IperionX Limited announced on September 26, 2025, that the U.S. Department of War (DoW), through its Industrial Base Analysis and Sustainment (IBAS) program, obligated an additional US$25 million. This funding is part of IperionX’s previously awarded US$47.1 million award.
The additional obligation will be applied to the scale-up of titanium production and advanced manufacturing capacity at IperionX’s Titanium Manufacturing Campus. This will enable an output of up to 1,400 metric tons per year (tpa).
This latest obligation follows prior tranches of US$12.5 million and US$5 million, which funded long-lead items for titanium manufacturing equipment and advanced the Titan Critical Minerals Project. Total obligations now stand at US$42.5 million, with the remaining US$4.6 million expected to be obligated over the contract term.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.