IperionX completed a $50 million funding round, issuing 26.2 million new shares at $1.91 each. The placement occurred in two tranches.

The focus is on expanding titanium manufacturing in Virginia, USA.

Funds will buy equipment, advance engineering studies, and increase annual production to 2,000 metric tons. Executive Chairman Todd Hannigan invested $6.1 million.

Additional shares will be issued to directors after receiving post-shareholder approval.