IperionX Receives Key Permits For Development Of The Titanium & Rare Earth Mineral Rich Titan Project
Portfolio Pulse from Happy Mohamed
IperionX has received key development permits for the Titan Project, the largest JORC-compliant resource of titanium and rare earth rich mineral sands in the U.S. The permits strengthen IperionX's plans to establish a domestic titanium mineral to titanium metal supply chain. The Titan Project is expected to generate ~US$117 million of annual EBITDA and US$692 million after-tax NPV8. IperionX is now seeking U.S. government incentives and funding opportunities for development and is engaging with strategic partners for offtake and funding of the project.
August 15, 2023 | 12:45 pm
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POSITIVE IMPACT
IperionX's receipt of key development permits for the Titan Project strengthens its plans to establish a domestic titanium supply chain. The project's potential economic benefits and the company's pursuit of government incentives and partnerships could positively impact its stock.
The receipt of key permits for the Titan Project is a significant milestone for IperionX, indicating progress in its plans to establish a domestic titanium supply chain. The project's potential economic benefits, as well as the company's pursuit of government incentives and partnerships, could attract investor interest and positively impact the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100