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An announcement from Iperionx Limited ( (AU:IPX) ) is now available.
IperionX Limited has received an additional $25 million from the U.S. Department of War to accelerate the scale-up of its titanium production at its Virginia manufacturing campus, bringing total obligations to $42.5 million. This funding supports the development of a resilient, low-cost titanium supply chain to strengthen the U.S. defense industrial base, reducing reliance on imports and ensuring a secure domestic source of critical materials.
The most recent analyst rating on (AU:IPX) stock is a Buy with a A$9.25 price target. To see the full list of analyst forecasts on Iperionx Limited stock, see the AU:IPX Stock Forecast page.
More about Iperionx Limited
IperionX is a prominent American company specializing in titanium metal and critical materials, utilizing patented technologies to produce high-performance titanium alloys from minerals or scrap titanium. The company focuses on reducing energy consumption, costs, and carbon emissions. IperionX’s Titan critical minerals project is the largest JORC-compliant resource of titanium, rare earth, and zircon mineral sands in the U.S., supporting industries such as space, aerospace, defense, consumer electronics, hydrogen, automotive, and additive manufacturing.
Average Trading Volume: 1,742,172
Technical Sentiment Signal: Buy
Current Market Cap: A$2.37B
See more insights into IPX stock on TipRanks’ Stock Analysis page.