IperionX Secures First U.S. Army Task Order Under US$99 Million SBIR Phase III Contract

Rhea-AI Summary

IperionX has secured its first task order worth US$1.3 million from the U.S. Army under a US$99 million SBIR Phase III IDIQ contract with the Department of Defense. The order involves producing titanium parts for Army ground vehicle programs at IperionX's Virginia Titanium Manufacturing Campus. This initiative aims to strengthen domestic titanium supply chains and reduce foreign dependence. The project, executed under the U.S. Controlled Unclassified Information Program, represents the first of expected future orders under the broader contract, which allows any DoD and U.S. Government agency to procure titanium components directly from IperionX. The company's CEO, Anastasios Arima, emphasized this as a crucial step in reshoring titanium production and establishing a long-term DoD partnership.

Positive

• Secured first US$1.3 million task order from U.S. Army under larger US$99 million contract
• Contract enables direct procurement from any DoD and U.S. Government agency
• Strengthens domestic titanium supply chain and reduces foreign dependence
• Creates high-value manufacturing jobs in the United States
• Potential for additional task orders under the US$99 million contract framework

Negative

• Initial order represents only 1.3% of the total contract potential value
• Execution subject to strict government security and compliance requirements

CHARLOTTE, N.C., June 11, 2025 (GLOBE NEWSWIRE) -- IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to announce that it has received the first task order, valued at US$1.3 million, from the U.S. Army under a Small Business Innovation Research (SBIR) Phase III Indefinite Delivery Indefinite Quantity (IDIQ) contract with the U.S. Department of Defense (DoD).

The task order facilitates the production and delivery of titanium parts for U.S. Army ground vehicle programs. All technical specifications, performance requirements, and delivery schedules are governed under the U.S Controlled Unclassified Information Program (Executive Order 13556), ensuring protection of sensitive defense information.

The U.S. Army task order will be fulfilled at IperionX’s Titanium Manufacturing Campus in Virginia, using proprietary titanium production and advanced forging processes. Manufacturing these critical titanium components in America strengthens supply-chain resilience and reduces reliance on foreign titanium sources, while creating high-value manufacturing jobs in the United States.

The project is the first of further task orders expected under the US$99 million SBIR Phase III contract, which enables any DoD and U.S. Government agency to support production capabilities to procure titanium parts and materials directly from IperionX.

Anastasios (Taso) Arima, IperionX CEO said:

“Securing this first U.S. Army task order is a decisive step toward reshoring the nation’s titanium supply chain. It marks the beginning of a long-term partnership with the Department of Defense that will deliver mission-critical titanium parts and strengthen America’s advanced-materials leadership. We look forward to rapidly scaling with additional task orders under our US$99 million contract.”

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.

A link to 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

FAQ

What is the value of IperionX's first U.S. Army task order under the SBIR Phase III contract?

The first task order is valued at US$1.3 million under the broader US$99 million SBIR Phase III contract.

What will IperionX (IPX) produce under the U.S. Army contract?

IperionX will produce titanium parts for U.S. Army ground vehicle programs at their Titanium Manufacturing Campus in Virginia.

What is the total value of IperionX's SBIR Phase III contract with the Department of Defense?

The total value of the SBIR Phase III IDIQ contract is US$99 million.

Where will IperionX manufacture the titanium components for the U.S. Army?

The components will be manufactured at IperionX's Titanium Manufacturing Campus in Virginia.

Who can order titanium parts from IperionX under the SBIR Phase III contract?

Any Department of Defense and U.S. Government agency can procure titanium parts and materials directly from IperionX under this contract.