IperionX 鈥� June 2025 Quarterly Report
IperionX (NASDAQ: IPX) reported significant progress in its June 2025 quarter, marking major operational milestones at its Titanium Manufacturing Campus in Virginia. The company has successfully commissioned all major scrap-to-forged titanium manufacturing equipment, with the HAMR furnace exceeding industry standards for titanium production.
The company secured substantial government backing, including a US$99 million SBIR Phase III IDIQ contract from the U.S. Department of Defense, adding to its previous US$47.1 million DoD funding. IperionX announced a US$46 million private placement to accelerate production expansion, bringing its pro-forma cash position to approximately US$100 million.
The company's Titan Critical Minerals Project, the largest critical mineral sands project in the U.S., continues progress with its Definitive Feasibility Study on track for Q2 2026 completion.
IperionX (NASDAQ: IPX) ha riportato notevoli progressi nel trimestre di giugno 2025, raggiungendo importanti traguardi operativi presso il suo Titanium Manufacturing Campus in Virginia. L'azienda ha messo in funzione con successo tutte le principali apparecchiature per la produzione di titanio da rottami a forgiato, con il forno HAMR che supera gli standard del settore per la produzione di titanio.
La societ脿 ha ottenuto un sostegno governativo significativo, incluso un contratto IDIQ SBIR Fase III da 99 milioni di dollari dal Dipartimento della Difesa degli Stati Uniti, aggiungendosi ai precedenti 47,1 milioni di dollari di finanziamenti DoD. IperionX ha annunciato un private placement da 46 milioni di dollari per accelerare l'espansione della produzione, portando la sua posizione di cassa pro-forma a circa 100 milioni di dollari.
Il progetto Titan Critical Minerals dell'azienda, il pi霉 grande progetto di sabbie minerali critiche negli Stati Uniti, continua a progredire con lo Studio di Fattibilit脿 Definitivo previsto per il completamento nel secondo trimestre del 2026.
IperionX (NASDAQ: IPX) report贸 avances significativos en su trimestre de junio de 2025, alcanzando importantes hitos operativos en su Titanium Manufacturing Campus en Virginia. La empresa ha puesto en marcha con 茅xito todos los principales equipos de fabricaci贸n de titanio desde chatarra hasta forjado, con el horno HAMR superando los est谩ndares de la industria para la producci贸n de titanio.
La compa帽铆a asegur贸 un respaldo gubernamental sustancial, incluyendo un contrato IDIQ SBIR Fase III por 99 millones de d贸lares del Departamento de Defensa de EE.UU., sum谩ndose a su previo financiamiento DoD de 47,1 millones de d贸lares. IperionX anunci贸 una colocaci贸n privada de 46 millones de d贸lares para acelerar la expansi贸n de la producci贸n, llevando su posici贸n de efectivo proforma a aproximadamente 100 millones de d贸lares.
El proyecto Titan Critical Minerals de la compa帽铆a, el mayor proyecto de arenas minerales cr铆ticas en EE.UU., contin煤a avanzando con su Estudio de Factibilidad Definitivo previsto para completarse en el segundo trimestre de 2026.
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須岇偓鞚� Titan Critical Minerals 頂勲鞝濏姼電� 氙戈淡 雮� 斓滊寑鞚� 頃奠嫭 甏戨 氇灅 頂勲鞝濏姼搿�, 2026雲� 2攵勱赴 鞕勲毳� 氇╉憸搿� 頃橂姅 頇曥爼 韮�雼轨劚 臁办偓臧� 靾滌“搿矊 歆勴枆 欷戩瀰雼堧嫟.
IperionX (NASDAQ : IPX) a annonc茅 des progr猫s significatifs au cours de son trimestre de juin 2025, atteignant d'importantes 茅tapes op茅rationnelles sur son Titanium Manufacturing Campus en Virginie. L'entreprise a mis en service avec succ猫s tous les 茅quipements majeurs de fabrication de titane 脿 partir de ferraille jusqu'au forgeage, le four HAMR d茅passant les normes industrielles pour la production de titane.
L'entreprise a obtenu un soutien gouvernemental important, incluant un contrat IDIQ SBIR Phase III de 99 millions de dollars du D茅partement de la D茅fense des 脡tats-Unis, s'ajoutant 脿 un pr茅c茅dent financement DoD de 47,1 millions de dollars. IperionX a annonc茅 un placement priv茅 de 46 millions de dollars pour acc茅l茅rer l'expansion de la production, portant sa position de tr茅sorerie pro forma 脿 environ 100 millions de dollars.
Le projet Titan Critical Minerals de l'entreprise, le plus grand projet de sables min茅raux critiques aux 脡tats-Unis, progresse toujours avec son 茅tude de faisabilit茅 d茅finitive pr茅vue pour 锚tre achev茅e au deuxi猫me trimestre 2026.
IperionX (NASDAQ: IPX) meldete im Quartal Juni 2025 bedeutende Fortschritte und erreichte wichtige operative Meilensteine auf seinem Titanium Manufacturing Campus in Virginia. Das Unternehmen hat alle wichtigen Anlagen zur Herstellung von Titan aus Schrott bis zum Schmieden erfolgreich in Betrieb genommen, wobei der HAMR-Ofen die Industriestandards f眉r die Titanproduktion 眉bertrifft.
Das Unternehmen sicherte sich umfangreiche staatliche Unterst眉tzung, darunter einen SBIR Phase III IDIQ-Vertrag 眉ber 99 Millionen US-Dollar vom US-Verteidigungsministerium, zus盲tzlich zu fr眉heren 47,1 Millionen US-Dollar DoD-Finanzierungen. IperionX k眉ndigte eine Privatplatzierung 眉ber 46 Millionen US-Dollar an, um die Produktionsausweitung zu beschleunigen, wodurch sich die Pro-forma-Barmittelposition auf etwa 100 Millionen US-Dollar 别谤丑枚丑迟.
Das Titan Critical Minerals Projekt des Unternehmens, das gr枚脽te kritische Mineralien-Sandprojekt in den USA, macht weiterhin Fortschritte, wobei die endg眉ltige Machbarkeitsstudie planm盲脽ig im zweiten Quartal 2026 abgeschlossen werden soll.
- Successful commissioning of all major titanium manufacturing equipment with HAMR furnace exceeding industry standards
- Secured US$99 million DoD IDIQ contract and US$47.1 million in additional DoD funding
- Raised US$46 million through private placement, strengthening cash position to US$100 million
- Commenced consumer-electronics scrap processing, validating circular supply chain capabilities
- Strong customer momentum across automotive, defense, and aerospace sectors
- DFS completion for Titan Project not expected until Q2 2026
- Additional shareholder dilution through 14 million new ordinary shares placement
Insights
IperionX hits major milestones with titanium production online, securing $99M DoD contract and raising $46M for accelerated expansion.
IperionX has reached a critical inflection point with its Virginia Titanium Manufacturing Campus now fully operational. The successful commissioning of all major equipment鈥攑articularly the Hydrogen Assisted Metallothermic Reduction (HAMR) furnace鈥攔epresents a technological breakthrough in titanium production. The company's unique ability to process titanium scrap into high-quality forged components using proprietary HAMR and HSPT technologies creates a compelling competitive advantage in an industry plagued by high costs and environmental concerns.
The Department of Defense SBIR Phase III contract (up to
Most notably, early commissioning results indicate production throughput may exceed original nameplate capacity鈥攁 rare achievement in new metals processing facilities, which typically face efficiency challenges during ramp-up. The modular, low-capex nature of their production system enables capital-efficient scaling, with the newly announced
The commencement of consumer electronics scrap processing validates the company's circular economy model, potentially transforming titanium economics by reducing dependence on primary ore sources. This vertical integration from recycled feedstock to finished components represents a fundamental shift in titanium manufacturing dynamics that could disrupt traditional supply chains across aerospace, defense, and automotive sectors.
The Department of Defense's commitment to IperionX through a SBIR Phase III IDIQ contract worth up to
This contract comes in addition to the earlier
The dual-use nature of IperionX's technology鈥攕erving both defense and commercial markets鈥攁ligns perfectly with current defense procurement priorities that seek to leverage commercial innovation while building resilient supply chains. The company's ability to process titanium from both virgin and recycled sources creates strategic redundancy in material sourcing.
The Titan Critical Minerals Project adds another defense dimension through its rare earth elements, particularly heavy rare earths like dysprosium and terbium that are critical for advanced weapons systems. Current U.S. defense policy is actively promoting domestic sources of these materials to reduce dependence on Chinese supplies. IperionX's potential to provide both titanium and heavy rare earths positions it uniquely within the evolving defense industrial strategy focused on supply chain sovereignty for critical materials.
CHARLOTTE, N.C., July 23, 2025 (GLOBE NEWSWIRE) -- IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to present its quarterly report for the period ending June 30, 2025. Key highlights during and subsequent to the end of the quarter include:
Commercial operations: production online and commissioning of all major equipment complete
- Successful commissioning of the Titanium Manufacturing Campus in Virginia, with all major scrap-to-forged titanium manufacturing equipment now online and proven to meet operational capacity.
- Repeated back-to-back production cycles of the Hydrogen Assisted Metallothermic Reduction (HAMRTM) furnace continue to produce high-quality titanium that exceeds industry standards.
- Commissioning-phase process improvements have reinforced the low-capex modular scalability of the HAMR process and underscore strong potential to surpass original nameplate titanium powder production. Higher throughput capacities will be confirmed in the coming weeks.
- Commissioning of powder metallurgy and Hydrogen Sintering & Phase Transformation (HSPTTM) forging systems are complete, underpinning production of near-net-shape and forged titanium components.
Strong momentum across commercial and strategic customer partnerships
- Customer activities accelerated during the quarter with increasing engagement across automotive, defense and aerospace, with a range of customers completing inspection and pre-qualification visits to the Titanium Manufacturing Campus in Virginia.
- Consumer-electronics scrap processing commenced, validating circular supply chain from recycled titanium feedstock to manufactured forged titanium parts, as announced in collaboration with ELG Utica on July 3, 2024.
- New verticals opening across mass industrial titanium manufacturing, where material manufacturing waste is typically high 鈥� including the production of titanium fasteners. These efforts are opening up new sales channels across aerospace, commercial, military, and large-scale commercial markets.
- IperionX is building a pipeline of partnerships with global manufacturers seeking to transition to low-cost, sustainable, circular, and traceable titanium supply chains.
U.S. Government backing to secure a low-cost domestic titanium supply chain
- IperionX received a Small Business Innovation Research (SBIR) Phase III Indefinite Delivery, Indefinite Quantity (IDIQ) contract allowing task order funding from U.S. Department of Defense (DoD) agencies聽up to a total of US
$99 million . - First task order awarded under the SBIR IDIQ contract to expedite the production and delivery of titanium parts聽for U.S. Army ground vehicle programs.
- The SBIR Phase III contract and task order are in addition to the US
$47.1 million in DoD funding awarded to IperionX in the prior quarter to accelerate development of a secure, low-cost, mineral-to-metal titanium supply chain. - IperionX continues to progress its long-term, tax-exempt bond financing through Virginia鈥檚 Halifax County Industrial Development Authority to underpin future titanium production expansions.
Titanium production expansion plans fast-tracked
- Strong customer momentum and U.S. Government funding commitments driving accelerated titanium production scale-up.
- Subsequent to the end of the quarter, on July 23, 2025, IperionX announced a private placement to raise approximately US
$46 million . - IperionX intends to use proceeds from the private placement to fast-track ordering of long-lead HAMR and HSPT modules, plus parallel expansion of forging capacity to meet 2026-2027 production schedules.
- Modular, low-capex design allows accelerated production growth phases through 2030.
Titan Critical Minerals Project: DFS to advance a vital U.S. critical minerals supply chain
- Definitive Feasibility Study (DFS) activities continued at the Titan Project, funded in part by the recent U.S. DoD award.
- Titan Project is the largest critical mineral sands project in the U.S. with a permitted multi-decade resource of titanium, zircon and rare earths.
- DFS remains on track for completion in Q2 2026, which will underpin a long-term future supply of titanium feedstock and heavy rare earths, including dysprosium and terbium - key elements for high-performance defense systems.
- Titan Project鈥檚 heavy rare earth resources, including dysprosium and terbium, complement light rare-earth assets recently backed by the DoD, positioning IperionX as a potential partner of choice for a complete domestic magnet supply chain.
Strong financial position
- At June 30, 2025, IperionX closed the quarter with US
$55 million in cash. - Subsequently, on July 23, 2025, IperionX announced that it had received firm commitments for a private placement of 14 million new ordinary shares at an issue price of A
$5.00 per share, to raise approximately US$46 million before costs (Placement), resulting in pro-forma cash of approximately US$100 million . - IperionX intends to use proceeds from the Placement for:
- Accelerating Phase 2 capacity scale-up, with fast-track ordering of long lead time production and manufacturing equipment;
- Scaling Phase 1 operations, including low-cost capital projects to further increase production over nameplate throughput capacities;
- Scaling of HSPT pressing and furnace capacity to align with accelerated production scale-up; and
- Operations, Phase 3 expansion studies and increased R&D.
- Directors subscribed for A
$2.2 million (~US$1.4 million ) under the Placement, subject to shareholder approval, reinforcing alignment with shareholders.
About IperionX
IperionX is a leading American titanium metal and critical materials company 鈥� 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鈥檚 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 .
Contacts
Anastasios (Taso) Arima, Founder and CEO
Toby Symonds, President
Dominic Allen, Chief Commercial Officer
Investors: [email protected]
Media: [email protected]
+1 980 237 8900
www.iperionx.com
FAQ
What major milestones did IperionX (IPX) achieve in its June 2025 quarter?
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