IperionX Limited (NASDAQ: IPX, ASX: IPX), a leading player in the critical minerals sector, is thrilled to announce that the Titan Critical Minerals Project ("Titan Project") has received full permitting from the Tennessee Department of Environment & Conservation. The project has also achieved positive results in its feasibility level metallurgical test work and is advancing its strategic financing and offtake partnerships.
Regulatory Milestone Achieved
The Tennessee Department of Environment & Conservation has confirmed that IperionX has met all regulatory permit requirements for the Titan Project. This milestone signifies that the project is now fully permitted for development and operations. The Titan Project is a vital, fully permitted, U.S. critical mineral initiative, strategically positioned to significantly reduce America's acute reliance on critical mineral imports from foreign nations.
Feasibility Metallurgical Test Work
The company is pleased to report that the feasibility level metallurgical test work has shown a material increase in the recoveries of higher-value natural rutile, zircon, and rare earth mineral products. The successful completion of this test work eliminates a major long lead-time for project development, thereby accelerating the project's timeline.
Strategic & Offtake Partnerships
Multiple strategic financing and offtake partners have expressed significant interest in the Titan Project’s valuable titanium, rare earth, and zircon critical minerals. Notably, a major Japanese conglomerate is solely funding bulk sample and due diligence test work at Titan to advance potential sales offtake and development financing.
Government Funding Opportunities
IperionX is actively exploring a wide range of U.S. government funding opportunities and incentives aimed at supporting the feasibility and full development of the Titan Project. These opportunities further bolster the project's prospects and align with national interests.
Anastasios (Taso) Arima, IperionX CEO said:
We are very pleased that the Titan Project – North America’s largest deposit of titanium and rare earth critical minerals – is now fully permitted. This is an important milestone in our plan to re-shore critical mineral and metal supply chains to the U.S. and our key focus is to now build a strong, sustainable, and low-cost domestic titanium supply chain.”
IperionX aims to become a leading American titanium metal and critical materials company – using patented metal technologies to produce high performance titanium alloys, from titanium minerals or scrap titanium, at lower energy, cost and carbon emissions.