CHARLOTTE, N.C.--(BUSINESS WIRE)--Nov 26, 2024--
IperionX Limited (IperionX) (NASDAQ:IPX, ASX: IPX), a leader in sustainable, circular titanium supply chains, is pleased to announce the successful acquisition of Blacksand Technology LLC’s assets and intellectual property portfolio.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241126428575/en/
The acquisition secures IperionX’s exclusive commercial rights to the patents and proprietary technologies, including Green Rutile, Alkaline Roasting Hydrolysis, Hydrogen Assisted Metallothermic Reduction and Hydrogen Sintering and Phase Transformation.
These complementary technologies offer significant advantages over the incumbent Kroll titanium production process - with lower energy consumption, lower capex, faster cycle times, higher product yields and the ability to utilize 100% scrap titanium or upgraded titanium minerals as feedstocks.
IperionX is developing an innovative ‘end-to-end’ American titanium supply chain solution, that spans from the production of U.S. titanium minerals, upgrading these minerals to +99% TiO 2, to the production of high-performance, lower-cost titanium metal forged parts. IperionX’s technologies can produce a large range of high-strength forged titanium alloys, with class-leading sustainability and superior process energy efficiencies when compared to current industry methods.
The technologies provide IperionX with a sustainable competitive advantage and significant value uplift from upgrading raw titanium materials through to finished titanium products when compared to traditional titanium industry supply chains. IperionX’s proprietary technologies negate the need for titanium metal sponge and ingot, allowing direct manufacturing of higher value titanium products from the billet stage onwards.
IperionX is now commercializing the technology portfolio at its Titanium Manufacturing Campus in Virginia. In August 2024, IperionX successfully commissioned the new HAMR furnace and delivered the first titanium deoxygenation production run in Virginia. The successful titanium production cycle was a significant milestone in the application of HAMR technology and demonstrates the commercial-scale capabilities of IperionX’s titanium technologies.
Anastasios (Taso) Arima, IperionX CEO said:
“The acquisition of the award-winning intellectual property portfolio is an important milestone for IperionX – delivering direct control of the technologies and innovations that underpin our plans to re-shore an end-to-end, lower-cost U.S. titanium supply chain that is critical to America’s economic and national security.”
Forward Looking Statements
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.
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.
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.
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.
A link to the original announcement can be found here.
Figure 1: IperionX’s titanium technologies – A full suite titanium value chain (Graphic: Business Wire)
