Tag: titanium manufacturing

IperionX Limited has secured an additional USD 25 million from the US Department of War through its Industrial Base Analysis and Sustainment (IBAS) program to support the expansion of titanium production in Virginia. 

IperionX Limited has received USD 12.5 million in new funding from the US Department of Defence (DoD) to accelerate the scale-up of titanium manufacturing capacity in the United States, as part of its previously announced USD 47.1 million award to strengthen the Defence Industrial Base.

IperionX Limited has secured A$70 million (approximately USD46 million) in new funding through a placement of 14 million new fully paid ordinary shares at A$5.00 per share, aimed at accelerating the company’s US titanium production expansion.

IperionX Limited has secured approval from the Board of Directors of the Export-Import Bank of the United States (EXIM Bank) for an equipment finance loan of $11 million. 

IperionX Limited has secured a contract worth up to USD 47.1 million (AUD 74 million) from the US Department of Defence (DoD) to enhance the domestic titanium supply chain.

ASX-listed IperionX has been awarded a $12.7 million grant by the US Department of Defence to help address critical vulnerabilities within the US titanium supply chain, which is of utmost importance for national security.