• Titan project now fully permitted for development and operations in Tennessee
  • Test work has demonstrated a material increase in recoveries at the Titan project
  • Offtake negotiations are currently underway
  • The U.S. currently imports 80% of titanium minerals, with titanium vital for aerospace and defence industries

 

IperionX’s Tennessee-based Titan critical minerals project is now fully permitted for development and operations – and has received positive feasibility study metallurgical test work results to boot.

Titan is a vital, U.S. critical mineral project, positioned to make a significant impact to reduce the acute reliance on imports from foreign nations for titanium, zircon and rare earths.

Titanium, in particular, is prized for its high strength-to-weight ratio, as well as its resistance to high temperatures and corrosion.

Currently, supply is increasingly reliant on high-risk jurisdictions with long distance, carbon intensive supply chains, with the U.S. importing over 80% of titanium minerals and almost 100% of its separated rare earth oxides from foreign nations.

Once fully developed, the Titan Project is expected to be a key domestic source of the critical minerals, with the Tennessee Department of Environment and Conservation now confirming that all regulatory permit requirements for the critical minerals project have been met.

 

 

A key step in the domestic supply chain

The Titan project can reduce the acute reliance on critical mineral imports from foreign nations and re-build a sustainable domestic supply chain that is essential for advanced U.S. industries – like aerospace and defence giant Lockheed Martin who have ordered titanium plate components from the company.

“We are very pleased that the Titan project – North America’s largest deposit of titanium and rare earth critical minerals – is now fully permitted,” IperionX (ASX:IPX) CEO Anastasios (Taso) Arima said.

“This is an important milestone in our plan to re-shore critical mineral and metal supply chains to the U.S. and our key focus is to now build a strong, sustainable, and low-cost domestic titanium supply chain.”

 

Test work and offtake negotiations ongoing

In addition to permitting, the company has received results from its feasibility study metallurgical test work program, confirming high titanium and rare earth recoveries.

The test work has demonstrated a material increase in recoveries of the higher value natural rutile, zircon and rare earth mineral products.

The company is also advancing customer offtake and strategic financing partnerships, with multiple strategic financing and offtake partners demonstrating interest in Titan’s valuable critical minerals.

In fact, a major Japanese conglomerate is sole funding bulk sample and due diligence test work at the project to advance potential sales offtake and development financing.

 

 

This article was developed in collaboration with IperionX, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Read MoreTitanium

Featured Companies

You might be interested in