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IperionX Receives Final $4.6M In DoW Funding; U.S. Government Transfers ~290 Metri Tons Or High-Quality Titanium Alloy Scrap Metal For No Cost

Benzinga·01/16/2026 13:35:50
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  • U.S. Department of War, through its Industrial Base Analysis and Sustainment program, has obligated the final US$4.6 million under IperionX's previously announced US$47.1 million award
  • Funds will be applied to the scale-up of production to 1,400 tpa at IperionX's Titanium Manufacturing Campus in Virginia, with planning, design and long lead time activities underway
  • The U.S. Government has also transferred ~290 metric tons (320 short tons) of high-quality titanium scrap metal to IperionX for no cost, which is ~1.5 years' worth of titanium feedstock at current full operating capacity
    • The final IBAS funding and provision of titanium scrap affirms the commitment of the U.S. Government to establish and expand a resilient, fully integrated, and low-cost titanium supply chain for the U.S. defense industrial base