IperionX Receives Key Permits For Titanium Metal Production In Virginia
Portfolio Pulse from Happy Mohamed
IperionX Limited (NASDAQ:IPX) has secured all necessary permits to build and operate the Titanium Demonstration Facility (TDF) in Virginia, USA. The facility, which is expected to be the world's largest 100% recycled titanium powder plant, is set to commence construction in Q3 2023, with first titanium metal production targeted for Q1 2024. The project will be funded by an investment of up to $4m by the Halifax County Development Authority.
July 31, 2023 | 12:31 pm
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POSITIVE IMPACT
IperionX has received all necessary permits to start construction and operation of its Titanium Demonstration Facility in Virginia. This could potentially increase the company's production capacity and revenue in the long term.
The news is directly related to IperionX and its operations. The approval of the permits allows the company to proceed with its plans to build and operate the Titanium Demonstration Facility, which could potentially increase its production capacity and revenue. This is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100