IperionX receives $12.7 million DoD grant to boost titanium powder production for US defense supply chains

MaterialsNews
November 1, 2023

November 1, 2023

The United States Department of Defense (DoD) has announced it is awarding $12.7 million to IperionX Technology, LLC. Facilitated through the Defense Production Act Investment (DPAI) Program, the award aims to increase titanium powder production for defence supply chains.

“Robust and resilient defense supply chains are critical to the Warfighting capability of the United States,” stated Dr Laura Taylor-Kale, Assistant Secretary of Defense for Industrial Base Policy. “Domestic titanium production is a top priority for the DoD’s industrial base programs.”

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The award will fund the expansion of IperionX’s facility in Virginia into a demonstration plant, boosting the company’s titanium powder production to 125 metric tons annually. Within five years, IperionX aims to produce 10,000 metric tons of titanium metal powder each year. The company manufactures titanium alloys from either titanium minerals or 100% recycled materials.

As of 2023, the DPAI Program has granted twenty-one awards totalling $674 million. DPAI is overseen by the ASD(IBP)’s Manufacturing Capability Expansion and Investment Program (MCEIP), in the Office of the Deputy Assistant Secretary of Defense for Industrial Base Resilience.

www.defense.gov

iperionx.com

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MaterialsNews
November 1, 2023

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