IperionX Limited, is pleased to release its plans to accelerate U.S. titanium buildout and deliver the largest scale and lowest unit-cost production:

Commercial scalability validated by higher titanium production capacity and lower unit costs

- Nameplate titanium powder capacity increased by 60% to 200 metric tons per year (tpa), driven by operational and technology process improvements with no additional capex

- Projected titanium powder unit costs fall to ~US$55/kg at full utilization (from prior estimate of US$75/kg)

- Structured process innovation and improvement program in execution, targeting additional titanium capacity in 2026

- Titanium manufacturing sales expected to scale progressively, with a positive EBITDA inflection point by year- end 2026

- The successful commissioning and increased capacity confirm the scalability of the HAMR and HSPT technologies to industrial scale, providing a platform to revolutionize the titanium industry

U.S. DoD backed expansion by mid-2027 has commenced, to become the largest volume & lowest cost U.S. producer

- Accelerated 7x expansion in titanium production capacity to 1,400 tpa, positioning IperionX to be the largest volume and lowest-cost American titanium powder producer, targeting titanium powder unit cost of ~US$29/kg at full utilization

- Low-capital intensity, with expansion capital of ~US$75m, including contingency, funded by U.S. DoD award of US$47.1m, existing cash of $101mi, and prospective DoD SBIR Phase III task orders of $99m

- Parallel rapid scaling of advanced titanium manufacturing capacity – powder metallurgy, forging, and additive systems to deliver integrated titanium supply chain capabilities

Accelerated growth targets global market and cost leadership in high-performance titanium components

- Roadmap to scale titanium capacity in high-performance titanium components, targeting cost competitiveness with stainless steel and aluminum

- IperionX aims for global leadership in advanced manufacturing of high-performance titanium components of +10,000 tpa by 2030

- Technology-driven cost advantage – the patented titanium HAMR and HSPT technologies significantly increase manufacturing yields, while cutting process steps, energy and capex intensity, for long-term cost advantage

- Scale resets the titanium cost curve – the modular process technologies scale efficiently to deliver unit-cost leadership and push the titanium cost curve structurally lower

Anastasios (Taso) Arima, IperionX CEO said:

“Our technology and process improvements at our Virginia Titanium Manufacturing Campus have lifted nameplate titanium powder capacity to 200 tpa – and laid the groundwork for a seven-fold scale-up in titanium production to 1,400 tpa in 2027. In parallel, we’re rapidly scaling our powder metallurgy, HSPT forging and additive systems to manufacture high-performance American-made titanium components.

With a leading patented technology portfolio, we’re engineering a step-change reduction in the cost of manufacturing titanium components and building a fully integrated U.S. titanium supply chain that can serve our defense, aerospace, automotive and consumer electronics customers.”