How Is IperionX Fast-Tracking Titanium Production with $99M DoD Backing?
IperionX has successfully commissioned its Virginia titanium manufacturing campus, secured a substantial U.S. Department of Defense contract, and raised $46 million to fast-track production expansion through 2030.
- Titanium Manufacturing Campus fully commissioned and operational
- U.S. DoD awards $99 million SBIR Phase III contract plus $1.3 million task order
- Private placement raises approximately $46 million for production scale-up
- Titan Project DFS on track for Q2 2026, supporting critical minerals supply
- Strong customer engagement across defense, aerospace, automotive, and industrial sectors
Operational Milestone Achieved
IperionX Limited has marked a significant milestone with the successful commissioning of its Titanium Manufacturing Campus in Virginia. All major equipment, including the innovative Hydrogen Assisted Metallothermic Reduction (HAMR) furnace and Hydrogen Sintering & Phase Transformation (HSPT) forging systems, are now online and producing titanium powder and forged components that exceed industry standards. This achievement validates the company’s modular, low-capital expenditure approach to titanium production, which is designed for scalable growth.
Strategic U.S. Government Support
The company’s progress has been bolstered by substantial backing from the U.S. Department of Defense (DoD). IperionX secured a Small Business Innovation Research (SBIR) Phase III Indefinite Delivery, Indefinite Quantity (IDIQ) contract worth up to $99 million, enabling task order funding for defense-related titanium components. The first task order, valued at $1.3 million, focuses on titanium parts for U.S. Army ground vehicle programs, underscoring the strategic importance of a domestic, low-cost titanium supply chain for national security.
Capital Raise to Accelerate Expansion
To capitalize on growing demand and government support, IperionX announced a private placement raising approximately $46 million. The funds will accelerate ordering of long-lead HAMR and HSPT modules and expand forging capacity to meet ambitious 2026-2027 production targets. Directors’ participation in the placement signals strong alignment with shareholders and confidence in the company’s growth trajectory.
Advancing Critical Minerals Supply Chain
Complementing its manufacturing capabilities, IperionX is advancing the Titan Critical Minerals Project in Tennessee. The Definitive Feasibility Study (DFS) remains on track for completion in Q2 2026, supported by DoD funding. This project is poised to supply titanium feedstock and rare earth elements essential for defense and high-performance applications, positioning IperionX as a key player in securing a resilient U.S. critical minerals supply chain.
Market and Industry Implications
With strong customer engagement spanning automotive, aerospace, defense, and industrial sectors, IperionX is validating its circular titanium supply chain, including processing recycled scrap. The company’s modular production design offers flexibility to scale rapidly, meeting increasing demand for sustainable, traceable titanium products. This positions IperionX at the forefront of reshaping the U.S. titanium market amid growing geopolitical and supply chain pressures.
Bottom Line?
IperionX’s blend of technological innovation, government support, and capital infusion sets the stage for a transformative role in the U.S. titanium and critical minerals landscape.
Questions in the middle?
- How quickly can IperionX scale production to meet 2026-2027 targets?
- What impact will the Titan Project’s rare earths have on U.S. defense supply chains?
- How will evolving government policies influence IperionX’s growth and funding?
