Iperionx Ltd (IPX) News & EventsIPXIperionx Ltd

IperionX Acquires Key Assets from Covia for $3M

IperionX announced it has entered into an agreement to acquire certain key assets associated with Covia Solutions' Camden, Tennessee silica sand operation for $3M. Camden is located adjacent to IperionX's Titan Project in Tennessee. All material conditions have been satisfied, with only standard administrative items remaining to complete the transaction. IperionX has agreed to assume Covia's obligation to reclaim certain property which includes re-grading, re-vegetation and stabilizing disturbed land. The company said, "This is a strategically important acquisition for IperionX and for the United States. Camden adds pre-processed stockpiled minerals, pre-stripped mineral horizons, mineral rights, processing equipment and infrastructure within the same McNairy critical mineral system that hosts Titan. By combining Covia's Camden assets with Titan, IperionX is consolidating one of America's most important mineral-sands province, creating exceptional synergies. Our goal is to build a resilient domestic platform that connects Tennessee critical minerals with downstream U.S. titanium metal production and advanced manufacturing in Virginia, while supporting future U.S. rare earth separation, magnet and advanced materials supply chains."

IperionX CEO Releases 2026 Letter Highlighting Titanium Supply Chain Reshaping

IperionX has released its 2026 letter from CEO Taso Arima, which read in part, "We enter 2026 in a strong position, well-placed to advance America's reindustrialization by both reshoring and building the world's lowest-cost titanium supply chain through American innovation. In doing so, we are proud to support the President's mission to bring strategic manufacturing home and restore America's industrial strength. For decades, the United States has relied on foreign sources for titanium, a metal essential to aerospace & defense, shipbuilding, and advanced industries, economy and national security to risks from abroad. No longer. With the assistance of the U.S. Department of War and our long-term shareholders, our patented technologies are now operating on a commercial scale in Virginia; re-shoring the production of high-performance titanium to America at the lowest costs globally. Our strategy is clear and ambitious: a fully integrated, sovereign platform that converts low-cost domestic scrap and minerals into the highest-performance products. By eliminating waste, shortening lead times, and driving costs steadily lower, we are redefining the economics of titanium and reclaiming American leadership in a metal vital to national security. Our HAMR and HSPT technologies embody American ingenuity comparable to historic breakthroughs such as the Bessemer process for steel, the Hall-Heroult process for aluminum, and Nucor's electric arc furnace revolution - advances that dramatically reduced costs, enabled mass adoption, and powered American industry to global preeminence. Refined over more than a decade, from laboratory to pilot to full commercial scale in Virginia, these technologies are now proven and scaling reliably. The past two years have been focused on the disciplined work of industrialization: commissioning facilities, achieving operational readiness, and turning scientific innovation into consistent commercial output. In 2026, we advance with purpose, ramping deliveries, achieving steady-state operations, lowering unit costs, and supplying high-performance titanium components to key customers, vital U.S. defense programs, and America's resurgent industrial and maritime sectors. Our priorities for the year remain focused on: Operational Excellence: Embedding utilization, yield, and reliability into every process, turning manufacturing discipline into lasting competitive advantage. Advanced Manufacturing: Building on low-cost powder to deliver near-net-shape parts through powder metallurgy, forging, and additive manufacturing that will reshape entire industries. 7x Expansion: Advancing a major expansion of production capacity in Virginia to approximately 1,400 tons per annum, with commissioning targeted for mid-2027, further lowering costs and broadening access to new markets. Commercial Programs: Converting strong pipelines of prototypes into recurring orders and enduring partnerships."