IperionX announces home of $82 million titanium demonstration facility

September 28, 2022

IperionX, Charlotte, North Carolina, USA, has selected a 4,600 m2 site in Southern Virginia Technology Park in Halifax County, Virginia, as the location for the company’s $82.1 million titanium demonstration facility. The three-year project will be in two phases, with the first $12.5 million investment in construction and production-related machinery and tools, and the second a $69.6 million expansion. The facility will also mark the nation’s first titanium powder producer using 100% recycled scrap metal.

IperionX undertook a site selection process across the continental US to secure the ideal site for the development of the titanium demonstration facility. Over 250 sites in over thirty states were evaluated for cost, site readiness, expansion capability, access to infrastructure and potential financial incentives.

The chosen site at the Southern Virginia Technology Park is said to provide IperionX with a good location to scale up its titanium metal production, with direct access to major highways, a large talent pool, high quality infrastructure and 100% renewable power. The state, county and local authorities have also provided an incentive package.

The titanium demonstration facility is said to be a a critical step in advancing IperionX’s ambition to re-shore an all-American source of low carbon titanium. Phase 1 of the project is expected to have an initial production capacity of 125 tonnes per annum of titanium metal powder in spherical or angular form.

The facility is anticipated to generate significant employment opportunities, with a Phase 1 headcount estimate of thirty-one employees, estimated to scale to over 100 employees.

“We are delighted to have chosen South Boston and Halifax County as the site for our inaugural titanium demonstration facility, which is a critical step in advancing IperionX’s ambition to re-shore an all-American source of titanium metal,” stated Anastasios ‘Taso’ Arima, founder and CEO of IperionX. “We are highly appreciative of the support and welcome that we have received from our partners and stakeholders in Virginia and look forward to establishing IperionX as a leader in advanced manufacturing in our new home.”

www.iperionx.com

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