IperionX Drives Towards Commercial Scale Titanium Metal Production
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #Virginia--IPERIONX DRIVES TOWARDS COMMERCIAL SCALE TITANIUM METAL PRODUCTION.
- 02/14/2024
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IperionX Letter to Shareholders
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #Virginia--IperionX - Letter to Shareholders.
- 01/16/2024
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IperionX Completes US$16.7M Placement to Re-shore U.S. Titanium Production
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #Virginia--IperionX Completes US$16.7M Placement to Re-shore U.S. Titanium Production.
- 11/08/2023
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IperionX Receives US$12.7M U.S. Department of Defense Grant for Domestic Titanium Production
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #Virginia--Department of Defense Enters an Agreement With IperionX to Expand Domestic Manufacturing to Strengthen the U.S. Titanium Supply Chain.
- 11/01/2023
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IperionX Receives US$11.5 Million LOI From EXIM Bank for U.S. Titanium Production
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #EXIM--IPERIONX RECEIVES US$11.5 MILLION LOI FROM EXIM BANK FOR U.S. TITANIUM PRODUCTION.
- 10/19/2023
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IperionX Company Presentation
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #3Dprinting--IperionX Corporate Presentation.
- 10/09/2023
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GKN Aerospace Partners With IperionX to Advance Sustainable Titanium Manufacturing
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #3Dprinting--GKN AEROSPACE PARTNERS WITH IPERIONX TO ADVANCE SUSTAINABLE TITANIUM MANUFACTURING.
- 10/02/2023
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IperionX to Produce Titanium Plate for U.S. Army Testing
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #3Dprinting--IPERIONX TO PRODUCE TITANIUM PLATE FOR U.S. ARMY TESTING.
- 09/07/2023
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Titan Project Development Update
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #criticalminerals--TITAN PROJECT DEVELOPMENT UPDATE - RE-SHORING U.S. TITANIUM & RARE EARTHS PRODUCTION TO TENNESSEE.
- 08/28/2023
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IperionX Earns International Recognition With R&D 100 Award
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #3Dprinting--IPERIONX EARNS INTERNATIONAL RECOGNITION WITH R&D 100 AWARD.
- 08/23/2023
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IperionX to Produce Titanium Plate for Testing by Lockheed Martin
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #3Dprinting--IPERIONX TO PRODUCE TITANIUM PLATE FOR TESTING BY LOCKHEED MARTIN.
- 08/17/2023
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IperionX Receives Key Permits for Development of the Titanium & Rare Earth Mineral Rich Titan Project
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #3Dprinting--IPERIONX RECEIVES KEY PERMITS FOR DEVELOPMENT OF THE TITANIUM & RARE EARTH MINERAL RICH TITAN PROJECT.
- 08/15/2023
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IperionX Receives Key Permits for Titanium Metal Production in Virginia
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #3Dprinting--IPERIONX RECEIVES KEY PERMITS FOR TITANIUM METAL PRODUCTION IN VIRGINIA.
- 07/31/2023
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IperionX and Aperam Recycling Partner to Create 100% Recycled Titanium Supply Chain
- CHARLOTTE, N.C.--(BUSINESS WIRE)---- $IPX #3Dprinting--IPERIONX AND APERAM PARTNER TO CREATE 100% RECYCLED TITANIUM SUPPLY CHAIN.
- 07/10/2023
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IperionX Plans to Build the World’s Largest 100% Recycled Titanium Metal Powder Facility By 2025
- CHARLOTTE, N.C.--(BUSINESS WIRE)--IperionX Limited (“IperionX”) (Nasdaq | ASX: IPX), is pleased to announce that it has completed detailed engineering design for the planned 125 metric tonnes per annum (“tpa”) Titanium Demonstration Facility (“TDF”), previously announced in September 2022, and a Techno-Economic Assessment for an expansion into the Company’s first Titanium Commercial Facility (“TCF-1”) of 1,125 tpa located at the Southern Virginia Technology Park in Halifax County, Virginia. The TDF and TCF-1 will utilize the breakthrough Hydrogen Assisted Metallothermic Reduction (“HAMR”) technologies to produce titanium metal powder. Development of the TCF-1 to 1,125 tpa production capacity would furnish IperionX with the largest recycled titanium metal powder production capacity globally, the only titanium production facility using 100% titanium metal scrap as a feedstock. This will also be the only such facility with zero Scope 1 & 2 emissions with the lowest carbon intensity for any commercial titanium metal powder product. The full press release, including detailed cost estimates can be found here. Commenting on the completion of the scale up plans and testing, Anastasios Arima, Co-founder & CEO said: “We have now developed plans for the world’s first and largest recycled titanium powder facility, with initial production from the first stage 125 tpa TDF forecast to come online in early 2024 with a simple and modular expansion to a 1,125 tpa TCF-1 by the end of 2025. The pathway for the development of the TDF and TCF-1 build upon the learnings from our current Industrial Pilot Facility operations in Utah where we have been producing circular titanium metal since early 2022. The development of the TDF & TCF-1 will scale our production to commercial quantities of 100% recycled titanium metal while also reducing the cost providing the potential for titanium to compete on price with other metals, including stainless steel and aluminum. The U.S. is a tier 1 fiscal and manufacturing operating environment with a large pipeline of government incentives potentially available to IperionX. We look forward to rapidly advancing our developments through 2023 and moving towards scaled up production to secure a U.S. supply chain of this critical metal.” Titanium Metal Powder Production Scale-Up The TDF is expected to begin commissioning in Q4 2023 and be operational by Q1 2024, targeting a run-rate of 125 tpa by Q3 2024. Development of the TDF remains subject to successful Board approval for a final investment decision, expected in Q3 2023. The TDF is projected to initially produce ~15 tpa of spherical titanium metal powder and ~110 tpa of angular titanium metal powder. IperionX then plans to install additional equipment at the facility to allow for the operational flexibility to produce 125 tpa of either 100% angular titanium metal powder or 100% spherical titanium metal powder for an incremental capital cost of US$6.9 million. Cash costs for 125 tpa of spherical titanium powder production at the TDF are projected to be ~US$72/kg before contingencies. The larger capacity TCF-1 could be operational by Q4 2025 if long lead time items are ordered in Q3 2024. The TCF-1 is designed to produce 1,125 tpa of angular or spherical titanium metal powder. Capital costs for this expansion would be ~US$70 million, with ~US$48 million needed for long lead time orders and the remaining US$22 million needed during commissioning in 2025. Assuming a conservative spherical titanium metal powder price of ~US$130/kg (vs. current estimated market pricing of ~US$200/kg), and using key operating assumptions, the TCF-1 has the potential to generate revenue of ~US$145 million and EBITDA of ~US$100 million in 2026. About IperionX IperionX’s mission is to be the leading developer of low carbon titanium for advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX holds an exclusive option to acquire breakthrough titanium technologies that can produce titanium products that are low carbon and fully circular. IperionX is producing titanium metal powders from titanium scrap at its operational pilot facility in Utah, and intends to scale production at a Titanium Demonstration Facility in Virginia. IperionX holds a 100% interest in the critical minerals Titan Project, which has the largest JORC resource of titanium, rare earth and zircon rich mineral sands in the U.S.A. Forward Looking Statements Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, and achievements to differ materially from any future results, performance, or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, the Company’s ability to comply with the relevant contractual terms to access the technologies, commercially scale its closed-loop titanium production processes, or protect its intellectual property rights, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements, or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.
- 04/27/2023
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IperionX Releases Life Cycle Assessment of 100% Recycled Titanium Powder
- CHARLOTTE, N.C.--(BUSINESS WIRE)--IperionX Limited (“IperionX”) (Nasdaq | ASX: IPX), a leader in the development of sustainable and circular titanium metal, is pleased to announce the release of its life cycle assessment for its unique 100% recycled, low carbon titanium metal powder. IperionX’s LCA, titled “Life Cycle Assessment of 100% Recycled Titanium Ti64 Powder for Additive Manufacturing” highlights that titanium powder produced at IperionX’s planned Titanium Demonstration Facility (“TDF”) in Virginia has the potential for a life cycle carbon footprint of as little as 7.8 kg of carbon dioxide equivalents (“CO2e”) per kg. Titanium metal produced by the current “Kroll Process” is high carbon, energy intensive, expensive and has low levels of circularity. Leading companies across the defense, automotive, bicycle, consumer electronics, luxury goods and green hydrogen sectors want to source low carbon, affordable titanium from traceable recycled sources. IperionX’s patented technologies offer a pathway to deliver significantly lower cost, and lower carbon, recycled titanium metal powders for titanium components across these industries. The LCA confirms the compelling sustainability advantages for companies that design and manufacture products with IperionX titanium. Although titanium is strong, lightweight and offers superior corrosion resistance - it has been hindered by its historically higher cost, high carbon footprint and limited recyclability. IperionX titanium offers leading companies an opportunity to reduce their impact on the environment with a superior low carbon metal, with greater durability and strength, and that can be sustainably recycled at the end of the product life. The LCA was conducted by EarthShift Global, an independent expert LCA consultancy, in compliance with international environmental management standards of ISO 14040 and 14044, and included independent third-party critical review. IperionX has subsequently commissioned a critically-reviewed, ISO-compliant comparative LCA to quantify the benefits of its 100% recycled titanium powder against other metal powders for additive manufacturing, including titanium, stainless steel and aluminum, and this is anticipated for release in Q3 2023. Dr. Nathan Ayer, Director of Analytical Services at EarthShift Global said: “IperionX has shown a commitment to using the results of the anticipatory life cycle analysis of their recycled titanium powder process to focus on ways to perform better on environmental metrics, especially related to climate change. It is fulfilling to work with a company who utilized the results of the LCA study to immediately improve upon their process, even before the LCA study was fully complete. By publicly releasing their critically-reviewed LCA on metal powders used for additive manufacturing, IperionX has shown real leadership in this industry. We look forward to continuing our collaboration with IperionX as we start the comparative LCA of their titanium powder and other metal powders used in additive manufacturing.” Anastasios (Taso) Arima, co-founder and CEO of IperionX said: “We are very pleased to release the critically-reviewed LCA results of our 100% recycled titanium powder. This independent verification of the lowest quantified life cycle carbon footprint for titanium powders in the market today is an important milestone for IperionX and for our customers who want an affordable, low carbon and circular domestic titanium supply chain.” About EarthShift Global EarthShift Global helps top-level executives, front-line practitioners, academic researchers and policymakers worldwide achieve their objectives by providing life cycle oriented software, consulting services, and training that de-mystify the path to sustainability. EarthShift Global’s proven approach emphasizes engagement, adaptability, and credible, measurable results, and the incorporation of performance-enhancing sustainable thinking (including life cycle assessment, or LCA) into everyday business decisions. About IperionX IperionX’s mission is to be the leading developer of low carbon titanium for advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX’s breakthrough titanium technologies can produce titanium products that are low carbon and fully circular. IperionX is producing titanium metal powders from titanium scrap at its operational pilot facility in Utah, and intends to scale production at a Titanium Demonstration Facility in Virginia. IperionX holds a 100% interest in the critical minerals Titan Project, which has the largest JORC resource of titanium, rare earth and zircon rich mineral sands in the U.S.A. Forward Looking Statements Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, and achievements to differ materially from any future results, performance, or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, the Company’s ability to comply with the relevant contractual terms to access the technologies, commercially scale its closed-loop titanium production processes, or protect its intellectual property rights, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements, or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based. A link to the original announcement can be found here. A summary of the LCA on IperionX’s recycled titanium powder to be produced at the TDF is available via IperionX’s website: http://iperionx.com/lca/ iSource for Stainless Steel ingot emissions, assuming 20% recycled content: https://www.worldstainless.org/files/issf/non-image-files/PDF/ISSF_Stainless_Steel_and_CO2.pdf Source for Aluminum ingot emissions: https://link.springer.com/article/10.1007/s11367-015-1003-7 Source for Kroll ingot emissions: Gao, F., Nie, Z., Yang, D., Sun, B., Liu, Y., Gong, X., & Wang, Z. (2018). Environmental impacts analysis of titanium sponge production using Kroll process in China. Journal of Cleaner Production, 174, 771-779. doi: https://doi.org/10.1016/j.jclepro.2017.09.240. and https://ecoinvent.org/the-ecoinvent-database/data-releases/ecoinvent-3-8/ Source for titanium powder emissions (80% recycled by plasma atomization method): https://go.6kinc.com/lca_6kadditive_report
- 04/26/2023
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IperionX Green Hydrogen Market Assessment
- CHARLOTTE, N.C.–(BUSINESS WIRE)–$IPX #3Dprinting—IperionX Limited (“IperionX”) (Nasdaq | ASX: IPX) is pleased to release a presentation on green hydrogen and the critical importance of titanium metal to successfully scale this high growth market. A link to the presentation can be found here. Green hydrogen production is forecast to surge by over 1,000x by 2030, driven […]...
- 04/21/2023
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