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IperionX secures $85M in U.S. government funding for titanium production as it completes feasibility study
IPXIPERIONX Ltd
IperionX Ltd filed its 2026 Annual Report, highlighting the transition to a 24/7 production schedule at its Virginia titanium manufacturing campus and the commissioning of a 300-ton six-axis press. The company completed a Definitive Feasibility Study for its Titan Critical Minerals Project in Tennessee, reporting an after-tax NPV of US$813 million and an IRR of 39.4%. Subsequent to year-end, IperionX acquired the Atlas critical minerals property for US$3.0 million. The filing details U.S. government support, including a fully obligated US$47.1 million IBAS award and a US$12.7 million DPA Title III award, alongside an additional US$25.4 million Army task order under its US$99 million SBIR Phase III contract. IperionX operates in the mining and advanced materials industry, producing titanium metal products and critical minerals.