IperionX Ramps Up Titanium Production, Eyes 200 TPA by Year-End

Event summary

  • IperionX transitioned to 24/7 titanium powder production, reaching ~4.2 metric tons in March, annualized at ~50 tpa.
  • Targeting 200 tpa titanium powder capacity by end-CY2026 with GenX™ next-gen platform in development.
  • U.S. Government support includes $47.1M IBAS award and 290 metric tons of titanium scrap transferred at no cost.
  • Customer engagement increased across aerospace, defense, and consumer electronics sectors.
  • Ended Q1 2026 with $48.2M in cash, expecting $36M–$40M by FY2026 end.

The big picture

IperionX’s shift to continuous operations marks a critical phase in building a domestic U.S. titanium supply chain, aligning with national priorities for reshoring manufacturing and securing critical materials. The company’s proprietary HAMR™ and HSPT™ technologies position it as a disruptor in an industry reliant on legacy, energy-intensive processes. Success hinges on scaling production, securing long-term customer contracts, and leveraging sustained government support.

What we're watching

Production Scaling
The pace at which IperionX can ramp up to 200 tpa titanium powder capacity and remove production bottlenecks will determine its ability to meet customer demand.
Customer Adoption
Whether IperionX can convert prototype work and qualification batches into long-term supply contracts across high-value sectors.
Government Support
The extent to which U.S. Government funding and strategic priorities will continue to underpin IperionX’s expansion and critical minerals development.

Related topics

Automotive Critical Minerals