IperionX
IperionX is a U.S.-based titanium metal and critical materials company developing a vertically integrated domestic supply chain using patented HAMR and HSPT processes to produce low-carbon titanium powder and components from recycled scrap, serving defense, aerospace, automotive, and consumer customers.
- Company typePublic
- Founded2017
- HeadquartersCharlotte, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What IperionX does
IperionX is a U.S.-based titanium metal and critical materials company building a vertically integrated domestic supply chain from mineral extraction to finished titanium components. The company holds exclusive licensed patents on the HAMR (Hydrogen Assisted Metallothermic Reduction) and HSPT (Hydrogen Sintering and Phase Transformation) processes developed by Dr. Zak Fang at the University of Utah, which enable titanium powder and near-net-shape parts to be produced from 100% recycled scrap feedstock with a reported lifecycle carbon footprint of 7.8 kg CO2e/kg, over 90% below competing plasma atomized titanium powders. The Virginia Titanium Manufacturing Campus in South Boston transitioned to 24/7 continuous powder production in Q1 2026, while the Titan Critical Minerals Project in West Tennessee, the largest JORC-compliant titanium, rare earth, and zircon mineral sands resource in the U.S., was advanced to Definitive Feasibility Study stage with a US$813M after-tax NPV8.
The company generates revenue through hardware sales of titanium metal powder, near-net-shape titanium components (fasteners, gears, brackets), and planned sales of processed mineral concentrates including ilmenite, synthetic rutile, zircon, and heavy rare earth concentrate. Go-to-market is primarily direct enterprise sales into defense, aerospace, automotive, and consumer segments, anchored by U.S. government funding of approximately $99M+ across IBAS, DPA Title III, SBIR Phase III, and EXIM Bank commitments. Named commercial engagements include the U.S. Department of Defense, Carver Pump Company (U.S. Navy surface vessels), American Rheinmetall, GKN Aerospace, AFRL, U.S. Army DEVCOM, Ford (planned for later 2026), Panerai, and Canyon Bicycles. The company is dual-listed on NASDAQ and ASX (ticker: IPX), reports as pre-revenue with widening losses ($34.8M H1 FY2026 net loss), and is subject to two ongoing securities fraud investigations related to a $330M typographical error in financial reporting.
IperionX operates from facilities in Charlotte, NC (corporate headquarters), South Boston, VA (manufacturing), Camden, TN (Titan Project support), West Valley City, UT (pilot/R&D), and Sydney, Australia (ASX-listed parent office). Management includes Executive Chairman Todd Hannigan, CEO Anastasios (Taso) Arima (founder of Piedmont Lithium), and a board with deep aerospace credentials including former Lockheed Martin and Boeing executives. Recent strategic actions include commissioning a 300-ton six-axis SACMI press enabling ~11 million parts/year capacity, acquisition of Blacksand Technology and Covia Solutions LLC Camden assets, and material insider share purchases by executives in 2026.
IperionX firmographics
Firmographics- Name
- IperionX
- Legal name
- IperionX Technology, LLC
- Website
- https://iperionx.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- IperionX is a U.S.-based titanium metal and critical materials company developing a vertically integrated domestic supply chain using patented HAMR and HSPT processes to produce low-carbon titanium powder and components from recycled scrap, serving defense, aerospace, automotive, and consumer customers.
- Ownership category
- akta.pro rank
IperionX industry classification
Industry- Product category
- Titanium Metal Manufacturing
- NAICS
- Powder Metallurgy Part Manufacturing (332117), Hardware Manufacturing (33251), Ground or Treated Mineral and Earth Manufacturing (327992)
- SIC
- Primary Smelting & Refining Of Nonferrous Metals (3330), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
- akta.pro primary industry
- Aerospace Structural Metals & Alloys (Titanium, Aluminum, Nickel) (IMABANAL)
- akta.pro secondary industries
- Metal Wire & Rod Feedstock (DED/WAAM) (IMAAABAF), Stainless Steel & High-Temperature Alloy Scrap (Stainless, Inconel, Titanium, Specialty Alloys) (IMAKAMAC)
Keywords
Where IperionX is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
IperionX business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Infrastructure, Technology or R&D, Operations, Personnel, Marketing or Sales
Revenue model
- Titanium Metal Powder Sales: 100% recycled titanium metal powder sold to additive manufacturing, aerospace, defense, and industrial customers. Production from scrap titanium feedstock at Virginia Titanium Manufacturing Campus.
- Titanium Minerals (Ilmenite and Rutile): Titan Project will produce approximately 110,000 tpa titanium minerals (118,658 tpa ilmenite, 24,656 tpa rutile) to underpin domestic titanium metal production.
- Heavy Rare Earth Concentrate (HREC): Titan Project production of approximately 5,287 tpa HREC containing dysprosium, terbium, yttrium and other heavy rare earth elements for defense, aerospace, semiconductor applications.
- Zircon Concentrate: Titan Project production of approximately 65,668 tpa zircon concentrate for ceramics, refractories, foundry, nuclear materials, and thermal barrier coatings.
- Titanium Components (Fasteners, Gears, Brackets): Near-net-shape titanium parts produced via HSPT powder metallurgy for defense, aerospace, marine, and industrial applications. U.S. Army testing confirms performance exceeding Grade 8 steel benchmarks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Titanium powder production pricing based on volume and specifications |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
IperionX product offering
Product offeringCore offering
IperionX produces low-carbon titanium metal powder and near-net-shape titanium components from 100% recycled scrap feedstock using proprietary HAMR and HSPT powder metallurgy processes at its Virginia Titanium Manufacturing Campus. The company also owns and is developing the Titan Critical Minerals Project in West Tennessee, the largest U.S. JORC-compliant resource of titanium minerals, heavy rare earths, and zircon, intended to underpin fully integrated domestic mineral-to-metal titanium supply for aerospace, defense, automotive, and advanced manufacturing customers.
Product overview
IperionX is a leading American titanium metal and critical materials company operating a vertically integrated platform combining mineral extraction and metal production. The core offering centers on proprietary titanium metal technologies: the HAMR (Hydrogen Assisted Metallothermic Reduction) process for low-cost titanium powder production, the HSPT (Hydrogen Sintering and Phase Transformation) process for near-net-shape titanium parts, and the Green Rutile process for titanium mineral upgrading. The company operates the Virginia Titanium Manufacturing Campus producing 100% recycled, low-carbon titanium powder and components, while developing the Titan Critical Minerals Project in Tennessee as a domestic source of titanium minerals, rare earths, and zircon. Key products include titanium metal powder for additive manufacturing, titanium fasteners, and processed mineral concentrates (ilmenite, rutile, zircon, heavy rare earth concentrate).
Differentiator
Problem solved
Functional benefit
Products and services
- Titanium Metal Powder (100% Recycled, Low-Carbon) Commercially pure and alloyed titanium powders (including Ti-6Al-4V) produced from 100% recycled titanium scrap feedstock using proprietary HAMR technology. Used as feedstock for additive manufacturing and powder metallurgy in aerospace, defense, automotive, and industrial applications. Validated life cycle carbon footprint as low as 7.8 kg CO2e per kg.
- Titanium Fasteners (Ti-6Al-4V) High-strength titanium fasteners manufactured via the proprietary HSPT powder metallurgy process. U.S. Army testing validated yield torque of 563–615 ft-lbf (vs 480–502 ft-lbf for Grade 8 steel), 135–137 ksi yield strength, and 149–152 ksi ultimate tensile strength. Targeted at defense, aerospace, marine, and advanced industrial applications.
- Titanium Minerals (Ilmenite and Synthetic Rutile) Titanium mineral concentrates (ilmenite and synthetic rutile) planned for production from the Titan Critical Minerals Project in West Tennessee. The Green Rutile process upgrades ilmenite into high-titanium synthetic rutile without carbon reductants, with purified iron oxide co-product for lithium iron phosphate battery applications.
- Heavy Rare Earth Concentrate (HREC) Heavy rare earth concentrate containing dysprosium, terbium, yttrium, and other heavy rare earth elements planned for production from the Titan Critical Minerals Project. Targeted at high-temperature magnets, defense systems, semiconductors, and advanced ceramics applications as a domestic alternative to foreign rare earth supply.
- Zircon Concentrate Zircon concentrate planned for production from the Titan Critical Minerals Project for use in ceramics, refractories, foundry applications, nuclear materials, and thermal barrier coatings.
- Titanium Powder Metallurgy Components (Near-Net-Shape) Near-net-shape titanium components produced via the HSPT powder metallurgy process, including gears, brackets, and actuators in addition to fasteners. Achieves ultra-fine-grain microstructures with forged-equivalent properties without expensive thermal mechanical processing, for defense, aerospace, marine, and advanced industrial applications.
Quantifiable outcome
- Titanium powder production carbon footprint of 7.8 kg CO2e per kg, over 90% lower than competing plasma atomization titanium powders
- +5 more outcomes
Companies that use IperionX
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles3 records
IperionX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
IperionX partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Carver Pump CompanycorePartnership to produce titanium components for U.S. Navy surface vessels using IperionX's domestically produced titanium powder. Initial purchase order for prototype components targeting lead time reduction from over 12 months to under one week. Successful completion could lead to larger scale production agreements with Carver Pump and U.S. Navy.
- American RheinmetallcorePrototype orders received for titanium components as part of defense industrial base engagements, advancing commercial relationships in the defense sector.
- Materials Resources LLCcoreJoint project to qualify titanium alloy powders for U.S. Navy and test titanium flight critical metal replacement components for the U.S. Department of Defense.
- University of Utah / Dr. Zak FangcoreExclusive licensing of patented HAMR and HSPT titanium production technologies developed by Dr. Zak Fang's team. Technologies invented at University of Utah with funding from DOE's ARPA-E program.
- U.S. Air Force Research Laboratory (AFRL)coreAFRL Grand Challenge winner eligible for up to $500,000 across four phases to produce titanium metal powders from scrap materials and rejuvenate out-of-specification titanium powder for additive manufacturing.
- Vegas Fastener ManufacturingcorePartnership to supply titanium fasteners for U.S. Army applications, combining IperionX's titanium metal production with fastener manufacturing expertise.
- GKN AerospacecoreGKN Aerospace testing titanium PM (powder metallurgy) components from IperionX for aerospace applications, evaluating materials for potential aerospace qualification.
- PaneraiminorPartnership to produce 3D printed titanium watches from 100% recycled titanium metal powder for luxury goods applications.
- Canyon BicyclesminorPartnership to 3D print titanium bike frame from 100% recycled titanium metal powder, demonstrating sustainability and performance applications in sports equipment.
- University of Tennessee Institute of AgricultureminorResearch partnership on sustainable land rehabilitation in West Tennessee supporting environmental sustainability of Titan Project development.
- AperamminorPartnership to create 100% recycled titanium supply chain in U.S., combining Aperam's stainless steel recycling expertise with IperionX's titanium technologies.
Scale indicators11 records
Recent moves7 records
Expansion highlights5 records
IperionX competitors and assessment
Company assessmentBroad incumbents
- ATI (Allegheny Technologies): Allegheny Technologies is a major U.S. specialty metals producer with significant titanium and titanium alloy products serving aerospace and defense. While it uses the conventional Kroll process and operates at much larger scale, it is the most direct incumbent competitor in U.S. titanium mill products and is competing for the same defense and aerospace customers.
- VSMPO-AVISMA: VSMPO-AVISMA is the world's largest titanium producer (vertically integrated from sponge to finished mill products), supplying roughly 30% of global aerospace titanium and historically dominant in Boeing/Airbus supply chains. While Russian-owned and now restricted from Western defense markets, it remains the global capacity benchmark against which IperionX's domestic titanium ambition must compete.
- Rio Tinto (Critical Minerals & Titanium): Rio Tinto is a global mining major with significant mineral sands (via Richards Bay Minerals in South Africa and QMM in Madagascar) and titanium dioxide operations, plus growing critical minerals exposure. While vastly larger and diversified, its mineral sands division produces ilmenite, rutile, and zircon that overlap with Titan Project output.
Direct peers
- Tronox Holdings: Tronox is the world's largest vertically integrated producer of titanium dioxide pigment and zircon, with mineral sands mining operations comparable to IperionX's Titan Project. While Tronox is primarily a TiO2 feedstock player rather than titanium metal, its mineral sands business (rutile, ilmenite, zircon, monazite) competes directly with the planned output of IperionX's Titan Project.
- Iluka Resources: Iluka is a leading Australian mineral sands company producing rutile, ilmenite, zircon, and rare earths (via its Eneabba refinery). Its mineral sands and rare earth concentration business is highly comparable to the planned production mix of IperionX's Titan Project, and Iluka's refinery is one of the few non-Chinese sources of separated rare earths.
- Carpenter Technology: Carpenter Technology is a U.S. specialty alloys producer with deep powder metallurgy capabilities (including titanium powder for additive manufacturing) and serves aerospace, defense, and medical markets. Its powder metallurgy part manufacturing platform directly overlaps with IperionX's HSPT-based near-net-shape titanium component production.
- Höganäs AB: Höganäs is the world's largest producer of metal powders for powder metallurgy, including titanium and specialty alloy powders used in additive manufacturing and conventional PM. Its surface coating, sintering, and powder metallurgy competencies make it a direct technology and product competitor to IperionX's HAMR titanium powder and HSPT sintering platforms.
- MP Materials: MP Materials operates the only scaled U.S. rare earth mine and processing facility (Mountain Pass, California), producing rare earth concentrate and magnets for defense, EV, and electronics applications. As the leading U.S. domestic critical minerals pure-play, it is a comparable strategic asset to the heavy rare earth concentrate (HREC) component of IperionX's Titan Project.
Emerging players
- Chemours Company: Chemours produces titanium dioxide pigments and titanium tetrachloride from its mineral sands operations, with growing interest in critical minerals. Its titanium chemistry business overlaps with potential downstream offtake from IperionX's Titan Project (rutile, ilmenite), and it operates within the same U.S. regulatory environment for chemical manufacturing.
- Kennametal: Kennametal is a U.S. manufacturer of metalworking tools, wear-resistant components, and powder metallurgy materials (including titanium carbides and related hardmetals) serving aerospace, defense, and industrial markets. While primarily a tooling company, its powder metallurgy and titanium-related materials capabilities overlap with IperionX's component manufacturing ambitions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
IperionX social profiles
Digital presenceIperionX compliance and trust
Trust signalCompliance5 records
IperionX financial estimates
Financial estimateRevenue estimate
Valuation estimate
IperionX leadership team
Management profileNumber of profiles
Profiles13 records
IperionX subsidiaries and ownership
Company hierarchySubsidiaries1 record
IperionX funding detail
Funding detailFunding overview
Funding rounds11 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IperionX M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IperionX
What does IperionX do?
IperionX produces low-carbon titanium metal powder and near-net-shape titanium components from 100% recycled scrap feedstock using proprietary HAMR and HSPT powder metallurgy processes at its Virginia Titanium Manufacturing Campus. The company also owns and is developing the Titan Critical Minerals Project in West Tennessee, the largest U.S. JORC-compliant resource of titanium minerals, heavy rare earths, and zircon, intended to underpin fully integrated domestic mineral-to-metal titanium supply for aerospace, defense, automotive, and advanced manufacturing customers.
Is IperionX a public or private company?
IperionX is a public company. It is classified as public and is currently operating.
When was IperionX founded?
IperionX was founded in 2017. It employs 11 to 50 people.
Where is IperionX based?
IperionX is headquartered in Charlotte, United States, in the North America region.
How does IperionX make money?
Five revenue lines are on record. Titanium Metal Powder Sales are the primary driver. The others are titanium Minerals (Ilmenite and Rutile), heavy Rare Earth Concentrate (HREC), zircon Concentrate and titanium Components (Fasteners, Gears, Brackets).
Who are IperionX's main competitors?
Broad incumbents on record are ATI (Allegheny Technologies), VSMPO-AVISMA and Rio Tinto (Critical Minerals & Titanium). Direct peers are Tronox Holdings, Iluka Resources, Carpenter Technology, Höganäs AB and MP Materials. Emerging players are Chemours Company and Kennametal.
Does IperionX have an API?
No public API is recorded for IperionX.
What industry is IperionX in?
IperionX's product category is Titanium Metal Manufacturing. Its primary akta.pro industry code is IMABANAL, Aerospace Structural Metals & Alloys (Titanium, Aluminum, Nickel), with a secondary code of IMAAABAF, Metal Wire & Rod Feedstock (DED/WAAM). Its NAICS code is 332117 and its SIC code is 3330.