IperionX Completes Acquisition of Breakthrough Titanium Technologies
Summary
IperionX’s technologies can produce a large range of high-strength forged titanium alloys, with class-leading sustainability and superior process energy efficiencies when compared to current industry methods. In August 2024, IperionX successfully commissioned the new HAMR furnace and delivered the first titanium deoxygenation production run in Virginia. “The acquisition of the award-winning intellectual property portfolio is an important milestone for IperionX – delivering direct control of the technologies and innovations that underpin our plans to re-shore an end-to-end, lower-cost U.S. titanium supply chain that is critical to America’s economic and national security.” Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, the Company’s ability to comply with the relevant contractual terms to access the technologies, commercially scale its closed-loop titanium production processes, or protect its intellectual property rights, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.