Financing ·
IperionX raises $50M in equity, validates HAMR™ capacity above 200 tpa and GenX™ at ~100 tpa
IPXIPERIONX Ltd
IperionX Limited priced a U.S. public offering of 2,275,000 ADSs at US$21.98 per share on July 7, 2026, raising approximately US$50 million in gross proceeds and lifting quarter-end cash to US$63.0 million. The company validated its HAMR™ titanium powder furnace capacity above the 200 tons-per-annum target after completing 1.6 tons of production in 63 hours, while also validating its next-generation GenX™ continuous platform at an equivalent run-rate of approximately 100 tpa with significantly improved unit economics. Additionally, IperionX secured a US$18.5 million U.S. Army Task Order for titanium fastener manufacturing and completed the acquisition of adjacent Atlas critical mineral assets for US$3 million to support its integrated Titan mining platform. The company operates in the advanced materials sector, producing domestic titanium metal and critical minerals.