ASX:IPXMetals and Mining
Why IperionX (ASX:IPX) Is Down 19.2% After Landing a US$300,000 Defense Prototype Order
IperionX recently received a US$300,000 prototype purchase order from American Rheinmetall to supply 700 lightweight titanium components for U.S. Army heavy ground combat systems, manufactured in Virginia using its patented HAMR and HSPT technologies and 100% recycled titanium feedstock.
This order, combined with fully commissioned equipment at its Titanium Manufacturing Campus and a fully obligated US$47.1 million U.S. Department of War award to expand capacity to 1,400 tons of titanium...