IperionX Ltd., formerly known as Hyperion Metals Limited, is an Australian company with a twist. While their headquarters reside in Charlotte, North Carolina, USA, they trade on the NASDAQ stock exchange under the ticker symbol IPX as an American Depositary Receipt (ADR). This essentially means US investors can buy and trade shares in IperionX through US exchanges.
IperionX isn't your typical mining company. Their focus lies on developing and producing low-carbon titanium for advanced industries like space exploration, aerospace, electric vehicles, and 3D printing. Titanium is a valuable metal prized for its strength, light weight, and resistance to corrosion. However, traditional titanium production methods have a high environmental impact.
IperionX aims to address this concern through their innovative titanium extraction technology. Their approach utilizes titanium feedstock derived from recycled titanium scrap and tailings, along with a patented electrochemical process that significantly reduces the carbon footprint compared to traditional methods.
The company operates an industrial pilot facility in Utah, USA, where they produce titanium products from scrap titanium. They also hold titanium exploration projects in Tennessee, aiming to secure a future domestic source of raw materials.
IperionX is still in the development stage, and their commercial production capabilities are yet to be fully established. However, their focus on low-carbon titanium production aligns with the growing emphasis on sustainability within the manufacturing sector. Additionally, the potential applications of their titanium products position them to benefit from the growth of industries like electric vehicles and aerospace.