Recent Updates — IPX
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.
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.
IperionX validated its GenX™ continuous titanium production platform at its Virginia R&D facility through four campaigns totaling over 500 kg of powder. The system achieved six times the throughput and reduced power consumption by more than 75% compared to batch processing, while lowering magnesium and hydrogen use by over 45% and 60%, respectively. All spherical samples met ASTM Grade 23 oxygen specifications, with angular samples meeting Grade 5 standards. The company plans to optimize operations in Q4 2026 and begin engineering evaluations for the first industrial-scale GenX™ line. IperionX operates in the critical materials industry, producing high-performance titanium alloys using patented low-energy technologies.
IperionX Limited announced that the U.S. Army awarded Task Order 2 under its existing US$99 million SBIR Phase III contract for Low-Cost, Domestic Titanium for Defense Applications. The task order has a base value of US$18.5 million, with US$11.5 million currently funded and obligated to cover three priority industrialization work packages and an initial allotment to a fourth. Unexercised options could increase the total potential value to US$25.4 million. Funding supports equipment for continuous HSPT™ processing and in-house titanium fastener finishing at IperionX’s Virginia facility, aiming to expand domestic powder-to-part manufacturing capacity for defense applications such as track pins and bolts. The period of performance is from August 28, 2026, to August 27, 2030. IperionX Limited operates in the advanced materials and mining industry, utilizing patented technologies to produce titanium metals and critical minerals.
IperionX Limited announced a proposed redomiciliation to Texas and the appointment of Michael J. Loparco as an independent non-executive director effective August 3, 2026. The company intends to establish a Texas-incorporated parent company to align its legal structure with its U.S.-based operations in Tennessee, Virginia, and Utah, replacing its existing ADS listing on Nasdaq with direct common stock. This strategic move aims to simplify the investment framework for U.S. investors and enhance access to capital markets while maintaining underlying assets and operational priorities. Loparco brings extensive experience from Symbotic Inc. and Jabil Inc., strengthening the board's capabilities for industrial scale-up. IperionX operates in the critical minerals and advanced manufacturing industry, producing titanium metal and alloys using patented technologies.