Associated tags: Titan, Project Titan, 3D, Carbon, Titanium, IPX, Manufacturing, ASX, Recycling, Minerals, Natural Resources, Mining, Machine Tools, Metalworking & Metallurgy, Other Manufacturing, Aerospace, Environment, Engineering, Automotive Manufacturing
Locations: TENNESSEE, UTAH, HALIFAX COUNTY, UT, AUSTRALIA/OCEANIA, AUSTRALIA, UNITED STATES, NORTH AMERICA, NORTH CAROLINA, VIRGINIA, KROLL
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Associate IperionX Limited (NASDAQ: IPX, ASX: IPX) and Vegas Fastener Manufacturing, LLC (Vegas Fastener) have agreed to partner to develop and manufacture titanium alloy fasteners and precision components with IperionX’s advanced titanium products.
Key Points:
- IperionX Limited (NASDAQ: IPX, ASX: IPX) and Vegas Fastener Manufacturing, LLC (Vegas Fastener) have agreed to partner to develop and manufacture titanium alloy fasteners and precision components with IperionX’s advanced titanium products.
- View the full release here: https://www.businesswire.com/news/home/20240501104505/en/
Figure 1: High-performance fasteners manufactured by Vegas Fastener (Photo: Business Wire)
Vegas Fastener, headquartered in Las Vegas, Nevada, is a global leader in the development and manufacturing of high-performance fasteners and custom machined components.
- Vegas Fastener develops and manufactures precision high-performance fasteners using specialized alloys to meet demanding quality specifications.
- The combined strengths and expertise of Vegas Fastener and IperionX will produce innovative solutions for customers and strengthen America’s manufacturing independence.”
Machine Tools, Metalworking & Metallurgy,
Other Natural Resources,
Mining,
Minerals,
Manufacturing,
Natural Resources,
Other Manufacturing,
Machinery,
Hydrogen,
ASX,
Titanium,
IPX,
HAMR,
Multimedia Key Points:
- View the full release here: https://www.businesswire.com/news/home/20240426726200/en/
Figure 1: HAMR Titanium Furnace at the IperionX Titanium Production Facility (Photo: Business Wire)
The Hydrogen Assisted Metallothermic Reduction (HAMR TM) titanium furnace has been delivered and successfully installed, with first energization and commissioning on track to commence in Q2 2024.
- The advanced HAMR furnace is similar in scale to a traditional single-unit Kroll titanium furnace, and enhances IperionX’s manufacturing capabilities with numerous competitive advantages.
- These manufacturing advancements are supported by IperionX's portfolio of patented technologies that can produce titanium powders, semi-finished titanium products, near-net shape forged titanium products, and additively manufactured titanium components.
- “The deployment of our advanced HAMR titanium furnace at the Virginia facility is another crucial step to re-shore a full ‘end to end’ titanium supply chain within the United States.
Machine Tools, Metalworking & Metallurgy,
Other Natural Resources,
Mining,
Minerals,
Manufacturing,
Natural Resources,
Other Manufacturing,
Machinery,
Sale,
United,
Titanium dioxide,
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General Electric,
Framework,
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Original equipment manufacturer,
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BorgWarner,
General Motors,
Corrosion,
BAE Systems,
Lockheed Martin,
Lucid Motors,
Multimedia IperionX Limited (NASDAQ: IPX, ASX: IPX) has signed a framework agreement with United Stars Holdings, Inc. (United Stars) with terms that will underpin a definitive commercial supply agreement for IperionX’s titanium products.
Key Points:
- IperionX Limited (NASDAQ: IPX, ASX: IPX) has signed a framework agreement with United Stars Holdings, Inc. (United Stars) with terms that will underpin a definitive commercial supply agreement for IperionX’s titanium products.
- United Stars expects to purchase up to 80 metric tons annually of IperionX’s high-performance, low cost and sustainable titanium products over a 10-year supply term.
- An expanded list of United Stars customers can be found in the “About United Stars” section at the end of this announcement.
- The Framework Agreement is effective from April 12, 2024 until the execution of the definitive titanium supply agreement, and can be cancelled by IperionX or United Stars with 60 days written notice.
Retrieved on:
Wednesday, February 14, 2024
Machine Tools, Metalworking & Metallurgy,
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HAMR,
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Laboratory,
Extrusion This large-scale titanium furnace is expected to be installed within the Titanium Production Facility during the second quarter, paving the way for the production of titanium metal in mid-2024.
Key Points:
- This large-scale titanium furnace is expected to be installed within the Titanium Production Facility during the second quarter, paving the way for the production of titanium metal in mid-2024.
- A critical IperionX production asset, this large-scale, industrial titanium furnace leverages patented company technologies, such as HAMR1 and HSPT2, to produce sustainable, high-quality and high-strength titanium metal products at commercial scale.
- In 2023, the IperionX technical team successfully completed two full-scale titanium production test runs that surpassed the core target production parameters for the Titanium Production Facility.
- Construction Progress - Titanium Production Facility, Virginia
Construction of the Titanium Production Facility is advancing to schedule, with the HAMR titanium furnace expected to be commissioned and to produce first titanium metal in mid-2024.
Retrieved on:
Tuesday, January 16, 2024
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Rare-earth element IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to release a letter to shareholders from the Company’s Chief Executive Officer Anastasios Arima.
Key Points:
- IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to release a letter to shareholders from the Company’s Chief Executive Officer Anastasios Arima.
- In October, we received a Letter of Interest from the U.S. Export-Import Bank for the provisional sum of US$11.5 million.
- I would like to thank the IperionX team for their relentless efforts and remarkable achievements in 2023.
- I also want to express our appreciation to all our stakeholders, including our long-term shareholders, our customers, suppliers and government associates.
Retrieved on:
Wednesday, November 29, 2023
Other Manufacturing,
Environment,
Professional Services,
Manufacturing,
Sustainability,
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Environmental, Social and Governance (ESG),
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ASX,
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Sustainability reporting,
Multimedia,
ESG,
Social IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to release the Company's 2023 Sustainability Report, which shares our Environment, Social, and Governance (ESG) vision and execution.
Key Points:
- IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to release the Company's 2023 Sustainability Report, which shares our Environment, Social, and Governance (ESG) vision and execution.
- This press release features multimedia.
- View the full release here: https://www.businesswire.com/news/home/20231129534028/en/
IperionX 2023 Sustainability Report (Photo: Business Wire)
Retrieved on:
Wednesday, November 8, 2023
Natural Resources,
Manufacturing,
Mining,
Minerals,
Steel,
Titan,
Fidelity International,
Placement,
Titanium,
United States Department of Defense,
Financial adviser The Placement was led by existing shareholders, B Riley Principal Investments, Fidelity International, Inherent Group, and one of the world’s largest asset managers, confirming their support for IperionX’s plans to re-shore U.S. titanium production, scale IperionX’s patented titanium technologies, advance the Titan Critical Mineral Project and for general corporate purposes.
Key Points:
- The Placement was led by existing shareholders, B Riley Principal Investments, Fidelity International, Inherent Group, and one of the world’s largest asset managers, confirming their support for IperionX’s plans to re-shore U.S. titanium production, scale IperionX’s patented titanium technologies, advance the Titan Critical Mineral Project and for general corporate purposes.
- IperionX’s technology and patent portfolio advisor, Mr. Ray Nimrod, participated in the placement, and is a significant long-term shareholder and advisor to the Company.
- Ray is a renowned expert in technology patent law, representing a range of leading technology clients, including multiple Fortune 100 companies.
- IperionX has significantly bolstered its capital position with up to US$40.9 million in new funding, made up of:
US$12.7 million grant from U.S. Department of Defense
This robust financial position provides a strong platform for IperionX to accelerate plans to re-shore U.S. titanium production with the development of the advanced Titanium Production Facility in Halifax County, Virginia.
Retrieved on:
Wednesday, November 1, 2023
Machine Tools, Metalworking & Metallurgy,
Defense,
Mining,
Minerals,
Manufacturing,
Natural Resources,
Other Manufacturing,
Contracts,
ASX,
Export–Import Bank Reauthorization Act of 2012,
U.S. Department of Defense Strategy for Operating in Cyberspace,
US,
Assistant,
Titanium,
United States Department of Defense,
DPA,
Multimedia,
Hydrogen,
Exim Bank,
Defense Production Act of 1950,
Corrosion,
Kroll process,
IPX,
Arms industry,
Recycling The United States has limited domestic primary titanium metal (titanium sponge) capacity and currently imports over 95% of the titanium sponge required for the U.S. defense sector.
Key Points:
- The United States has limited domestic primary titanium metal (titanium sponge) capacity and currently imports over 95% of the titanium sponge required for the U.S. defense sector.
- IperionX intends to re-shore a full titanium supply chain to the U.S. to reduce the acute reliance on titanium imports from foreign nations and strengthen the titanium supply chain for critical defense and advanced industries.
- IperionX will apply the US$12.7 million U.S. DoD grant funding towards building a 125 metric tons per annum titanium production facility in Halifax County, Virginia, with first production expected in 2024.
- IperionX has the potential to deliver a full U.S. titanium supply chain from titanium mineral production to the manufacturing of high performance titanium products, and the unique ability to use 100% recycled scrap titanium.
Retrieved on:
Thursday, October 19, 2023
Other Manufacturing,
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Minerals,
Machine Tools, Metalworking & Metallurgy,
Defense,
Natural Resources,
ASX,
Government,
EXIM,
Titanium,
Exim Bank,
Hydrogen,
Export–Import Bank of the United States,
Corrosion,
LOI,
Letter,
IPX,
Financial services,
Iron ore IperionX intends to apply equipment finance from EXIM Bank towards key production assets including industrial furnaces and comminution equipment, expected to cost approximately $11.5 million.
Key Points:
- IperionX intends to apply equipment finance from EXIM Bank towards key production assets including industrial furnaces and comminution equipment, expected to cost approximately $11.5 million.
- IperionX plans to build a 125 metric ton per annum titanium production facility in Virginia, with first production expected in 2024.
- IperionX has the potential to deliver a full U.S. titanium supply chain from titanium mineral production to the manufacturing high performance titanium products, and the unique ability to use 100% recycled scrap titanium.
- While the LOI is non-binding and conditional, the potential funding support from EXIM Bank provides IperionX with a strong foundation as it advances a range of competitive funding options for its proposed Titanium Production Facility.
Other Defense,
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ASX,
Online shopping IperionX Limited (“IperionX” or “Company”) (Nasdaq: IPX, ASX: IPX) is pleased to release an updated corporate presentation, detailing plans for the advancement of the Company's breakthrough, sustainable and low-cost titanium technologies.
