ASX:IPXMetals and Mining
IperionX (ASX:IPX) Is Up 12.6% After Major US Defense Funding Boost - What's Changed
IperionX has completed a US$47.1 million U.S. Department of War IBAS award and progressed a U.S. Department of Defense contract of up to US$99 million to scale its Virginia Titanium Manufacturing Campus, backed by a free transfer of about 290 metric tons of Ti64 titanium scrap feedstock.
This combination of long-term government funding, free raw material supply and an operational U.S. manufacturing campus strengthens IperionX’s role in domestic titanium production for defense uses.
We’ll now...