IperionX Limited (NASDAQ: IPX, ASX: IPX), a leading innovator in the production of recycled titanium, is excited to announce it has secured all material permits required to construct and operate the world's largest 100% recycled Titanium Demonstration Facility (TDF) in Virginia.
The permits, including the Industrial Wastewater Discharge permit and the New Source Review permit, have been granted by the Halifax County Service Authority and the Virginia Department of Environmental Quality respectively. These permits also accommodate the anticipated modular expansion of the TDF to Titanium Demonstration Facility (TCF-1) capacity, designed to become the world's largest recycled titanium powder plant with 1,125 tpa of production capacity by the end of 2025.
“All major engineering works for the planned Stage 1 TDF are now complete, with key long lead time equipment ordered and procurement underway,” stated IperionX. The commencement of construction fit-out works is scheduled for Q3 2023, with the Halifax County Development Authority backing the project through an investment of up to US$4m.
IperionX plans to pioneer the production of UL validated 100% recycled, low carbon titanium. Leveraging its existing Industrial Pilot Facility in Salt Lake City, the company aims to ramp up production in the new facility with zero Scope 1 & 2 emissions, producing titanium metal powder with the lowest carbon intensity on the market.
As IperionX’s CEO, Anastasios (Taso) Arima, said, “Securing all major permits is an important milestone in developing the world’s largest 100% recycled titanium plant and is a credit to the successful work of the IperionX development team, Halifax County, Virginia and regulatory agencies.”
IperionX has a robust strategy aimed at reducing the U.S.A.'s reliance on titanium imports, while simultaneously mitigating environmental impacts associated with conventional titanium metal production methods. By reshoring titanium metal production, IperionX aims to drive domestic efforts in re-shoring critical mineral and material supply chains, backed by potential U.S. government funding programs and incentives.
Arima added, “With the successful development of this project, IperionX will be the only commercial primary titanium metal producer in the U.S., with the capacity to deliver low carbon and low-cost titanium for advanced American industries.”
About us:
IperionX’s mission is to be the leading developer of low carbon titanium for advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX holds an exclusive option to acquire breakthrough titanium technologies that can produce titanium products that are low carbon and fully circular. IperionX is producing titanium metal powders from titanium scrap at its operational pilot facility in Utah, and intends to scale production at a Titanium Demonstration Facility in Virginia. IperionX holds a 100% interest in the Titan Project, which has the largest JORC-compliant resource of titanium, rare earth and zircon rich minerals sands in the U.S.A.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au
