Iperionx Stock Price, News & Analysis

IperionX has successfully completed the acquisition of Blacksand Technology's intellectual property portfolio, securing exclusive commercial rights to breakthrough titanium technologies. The acquired technologies include Green Rutile (GR), Alkaline Roasting and Hydrolysis (ARH), Hydrogen Assisted Metallothermic Reduction (HAMR), and Hydrogen Sintering and Phase Transformation (HSPT). These technologies offer advantages over traditional Kroll process, including lower energy consumption, reduced capital intensity, faster production cycles, and higher yields. IperionX is scaling these technologies at its Titanium Manufacturing Campus in Virginia, where it successfully commissioned the HAMR furnace in August 2024.

IperionX (NASDAQ: IPX, ASX: IPX) has successfully commissioned its Hydrogen Assisted Metallothermic Reduction (HAMRTM) furnace at its Titanium Manufacturing Campus in Virginia, U.S.A. This milestone marks a 60x increase in titanium production capacity. The first production run, using 100% scrap titanium, achieved oxygen reduction from 3.42% to below 0.07%, exceeding ASTM standards for Grade 5 titanium. IperionX's proprietary HAMR technology offers advantages including lower operating temperatures, reduced energy consumption, and accelerated production cycles. The company expects full system operations by late Q4 2024 and aims to become a leading U.S. titanium producer with a capacity of +10,000 metric tons per annum by 2030.

IperionX and Aperam Recycling, through ELG Utica Alloys, have partnered to advance a fully circular, sustainable titanium supply chain. This agreement will leverage IperionX's patented titanium technologies to upcycle up to 12 metric tons of titanium scrap from the consumer electronics sector into high-performance titanium products. Initially, IperionX will convert 1 metric ton of titanium scrap into high-grade titanium powder and manufacture various products, including near-net shapes, plates, rods, and wires. Aperam, a global leader in stainless, electrical and specialty steel and recycling, processes over 1 million tons of metal annually. This innovative 'end-to-end' solution aims to address long-distance sourcing and traceability issues while reducing carbon emissions and supporting a circular economy.

IperionX and Vegas Fastener Manufacturing, have partnered to develop and manufacture titanium alloy fasteners and precision components for the U.S. Army Ground Vehicle Systems Center. Vegas Fastener is a global leader in high-performance fasteners and custom machined components. The partnership will focus on creating fasteners for critical sectors such as aerospace, naval, oil & gas, power generation, and chemical industries, catering to the growing demand for lightweight and high-performance fastener products. The global market for industrial fasteners is valued at ~US$95 billion and is projected to grow at nearly 5% annually from 2024 to 2030.