IperionX (NASDAQ: IPX) is a publicly traded Advanced Metals & Metallurgy company founded in 2017 and based in Charlotte, United States.
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
US defense supply-chain pressure grows to source rare-earth magnets outside China.

US accelerates rare earth refining as China curbs defense mineral exports.
IperionX's core technology is HAMR (Hydrogen Assisted Metallothermic Reduction), a patented process that produces high-quality titanium metal and powder from either recycled titanium scrap or domestic mineral feedstock. Unlike the century-old Kroll process, HAMR can use 100% recycled scrap and runs at lower temperature and energy, cutting cost and carbon. Combined with the company's HSPT powder-consolidation step, it yields titanium powder and components suited to additive manufacturing, forging and machining for aerospace, defense and industrial customers, forming the basis of a domestic, lower-emission titanium supply chain.
The Titan project in Tennessee is IperionX's domestic source of titanium, zircon and rare earth mineral feedstock, intended to vertically integrate the company's US titanium supply chain. By pairing mined and recycled feedstock with its HAMR and HSPT processing, IperionX aims to produce titanium products entirely within the United States, reducing reliance on imports from China and other foreign suppliers. The project complements the Virginia Titanium Manufacturing Campus, where capacity is being scaled toward roughly 1,400 tonnes per year of titanium products with US government support.
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