IperionX secures additional $25M funding to scale US titanium production
IperionX, based in Charlotte, North Carolina, USA, has announced that the US Department of War (DoW), through its Industrial Base Analysis and Sustainment (IBAS) programme, has obligated an additional $25 million under IperionX’s previously awarded $47.1 million award.
The additional funding will be applied to scaling up titanium production and advanced manufacturing capacity at IperionX’s Titanium Manufacturing Campus, enabling output of up to 1,400 metric tons per year.
The IBAS programme is designed to reinforce US defence supply chains by fostering a resilient, low-cost, mineral-to-metal titanium platform that reduces reliance on imports and establishes a secure, uninterrupted domestic source of critical materials.
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This latest obligation follows prior tranches of $12.5 million and $5 million, which funded long-lead items for titanium manufacturing equipment and to advance the Titan Critical Minerals Project in Tennessee to shovel-ready status. Total obligations now stand at $42.5 million, with the remaining $4.6 million expected to be obligated by the DoW over the contract term.
