IperionX Technology, a small-cap company specializing in high-performance titanium alloys, is raising $25 million in equity funding alongside a grant from the US Department of Defence. The company recently won a $12.7 million award under the Defence Production Act Investment program and aims to produce 10,000 million tonnes of titanium metal powder within five years.
IperionX Technology, a small-cap darling focused on producing high-performance titanium alloys , was flaunting its just-announced grant from the US Department of Defence as it knocked together an equity raising on Tuesday morning.Street Talk understands IperionX sent out stockbroker Bell Potter to find backers for $25 million to go alongside the US DoD award. Sources said IperionX’s largest shareholders, including Fidelity and B.
It noted that IperionX makes titanium alloys from titanium minerals or 100 per cent recycled materials, and wants to produce 10,000 million tonnes of titanium metal powder within five years. The award would help IperionX commission and scale up its facility in Virginia to a demonstration plant.Advertisement
Iperionx Technology Titanium Alloys US Department Of Defence Equity Raising Grant Funding Defence Production Act Investment Program
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