IperionX June 2026 Quarterly Report
Key points
- Virginia operations continued 24/7 titanium powder production
- HAMR process met or exceeded grade 5 quality parameters
- Commissioned a 300-ton powder metallurgy press in Virginia
- U.S. Army testing validated IperionX's fasteners' performance
- Completed Titan Definitive Feasibility Study with $813M NPV8
Full summary
IperionX's June 2026 quarterly report highlights continued advancements in titanium powder production and product development across defense, aerospace, automotive, and industrial sectors. Virginia operations maintained a 24/7 schedule, with HAMR systems in ramp-up and production focused on customer qualification and product programs. The HAMR process met or exceeded grade 5 quality parameters, confirming its potential for commercialization. The commissioning of a 300-ton powder metallurgy press in Virginia tripled existing capacity and expanded product capabilities. Independent U.S. Army testing validated IperionX's titanium fasteners' performance, exceeding SAE Grade 8 steel torque-to-yield and achieving tensile properties above standard aerospace-grade benchmarks. The Titan Definitive Feasibility Study delivered an after-tax NPV8 of $813 million, after-tax IRR of 39.4%, and a forecast after-tax free cash flow of $1.9 billion over an initial 14-year mine plan.
Guidance
IperionX targets a run-rate production capacity of 200 tpa of titanium powder by end of CY2026
Outlook
IperionX is advancing resource definition, metallurgy, commercial qualification, and an integrated Atlas-Titan economic assessment, targeted by the end of 2026.
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