IperionX Limited announced on August 26, 2025, that the U.S. Department of Defense (DoD) obligated US$12.5 million under its previously announced US$47.1 million award. This funding aims to accelerate the scale-up of a resilient, low-cost, and fully-integrated U.S. mineral-to-metal titanium supply chain.
The US$12.5 million will be applied to purchase orders for long-lead, major capital equipment required for the next stage of capacity scale-up to over 1,000 metric tons per year at the Virginia Titanium Manufacturing Campus. Major incremental capacity categories include titanium deoxygenation, sintering, and powder metallurgy consolidation systems.
This obligation follows US$5 million previously obligated to advance the Titan Critical Minerals Project. Total funding obligations received under the DoD award now stand at US$17.5 million, with the remaining US$29.6 million expected to be obligated over the contract term to support additional titanium production capacity.
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