IPX News & Events

IperionX has released its 2026 letter from CEO Taso Arima, which read in part, "We enter 2026 in a strong position, well-placed to advance America's reindustrialization by both reshoring and building the world's lowest-cost titanium supply chain through American innovation. In doing so, we are proud to support the President's mission to bring strategic manufacturing home and restore America's industrial strength. For decades, the United States has relied on foreign sources for titanium, a metal essential to aerospace & defense, shipbuilding, and advanced industries, economy and national security to risks from abroad. No longer. With the assistance of the U.S. Department of War and our long-term shareholders, our patented technologies are now operating on a commercial scale in Virginia; re-shoring the production of high-performance titanium to America at the lowest costs globally. Our strategy is clear and ambitious: a fully integrated, sovereign platform that converts low-cost domestic scrap and minerals into the highest-performance products. By eliminating waste, shortening lead times, and driving costs steadily lower, we are redefining the economics of titanium and reclaiming American leadership in a metal vital to national security. Our HAMR and HSPT technologies embody American ingenuity comparable to historic breakthroughs such as the Bessemer process for steel, the Hall-Heroult process for aluminum, and Nucor's electric arc furnace revolution - advances that dramatically reduced costs, enabled mass adoption, and powered American industry to global preeminence. Refined over more than a decade, from laboratory to pilot to full commercial scale in Virginia, these technologies are now proven and scaling reliably. The past two years have been focused on the disciplined work of industrialization: commissioning facilities, achieving operational readiness, and turning scientific innovation into consistent commercial output. In 2026, we advance with purpose, ramping deliveries, achieving steady-state operations, lowering unit costs, and supplying high-performance titanium components to key customers, vital U.S. defense programs, and America's resurgent industrial and maritime sectors. Our priorities for the year remain focused on: Operational Excellence: Embedding utilization, yield, and reliability into every process, turning manufacturing discipline into lasting competitive advantage. Advanced Manufacturing: Building on low-cost powder to deliver near-net-shape parts through powder metallurgy, forging, and additive manufacturing that will reshape entire industries. 7x Expansion: Advancing a major expansion of production capacity in Virginia to approximately 1,400 tons per annum, with commissioning targeted for mid-2027, further lowering costs and broadening access to new markets. Commercial Programs: Converting strong pipelines of prototypes into recurring orders and enduring partnerships."

IperionX has received a $0.3M prototype purchase order from American Rheinmetall for the production of 700 lightweight titanium components for U.S. Army heavy ground combat systems. This initial purchase order has the potential to lead to a significantly larger agreement upon successful delivery of this initial scope of work.

IperionX announces that the U.S. Department of War, DoW, through its Industrial Base Analysis and Sustainment, IBAS, program, has obligated the final $4.6M under IperionX's previously awarded $47.1M award. The funds will be applied to the scale-up of titanium production and advanced manufacturing capacity at IperionX 's Titanium Manufacturing Campus, enabling output of up to 1,400 metric tons per year. Additionally, the U.S. Government has transferred ~290 metric tons or high-quality titanium alloy scrap metal to IperionX for no cost, which is material that is surplus to its needs. The scrap metal is equivalent to approximately 1.5 years' worth of IperionX's titanium feedstocks at the existing full operating capacity of 200 metric tons per year. IperionX currently holds ~90 metric tons of titanium scrap metal in inventory at its facility, exclusive of the 290 metric tons to be transferred by the U.S. Government.