IperionX receives US$6.6 million US defense funding

• IperionX (NASDAQ:IPX; ASX:IPX) was awarded up to $6.6 million under a U.S. defense industrial base program.
• The funding supports scaling domestic production of ballistic-grade titanium plate and military titanium components in Virginia.
• The company also received a separate U.S. Army order for titanium fasteners used in the JLTV program.

IperionX (NASDAQ:IPX) received up to $6.6 million from the Office of the Secretary of War – Submarine Workforce and Industrial Base program to expand U.S. titanium production for defense applications.

The award reflects broader efforts to strengthen domestic supply chains for advanced titanium materials compared with reliance on more traditional global sourcing structures.

The funding will support production of ballistic-grade titanium plate and large-format military components at IperionX’s Titanium Manufacturing Campus in Virginia.

The program is structured in two phases, including an initial $0.2 million scoping stage followed by up to US$6.4 million for scaling manufacturing capacity and capital equipment.

The company said it is collaborating with the George H.W. Bush Combat Development Complex and the U.S. Army DEVCOM Army Research Laboratory to accelerate validation and deployment of titanium products.

IperionX also said it received an additional purchase order from the U.S. Army Ground Vehicle Systems Center to supply titanium fasteners for the JLTV platform.

The company said the initiative supports its strategy to build a low-cost, domestic titanium supply chain for defense and industrial customers.