IperionX Partners With United Stars For U.S. Sourced Titanium Manufacturing; Expected To Include The Sale And Purchase Of The Lesser Of 40% Of IperionX's Phase 1 Titanium Production Capacity, Or 80 Metric Tons Per Annum Of IperionX's Angular Titanium Powder And Consolidated Titanium Products, For A 10 Year Term.
Portfolio Pulse from Benzinga Newsdesk
IperionX Limited (NASDAQ:IPX) has entered into a framework agreement with United Stars Holdings, Inc. to supply up to 80 metric tons of titanium products annually over a 10-year term. This partnership aims to support the U.S. defense and advanced technology sectors with sustainable, low-cost titanium products. United Stars, a key supplier to major companies across various sectors, aligns with IperionX's mission to re-shore the U.S. titanium supply chain and enhance manufacturing independence.
April 15, 2024 | 12:40 pm
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IperionX's partnership with United Stars for a 10-year titanium supply agreement underscores its strategic move into sustainable, low-cost titanium production for the U.S. defense and technology sectors.
The agreement with United Stars, a supplier to major OEMs and Tier 1 companies, not only opens significant sales channels for IperionX but also aligns with the strategic goal of enhancing U.S. manufacturing independence and sustainability in titanium production. This partnership is likely to be viewed positively by investors, given the long-term nature of the agreement and its potential to secure a steady demand for IperionX's titanium products, thereby potentially increasing the company's revenue and market position.
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