IperionX Accelerates U.S. Titanium Buildout to Deliver Largest Scale and Lowest Unit-Cost Production

Rhea-AI Summary

IperionX (NASDAQ: IPX) has announced significant expansion plans for its U.S. titanium production capabilities. The company has achieved a 60% increase in titanium powder capacity to 200 metric tons per year, while reducing projected unit costs to ~US$55/kg from US$75/kg. IperionX plans a major expansion by mid-2027 to reach 1,400 tons per year capacity, positioning it to become America's largest and most cost-effective titanium powder producer.

The expansion, backed by a US$47.1 million Department of Defense award, requires ~US$75 million in capital and will be funded through existing cash reserves of $101 million and potential DoD SBIR Phase III task orders. The company aims to achieve cost competitiveness with stainless steel and aluminum, targeting global leadership in advanced manufacturing of high-performance titanium components of +10,000 tons per year by 2030.

Positive

• 60% increase in titanium powder production capacity to 200 metric tons per year with no additional capex
• Significant unit cost reduction to ~US$55/kg from US$75/kg at full utilization
• Secured US$47.1M DoD funding for expansion
• Strong cash position of $101M to support growth
• Projected positive EBITDA by year-end 2026
• Planned expansion to 1,400 tpa by mid-2027, targeting further cost reduction to ~US$29/kg

Negative

• Significant capital expenditure of ~US$75M required for expansion
• Positive EBITDA not expected until end of 2026
• Reliance on prospective DoD SBIR Phase III task orders for funding

CHARLOTTE, N.C., Sept. 02, 2025 (GLOBE NEWSWIRE) -- IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX), is pleased to release its plans to accelerate U.S. titanium buildout and deliver the largest scale and lowest unit-cost production:

Commercial scalability validated by higher titanium production capacity and lower unit costs

• Nameplate titanium powder capacity increased by 60% to 200 metric tons per year (tpa), driven by operational and technology process improvements with no additional capex
• Projected titanium powder unit costs fall to ~US$55/kg at full utilization (from prior estimate of US$75/kg)
• Structured process innovation and improvement program in execution, targeting additional titanium capacity in 2026
• Titanium manufacturing sales expected to scale progressively, with a positive EBITDA inflection point by year- end 2026
• The successful commissioning and increased capacity confirm the scalability of the HAMR^TM and HSPT^TM technologies to industrial scale, providing a platform to revolutionize the titanium industry
  
  

U.S. DoD backed expansion by mid-2027 has commenced, to become the largest volume & lowest cost U.S. producer

• Accelerated 7x expansion in titanium production capacity to 1,400 tpa, positioning IperionX to be the largest volume and lowest-cost American titanium powder producer, targeting titanium powder unit cost of ~US$29/kg at full utilization
• Low-capital intensity, with expansion capital of ~US$75m, including contingency, funded by U.S. DoD award of US$47.1m, existing cash of $101mⁱ, and prospective DoD SBIR Phase III task orders of $99m
• Parallel rapid scaling of advanced titanium manufacturing capacity - powder metallurgy, forging, and additive systems to deliver integrated titanium supply chain capabilities
  
  

Accelerated growth targets global market and cost leadership in high-performance titanium components

• Roadmap to scale titanium capacity in high-performance titanium components, targeting cost competitiveness with stainless steel and aluminum
• IperionX aims for global leadership in advanced manufacturing of high-performance titanium components of +10,000 tpa by 2030
• Technology-driven cost advantage – the patented titanium HAMR and HSPT technologies significantly increase manufacturing yields, while cutting process steps, energy and capex intensity, for long-term cost advantage
• Scale resets the titanium cost curve – the modular process technologies scale efficiently to deliver unit-cost leadership and push the titanium cost curve structurally lower
  
  

Anastasios (Taso) Arima, IperionX CEO said:

“Our technology and process improvements at our Virginia Titanium Manufacturing Campus have lifted nameplate titanium powder capacity to 200 tpa - and laid the groundwork for a seven-fold scale-up in titanium production to 1,400 tpa in 2027. In parallel, we’re rapidly scaling our powder metallurgy, HSPT forging and additive systems to manufacture high-performance American-made titanium components.

With a leading patented technology portfolio, we’re engineering a step-change reduction in the cost of manufacturing titanium components and building a fully integrated U.S. titanium supply chain that can serve our defense, aerospace, automotive and consumer electronics customers.”

About IperionX

IperionX is a leading American titanium metal and critical materials company – using patented metal technologies to produce high performance titanium alloys, from titanium minerals or scrap titanium, at lower energy, cost and carbon emissions.

Our Titan critical minerals project is the largest JORC-compliant mineral resource of titanium, rare earth and zircon minerals sands in the United States.

IperionX’s titanium metal and critical minerals are essential for advanced U.S. industries including space, aerospace, defense, consumer electronics, hydrogen, automotive and additive manufacturing.

The full release can be found here.

Contacts

Anastasios (Taso) Arima, Founder and CEO
Toby Symonds, President
Dominic Allen, Chief Commercial Officer

Investors: investorrelations@iperionx.com
Media: media@iperionx.com

+1 980 237 8900
www.iperionx.com

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ⁱ Pro-forma June 30, 2025 cash balance + July 22, 2025 capital raise

FAQ

What is IperionX's new titanium powder production capacity target for 2027?

IperionX plans to expand its titanium powder production capacity to 1,400 metric tons per year by mid-2027, representing a 7x increase from current levels.

How much funding did IperionX receive from the U.S. Department of Defense?

IperionX received a US$47.1 million award from the U.S. Department of Defense to support its titanium production expansion.

What is IperionX's projected titanium powder unit cost at full utilization?

IperionX projects titanium powder unit costs of ~US$55/kg at current capacity, with a target of ~US$29/kg after the planned expansion to 1,400 tpa.

What is IperionX's long-term production goal for 2030?

IperionX aims to achieve +10,000 tons per year capacity in high-performance titanium components by 2030, targeting global market leadership.

How is IperionX funding its titanium production expansion?

The expansion is funded through a US$47.1M DoD award, existing cash reserves of $101M, and potential DoD SBIR Phase III task orders of $99M.