IperionX Commissions Six-Axis Powder Metallurgy Press, Expanding U.S. Titanium Component Manufacturing Capabilities

Article content

The SACMI press will be integrated with additional HSPT™ sintering and forging furnace capacity purchased under the U.S. Government-supported IBAS expansion program. Installation and commissioning of these additional furnaces is expected to begin following their arrival in June. Together, the expanded forming and sintering capacity is intended to accelerate customer qualification and support customer programs for high-volume manufacturing.

Article content

Article content

Article content

Article content

SACMI powder press at IperionX’s titanium manufacturing campus, Virginia, and examples of complex parts that can be produced by powder metallurgy using IperionX titanium metal powder¹

Article content

Anastasios (Taso) Arima, IperionX CEO commented:

Article content

“Commissioning this advanced SACMI press is an important milestone for IperionX. It gives us greater titanium manufacturing capacity and more flexibility to manufacture a wider range of titanium components for customers in defense, aerospace and industrial markets.

Article content

Titanium is a critical material, but its use has often been limited by cost and supply chain challenges. By combining our U.S.-sourced titanium powder, patented HAMR™ process, powder metallurgy pressing and HSPT™ sintering and forging, IperionX is building a more scalable platform for domestic titanium manufacturing.

Article content

Article content

This new press, together with our upcoming furnace expansion, is designed to help move customer programs from prototypes toward repeatable, higher-volume production.”

Article content

Forward Looking Statements

Article content

Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

Article content

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, and achievements to differ materially from any future results, performance, or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, the Company’s ability to comply with the relevant contractual terms to access the technologies, commercially scale its closed-loop titanium production processes, or protect its intellectual property rights, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Article content

Article content

Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.

Article content

Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements, or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.