IperionX Titanium Expansion: $47mn Raise to Scale US Titanium Powder

IperionX Titanium

IperionX titanium expansion accelerates with a planned $47mn capital raise. The IperionX titanium expansion targets angular titanium powder output of 2,000 t/yr by end-2026. This IperionX titanium expansion also strengthens domestic titanium supply chains for aerospace, defense, and advanced manufacturing.

Capacity scale-up and product roadmap

IperionX will push phase-one operations beyond its 125 t/yr modular furnace nameplate. The company plans to build out forging capabilities to offer semi-finished and near-net-shape parts. Potential customers completed inspection and pre-qualification visits to its Virginia campus.

Financing structure and timeline

Funding will come via a private placement executed in two tranches. The first tranche is expected to close “on or about” Tuesday. The second tranche, for directors, remains subject to shareholder approval.

IperionX aims to expand angular titanium powder supply for additive manufacturing. Meanwhile, the company will diversify into forgings to widen its product portfolio. These steps support resilient US supply chains amid rising titanium demand.

The plan includes scaling to 2,000 t/yr of titanium powder by 2026. Therefore, IperionX positions itself as a key US titanium feedstock source. The company will leverage its modular furnace technology to lift throughput efficiently.

The Metalnomist Commentary

This raise is sized for industrial proof, not mega-capex. Execution hinges on furnace debottlenecking, qualification wins, and forging ramp economics. Watch for multi-year offtakes with aerospace tier-ones to validate the capacity target.