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Stock impact report

IperionX Awarded $47.1M by the U.S. DoD to Secure U.S. Titanium Supply Chains [Yahoo! Finance]

IperionX Limited (IPX) 
Company Research Source: Yahoo! Finance
3 min read In This Article IPX TAOFF CHARLOTTE, N.C., February 18, 2025 BUSINESS WIRE IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to announce that it has been awarded a contract for up to US$47.1 million in funding by the U.S. Department of Defense (DoD) to strengthen the U.S. Defense Industrial Base by accelerating development of a resilient, low-cost, and fully-integrated U.S. mineral-to-metal titanium supply chain. This strategic partnership represents a combined investment of US$70.7 million between IperionX and the DoD to fund a two-phase development program over a two-year period. The agreement aims to strengthen U.S. titanium production capabilities, supporting national security and economic resilience. As Read more
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