IperionX (NASDAQ: IPX) gets $4.6M DoW grant, scrap titanium feedstock boost
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
IperionX Limited reports that the U.S. Department of War, through its IBAS program, has obligated the final US$4.6 million of a previously awarded US$47.1 million package. This funding will support scaling titanium production and advanced manufacturing at the company’s Titanium Manufacturing Campus, with capacity targeted at up to 1,400 metric tons per year.
The U.S. Government has also transferred about 290 metric tons of high-quality titanium alloy scrap to IperionX at no cost, equal to roughly 1.5 years of feedstock at the current full operating capacity of 200 metric tons per year. IperionX already holds about 90 metric tons of titanium scrap in inventory, strengthening its raw material position for key U.S. defense and advanced manufacturing supply chains.
Positive
- Completion of US$47.1M IBAS award: The U.S. Department of War obligated the final US$4.6 million, fully funding IperionX’s previously awarded US$47.1 million package to scale titanium manufacturing and advance its Titan project.
- No-cost titanium scrap supply: Transfer of ~290 metric tons of high-quality Ti64 scrap, plus existing ~90 metric tons of inventory, strengthens feedstock availability without cash outlay.
Negative
- None.
Insights
Non-dilutive U.S. defense funding and free titanium scrap strengthen IperionX’s capacity and feedstock base.
The U.S. Department of War, via the IBAS program, has obligated the final US$4.6 million under IperionX’s total US$47.1 million award. These funds are directed to scaling titanium production and advanced manufacturing at the Titanium Manufacturing Campus, targeting capacity of up to 1,400 metric tons per year. Prior tranches of US$42.5 million supported long-lead equipment and advancing the Titan Critical Minerals Project in Tennessee to shovel-ready status.
In addition to cash, the U.S. Government has transferred about 290 metric tons of Ti64 titanium alloy scrap at no cost, described as roughly 1.5 years of feedstock at IperionX’s existing full operating capacity of 200 metric tons per year. The company also holds about 90 metric tons of titanium scrap in inventory. This combination of funding and material strengthens its role in U.S. efforts to build a resilient, low-cost titanium supply chain and reduce reliance on imports.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
Date: January 16, 2026
Commission File Number: 001-41338
IperionX Limited
(Translation of registrant’s name into English)
129 W Trade Street, Suite 1405
Charlotte, North Carolina
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
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Form 20-F ☒
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Form 40-F ☐
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EXHIBIT INDEX
The following exhibits are filed as part of this Form 6-K:
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Exhibit
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Description
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99.1
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Press Release
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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IPERIONX LIMITED
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(registrant)
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Date: January 16, 2026
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By: /s/ Marcela Castro
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Name: Marcela Castro
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Title: Chief Financial Officer
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Exhibit 99.1
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PRESS RELEASE | NASDAQ: IPX | ASX: IPX
January 16, 2026
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IPERIONX RECEIVES FINAL $4.6M IN DoW FUNDING AND 290 METRIC TONS OF TITANIUM SCRAP FROM U.S. GOVERNMENT
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U.S. Department of War, through its Industrial Base Analysis and Sustainment program, has obligated the final US$4.6 million under IperionX’s previously announced US$47.1 million award
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Funds will be applied to the scale-up of production to 1,400 tpa at IperionX’s Titanium Manufacturing Campus in Virginia, with planning, design and long lead time activities underway
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The U.S. Government has also transferred ~290 metric tons (320 short tons) of high-quality titanium scrap metal to IperionX for no cost, which is ~1.5 years’ worth of titanium feedstock at current full
operating capacity
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The final IBAS funding and provision of titanium scrap affirms the commitment of the U.S. Government to establish and expand a resilient, fully integrated, and low-cost titanium supply chain for the U.S.
defense industrial base
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IperionX Limited (NASDAQ: IPX, ASX: IPX) (IperionX) announces that the U.S. Department of War (DoW) through its Industrial Base Analysis and Sustainment (IBAS)
program, has obligated the final US$4.6 million under IperionX’s previously awarded US$47.1 million award. The funds will be applied to the scale-up of titanium production and advanced manufacturing capacity at IperionX ‘s Titanium Manufacturing
Campus, enabling output of up to 1,400 metric tons per year (tpa).
Additionally, the U.S. Government has transferred ~290 metric tons (320 short tons) or high-quality titanium alloy (Ti64) scrap metal to IperionX for no cost, which is material that is surplus to its
needs. The scrap metal is equivalent to approximately 1.5 years’ worth of IperionX’s titanium feedstocks at the existing full operating capacity of 200 metric tons per year. IperionX currently holds ~90 metric tons of titanium scrap metal in
inventory at its facility, exclusive of the 290 metric tons to be transferred by the U.S. Government.
The IBAS program is designed to reinforce U.S. defense supply chains by fostering a resilient, low-cost, titanium platform that reduces reliance on imports and establishes a secure, uninterruptible
domestic source of critical materials.
This final obligation follows prior tranches totaling US$42.5 million, which funded activities including long-lead items for titanium manufacturing equipment and to advance the Titan Critical Minerals
Project in Tennessee to shovel-ready status. All funding obligations from the DoW have now been received by IperionX.
This announcement has been authorized for release by the CEO and Managing Director.
For further information and enquiries please contact:
info@iperionx.com
+1 980 237 8900
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, fasteners, automotive and additive manufacturing.
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Forward
Looking Statements
Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the
use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and
objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance,
and achievements to differ materially from any future results, performance, or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions,
increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, the Company’s
ability to comply with the relevant contractual terms to access the technologies, commercially scale its closed-loop titanium production processes, or protect its intellectual property rights, political and social risks, changes to the
regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.
Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant
environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the
Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.
Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking
statements, there may be other factors that could cause actual results, performance, achievements, or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly,
readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant
stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances
on which any such statement is based.
Competent Persons Statement
The information in this announcement that relates to Exploration Results and Mineral Resources is extracted from IperionX’s ASX Announcement dated October 6, 2021 (“Original ASX
Announcement”) which is available to view at IperionX’s website at www.iperionx.com. The Company confirms that a) it is not aware of any new information or data that materially affects the information included in the Original ASX
Announcement; b) all material assumptions and technical parameters underpinning the Mineral Resource Estimate included in the Original ASX Announcement continue to apply and have not materially changed; and c) the form and context in
which the relevant Competent Persons’ findings are presented in this report have not been materially changed from the Original ASX Announcement.
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FAQ
What did IperionX (IPX) announce in this Form 6-K?
IperionX announced that the U.S. Department of War, through its IBAS program, has obligated the final US$4.6 million of a total US$47.1 million award to support scaling its titanium production and advanced manufacturing capacity.
How will the new US$4.6 million in funding be used by IperionX (IPX)?
The final US$4.6 million will be applied to the scale-up of titanium production and advanced manufacturing capacity at IperionX’s Titanium Manufacturing Campus, enabling output of up to 1,400 metric tons per year.
What titanium scrap did IperionX receive from the U.S. Government?
The U.S. Government transferred about 290 metric tons (320 short tons) of high-quality Ti64 titanium alloy scrap to IperionX at no cost, characterized as material surplus to government needs.
How does the 290 metric tons of scrap compare to IperionX’s current capacity?
The approximately 290 metric tons of titanium scrap is described as equivalent to about 1.5 years of titanium feedstock at IperionX’s existing full operating capacity of 200 metric tons per year.
What titanium scrap inventory does IperionX (IPX) already hold?
IperionX currently holds about 90 metric tons of titanium scrap metal in inventory at its facility, excluding the additional 290 metric tons transferred by the U.S. Government.
What is the purpose of the IBAS program supporting IperionX?
The IBAS program is intended to reinforce U.S. defense supply chains by fostering a resilient, low-cost titanium platform that reduces reliance on imports and establishes a secure, uninterruptible domestic source of critical materials, which includes IperionX’s titanium products.
What is IperionX’s role in U.S. critical materials supply chains?
IperionX uses patented metal technologies to produce high-performance titanium alloys from minerals or scrap at lower energy, cost and carbon emissions. Its titanium metal and critical minerals serve advanced U.S. industries such as space, aerospace, defense, electronics, fasteners, automotive and additive manufacturing.