IperionX Limited (IperionX) is a sustainable producer of titanium critical minerals, titanium powders, and titanium end products for a wide range of industries.
Titanium is prized for its high strength-to-weight ratio and its resistance to high temperatures and corrosion. Titanium is used in numerous advanced industries, including consumer electronics, aerospace, defense, medical, bicycles, additive manufacturing, hydrogen, and automotive. IperionX sells titanium alloys and manufactured titaniu...
IperionX Limited (IperionX) is a sustainable producer of titanium critical minerals, titanium powders, and titanium end products for a wide range of industries.
Titanium is prized for its high strength-to-weight ratio and its resistance to high temperatures and corrosion. Titanium is used in numerous advanced industries, including consumer electronics, aerospace, defense, medical, bicycles, additive manufacturing, hydrogen, and automotive. IperionX sells titanium alloys and manufactured titanium products directly to these customers. Its future products may include manufactured titanium components, titanium powders for additive manufacturing and powder metallurgy, and traditional titanium plates, bars, rods, and wires. The company offers a range of titanium alloys, including aerospace grade titanium alloys and other high performance titanium alloys.
IperionX has two key value drivers:
Titanium: IperionX is actively scaling the technologies to produce high performance titanium alloys and products at lower costs, with zero Scope 1 and 2 emissions, from either scrap titanium or titanium minerals. IperionX produces titanium products made from scrap titanium at its IPF in Utah and is in the process of commissioning a larger-scale titanium production facility in Virginia; and
Critical Minerals: IperionX owns the Titan critical minerals project (the ‘Titan Project’) in Tennessee, which is one of the largest permitted titanium, zircon, and rare earth mineral resources, reported in accordance with the JORC Code (2012 Edition), in the United States.
Titanium
Titanium is a strong, lightweight metal with important material properties for applications in consumer electronics, aerospace, defense, medical, additive manufacturing, hydrogen, and automotive. A range of titanium alloys is recognized for its high strength-to-weight ratio and excellent corrosion resistance that exceed many stainless steel and aluminum alloys. However, titanium’s high production and manufacturing cost has historically been a key factor in hindering its widespread application versus other structural metals such as stainless steel and aluminum.
IperionX has developed an innovative ‘end-to-end’ American titanium supply chain solution, that spans from the production of domestically sourced titanium minerals, the technology to upgrade these minerals to +99% TiO2, as well as the ability to utilize the largest range of recycled scrap titanium as feedstocks for low-cost titanium metal production.
IperionX’s technologies produce lower-cost and high-quality titanium metal powder that can be used to produce titanium semi-finished stock products, near-net forged titanium alloy shapes and high-performance final titanium parts. A significant reduction in the end-to-end cost of manufacturing titanium parts has the potential to increase the application of titanium to a wider range of markets, such as automotive and transport, consumer electronics, aerospace and defense, energy, medical, industrial, and luxury goods.
Mineral Properties
IperionX holds a 100% interest in the Titan Project, covering more than 11,000 acres of mineral properties in western Tennessee, which it considers prospective for critical minerals, including titanium, rare earth elements, silica sand, and zircon. As of June 30, 2024, the book carrying value of the Titan Project was US$6.1 million.
Regulations
IperionX’s business operations, including the technologies and the Titan Project, be required to comply with applicable environmental protection laws and regulations, and licensing and permitting requirements. The material environmental, health, and safety laws and regulations that it must comply with include, among others, the following United States federal laws and regulations are:
National Environmental Protection Act (‘NEPA’), which requires careful evaluation of the environmental impacts of extraction operations that require federal approvals;
Clean Air Act (‘CAA’) and its amendments, which governs air emissions;
Clean Water Act (‘CWA’), which governs discharges to and excavations within the waters of the United States;
Safe Drinking Water Act (‘SDWA’), which governs the underground injection and disposal of wastewater;
Resource Conservation and Recovery Act (‘RCRA’), which governs the management of solid waste;
Comprehensive Environmental Response, Compensation, and Liability Act (‘CERCLA’), which imposes liability where hazardous substances have been released into the environment (commonly known as Superfund); and
Federal Mine Safety and Health Act, which established the primary safety and health standards regarding working conditions of employees engaged in extraction, related operations, and preparation and milling of the minerals extracted, as well as the Occupation Safety and Health Act, which regulates the protection of the health and safety of workers to the extent such protection is not already addressed by the Federal Mine Safety and Health Act.
History
IperionX Limited was incorporated in 2017. The company was formerly known as Hyperion Metals Limited and changed its name to IperionX Limited in February 2022.