IperionX Secures IBAS Funding, EXIM Loan to Boost 1,400 tpa Titanium Capacity
IperionX has received US Department of Defense IBAS funding to scale its Virginia Titanium Manufacturing Campus toward 1,400 tonnes per annum capacity, leveraging its Titan project’s JORC-compliant resource. The company also secured an EXIM loan to finance expanded US titanium manufacturing equipment, strengthening its domestic supply chain.
1. IBAS Funding to Scale Virginia Campus
IperionX received Industrial Base Analysis and Sustainment (IBAS) funding from the US Department of Defense aimed at scaling its Virginia Titanium Manufacturing Campus. The funds will support process optimization and plant upgrades to reach approximately 1,400 tonnes per annum of titanium alloy production capacity.
2. EXIM Loan for Manufacturing Equipment
The company secured an Export-Import Bank (EXIM) loan to finance new manufacturing equipment at its Virginia facility. This financing will facilitate the purchase of advanced furnaces, machining tools, and downstream processing units to expand domestic titanium production capabilities.
3. Titan Project Anchors Supply Chain
IperionX’s Titan critical minerals project, the largest JORC-compliant resource of titanium, rare earths, and zircon in the US, underpins its supply chain strategy. The project’s mineral inventory provides feedstock for the Virginia campus, reducing reliance on imported materials and aligning with defense procurement requirements.