IperionX to Raise $67 Million for Expanding Titanium Operations

IperionX

Integrated titanium producer IperionX, based in North Carolina, announced plans to raise A$100 million ($67 million) through a stock placement on the Australian Securities Exchange (ASX). The funds will support the expansion of its titanium manufacturing operations in Virginia, bolstering its capabilities in titanium production and processing.

Allocation of Funds

The proceeds from the stock sale will be used for:

• Expansion of the Virginia titanium complex through feasibility studies and equipment upgrades.
• Intellectual property acquisitions.
• Working capital and other corporate needs.

The company disclosed that 31.25 million new shares will be issued in two tranches. Approximately 30.7 million shares are scheduled to be issued on October 25, while an additional 593,750 shares, valued at about $1.3 million, will be issued to IperionX executive chairman Todd Hannigan, pending shareholder approval.

Strategic Investment for Titanium Growth

This capital raise aligns with IperionX's strategy to scale its titanium operations, leveraging its proprietary technologies for low-carbon, sustainable titanium production. The Virginia facility, a key part of IperionX's integrated titanium supply chain, aims to meet growing demand for titanium across industries such as aerospace, defense, and additive manufacturing.

The move further cements IperionX’s position in the global titanium market, as the company continues to innovate and expand its production capacity in the U.S.