IPERIONX Business Summary

IperionX Ltd (IPX) operates a vertically integrated business model focused on the production of low-cost, sustainable titanium metal and critical minerals. The company generates revenue through two primary segments: Titanium Production & Advanced Manufacturing, which utilizes patented Hydrogen Assisted Metallothermic Reduction (HAMR) and Hydrogen Sintering and Phase Transformation (HSPT) technologies to produce high-performance titanium powders and components from 100% recycled scrap; and Critical Minerals, centered on the Titan Project in Tennessee for the extraction of titanium, rare earth elements, and zircon. By bypassing the traditional, energy-intensive Kroll process, IperionX aims to reshore the U.S. titanium supply chain with a circular economy approach. Direct competitors include 6K Additive, Howmet Aerospace, ATI Inc., and Titanium Metals Corporation (TIMET). IperionX positions itself as a disruptive, low-carbon alternative, leveraging its Virginia-based manufacturing campus to become the largest and lowest-cost domestic producer of titanium powder for the aerospace, defense, and consumer electronics sectors. The company is led by Founder and CEO Anastasios (Taso) Arima, a resource executive who previously founded Piedmont Lithium and has a proven track record of developing critical mineral projects in North America. Executive Chairman Todd Hannigan brings over 25 years of global experience in natural resources, having previously served as CEO of Aston Resources and in leadership roles at Xstrata Coal. The executive team is further supported by Co-founder and COO W. Sparks, President and Chief Strategy Officer Toby Symonds, and CFO Marcela Rocha De Castro. IperionX’s board features high-pedigree industry veterans, including Lead Independent Director Lorraine Martin, former Executive Vice President at Lockheed Martin, and Independent Director Tony Tripeny, former CFO of Corning Incorporated. The company maintains significant strategic backing from the U.S. Department of Defense, which has obligated over $47 million in grant funding through the Industrial Base Analysis and Sustainment (IBAS) program to accelerate the commercial scale-up of its domestic titanium production capacity.