Iperionx receives a further $25m in u.s. government funding to accelerate titanium production scale-up
U.s. department of war, through its industrial base analysis and sustainment program, has obligated an additional us$25 million under iperionx's previously announced us$47.1 million award ibas funding supports the build-out of a resilient, fully integrated, and low-cost titanium supply chain - from minerals to metal - strengthening the u.s. defense industrial base funds will be applied to the scale-up of production to 1,400 tpa at iperionx's titanium manufacturing campus in virginia the $25.0 million obligation, along with the prior us$12.5 million and us$5.0 million, takes total obligations to us$42.5 million, with the remaining us$4.6 million expected to be obligated over the contract term charlotte, n.c., sept. 26, 2025 (globe newswire) -- iperionx limited (iperionx) (nasdaq: ipx, asx: ipx), announces that the u.s. department of war (dow) through its industrial base analysis and sustainment (ibas) program, has obligated an additional us$25 million under iperionx's previously awarded us$47.1 million award.
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