IperionX Limited

(AI video summary)

This video was created on 26 September 2025 for IG audiences by ausbiz.

ASX code: IPX

IperionX surges on US Department of Defense funding

IperionX, a key player in titanium production, received a substantial financial boost from the United States (US) Department of Defense. The department, referred to humorously as the 'Department of War', delivered $25 million as part of an earlier committed $47.1 million package. This funding is set to accelerate IperionX’s initiative to fully integrate a titanium supply chain, moving from raw minerals to finished metal products.

Strong partnerships and market potential

The company benefits from collaboration with significant clients, including Ford and Lockheed Martin, enhancing its credibility in the critical minerals sector. Valued at approximately $2.5 billion, with $100 million in cash reserves, IperionX's Tyson Project is a major titanium resource undertaking. However, the valuation remains daunting, especially for a pre-production company.

Investment outlook

There is a broader trend of onshoring critical minerals and additive powder operations in the US. IperionX is positioned to capitalise on this movement, yet uncertainties around revenue generation and cash flow remain until full-scale production is achieved. Investors with a long-term view or those riding the wave of current thematic preferences might find this an interesting opportunity, albeit with risks.