42.5 million supporting long-lead manufacturing equipment and advancing the Titan Critical Minerals Project in Tennessee to shovel-ready status.
Alongside the funding, the US government has transferred around 290 metric tonnes of high-quality titanium alloy scrap metal to IperionX at no cost.
The company said the material, which is surplus to government requirements, represents approximately 1.5 years of titanium feedstock at IperionX’s current full operating capacity of 200 metric tonnes per year.
IperionX said it currently holds about 90 metric tonnes of titanium scrap inventory at its facility, excluding the newly transferred material.
According to the company, the IBAS program is intended to “reinforce US defense supply chains by fostering a resilient, low-cost titanium platform,” reducing reliance on imports and supporting a secure domestic manufacturing source of critical materials.
IperionX said the final funding obligation and provision of scrap metal “affirms the commitment of the US Government to establish and expand a resilient, fully integrated titanium supply chain” to support defence manufacturing needs.
The company confirmed that all Department of War funding obligations under the award have now been received, and said planning, design and long-lead activities for the manufacturing scale-up are underway.
