Group 1 - IPX1031 announces Craig Brown as the new President of the Federation of Exchange Accommodators (FEA), starting his term on September 17, 2025 [1][3] - The FEA is the only national trade association representing 1031 professionals, focusing on ethical standards, education, and advocacy for Section 1031 [2] - Craig Brown emphasizes the importance of protecting and advancing 1031 Exchanges for economic growth and job creation [3][4] Group 2 - Craig Brown has over 25 years of experience in Tax-Deferred Exchanges and has held multiple leadership roles within IPX1031 and the FEA [4] - IPX1031 is the largest and most secure Qualified Intermediary in the U.S., providing unmatched service and expertise in facilitating 1031 Tax-Deferred Exchanges [6] - The company is a subsidiary of Fidelity National Financial, offering financial strength and advanced technology to protect Exchange funds [6]

Accessibility StatementSkip Navigation IPX1031 Names Joanna Panagopoulos as Banking Operations Manager CHICAGO, Sept. 11, 2025 /PRNewswire/ -- Investment Property Exchange Services, Inc. (IPX1031), the national leader in 1031 Qualified Intermediary services, is pleased to announce the appointment of Joanna Panagopoulos, CPA, as Vice President, Banking Operations Manager. With more than a decade of experience with IPX1031 in corporate finance, reconciliations, and operations management, Joanna Panagopoulos b ...

Accessibility StatementSkip Navigation Beck's leadership, Pearl's arrival, and Karol's promotion highlight IPX1031's continued commitment to complex 1031 Exchange solutions In addition, Martin Karol, Esq. has been promoted to Senior Counsel, Reverse and Improvement Exchange Division. A tax attorney since 2000, Karol is known for consulting with attorneys and CPAs regarding their clients' Reverse and Improvement Exchange structures. The company also announced that industry veteran Kelly Pearl, Esq., CES® joi ...

Core Insights - IperionX Limited is accelerating its U.S. titanium production to become the largest and lowest-cost producer in the country [1][2] - The company aims for global market leadership in high-performance titanium components through significant production capacity increases and cost reductions [3][4] Production Capacity and Cost Reduction - The nameplate titanium powder capacity has increased by 60% to 200 metric tons per year (tpa) due to operational and technological improvements without additional capital expenditure [6] - Projected titanium powder unit costs are expected to fall to approximately US$55/kg at full utilization, down from a prior estimate of US$75/kg [6] - A seven-fold scale-up in titanium production capacity to 1,400 tpa is targeted by 2027, with an anticipated unit cost of around US$29/kg at full utilization [6] Funding and Financial Outlook - The expansion capital is estimated at approximately US$75 million, funded by a U.S. Department of Defense (DoD) award of US$47.1 million, existing cash of US$101 million, and prospective DoD SBIR Phase III task orders of US$99 million [6] - Positive EBITDA is expected by the end of 2026 as titanium manufacturing sales scale progressively [6] Technological Advancements - IperionX is leveraging patented technologies, including HAMR and HSPT, to enhance manufacturing yields while reducing process steps, energy consumption, and capital expenditure intensity [6] - The company is focused on building a fully integrated U.S. titanium supply chain to serve various industries, including defense, aerospace, automotive, and consumer electronics [5][8] Market Position and Future Goals - IperionX aims to achieve global leadership in advanced manufacturing of high-performance titanium components, targeting over 10,000 tpa by 2030 [6] - The company’s Titan critical minerals project is noted as the largest JORC-compliant mineral resource of titanium, rare earth, and zircon minerals sands in the U.S. [7]

Core Insights - The U.S. Department of Defense has obligated US$12.5 million to IperionX as part of a US$47.1 million award aimed at enhancing the U.S. Defense Industrial Base by scaling up a resilient titanium supply chain [1][5] - The funding will be utilized for long-lead capital equipment necessary for increasing production capacity to over 1,000 metric tons per year at the Virginia Titanium Manufacturing Campus [3][6] - The project scope has been revised to prioritize the expansion of titanium metal production capacity in response to the strategic need for domestic titanium components [2] Funding and Project Details - The total funding obligations received under the DoD award now amount to US$17.5 million, with an additional US$29.6 million expected to be obligated over the contract term [5] - The US$12.5 million will support the purchase of equipment for titanium deoxygenation, sintering, powder metallurgy, and ancillary infrastructure upgrades [3] - Previous funding of US$5 million was allocated to advance the Titan Critical Minerals Project in Tennessee, which is on track for a definitive feasibility study completion in the first half of 2026 [4] Company Strategy and Vision - IperionX aims to secure long-lead capital equipment and manufacturing slots with key suppliers to accelerate its expansion plans [6] - The company is executing a multi-phase modular scale-up in titanium production, which is seen as a strong endorsement of its technology and mission to reshore a resilient titanium supply chain in the U.S. [7] - IperionX is recognized as a leading American titanium metal and critical materials company, focusing on producing high-performance titanium alloys with lower energy and carbon emissions [7][8]

Group 1 - IperionX Limited has received a reservation of up to US$150 million in tax-exempt private activity bond capacity from the Commonwealth of Virginia [1][6] - Tax-exempt private activity bonds are designed to finance private projects that provide public benefits, such as job creation and regional economic growth [3] - IperionX is a leading American company in titanium metal and critical materials, utilizing patented technologies to produce high-performance titanium alloys with lower energy and carbon emissions [4][5] Group 2 - The reservation of PAB capacity offers a potential low-cost, non-dilutive financing option for IperionX's growth beyond its current Phase II titanium expansion program, which is supported by US$42.1 million from the US Department of Defense [6] - IperionX will conduct due diligence on pricing and bond terms to assess if tax-exempt PABs are the optimal funding route before any debt issuance [6] - The reservation does not obligate IperionX to issue PABs, and any future issuance will depend on binding documentation [6]

Core Insights - IperionX Limited has successfully completed the commissioning of its Titanium Manufacturing Campus in Virginia, with all major equipment operational and producing high-quality titanium [6] - The company is experiencing strong momentum in commercial and strategic partnerships, particularly in the automotive, defense, and aerospace sectors [2][6] - U.S. Government support is facilitating the establishment of a low-cost domestic titanium supply chain, with significant funding awarded to IperionX [3][5] Commercial Operations - All major equipment for titanium production is now online, with the Hydrogen Assisted Metallothermic Reduction (HAMR) furnace producing titanium that exceeds industry standards [6] - Customer engagement has increased, with various customers completing inspections and pre-qualifications at the manufacturing campus [6] - The company has initiated consumer-electronics scrap processing, validating a circular supply chain for recycled titanium [6] Expansion Plans - IperionX is fast-tracking its titanium production expansion plans, supported by a recent U.S. Department of Defense (DoD) award for the Titan Critical Minerals Project [4][5] - The company has received a Small Business Innovation Research (SBIR) Phase III contract from the DoD, allowing for task order funding up to US$99 million [6] - A private placement announced on July 23, 2025, aims to raise approximately US$46 million to expedite production capacity and meet future schedules [6][10] Financial Position - As of June 30, 2025, IperionX reported US$55 million in cash, with pro-forma cash expected to reach approximately US$100 million following the private placement [10] - The proceeds from the private placement will be used for scaling operations and increasing production capacity [10] - Directors have shown commitment by subscribing for A$2.2 million (~US$1.4 million) under the placement, reinforcing alignment with shareholders [10] Industry Context - IperionX is positioned as a leading American titanium metal and critical materials company, focusing on sustainable and low-cost production methods [8] - The Titan Project is recognized as the largest JORC-compliant mineral resource of titanium and rare earth minerals in the U.S., essential for various advanced industries [9][10] - The company aims to support a complete domestic magnet supply chain, particularly for high-performance defense systems, through its heavy rare earth resources [10]

Group 1 - IperionX Limited has received its first task order valued at US$1.3 million from the U.S. Army under a SBIR Phase III IDIQ contract with the Department of Defense [1][4] - The task order involves the production and delivery of titanium parts for U.S. Army ground vehicle programs, adhering to U.S. Controlled Unclassified Information Program standards [2][3] - The manufacturing will take place at IperionX's Titanium Manufacturing Campus in Virginia, utilizing proprietary production and forging processes, which enhances supply-chain resilience and creates high-value jobs in the U.S. [3][5] Group 2 - This task order is the first of several expected under a US$99 million SBIR Phase III contract, allowing various DoD and U.S. Government agencies to procure titanium parts directly from IperionX [4] - The CEO of IperionX emphasized that this order is a significant step towards reshoring the titanium supply chain in the U.S. and aims to establish a long-term partnership with the Department of Defense [5] - IperionX is recognized as a leading American titanium metal and critical materials company, focusing on producing high-performance titanium alloys with lower energy, cost, and carbon emissions [5][6]

Core Insights - IperionX Limited has been awarded a Small Business Innovation Research (SBIR) Phase III contract by the U.S. Department of Defense, marking a significant milestone for the company [1][6] Group 1: Contract Details - The SBIR Phase III contract is structured as an Indefinite Delivery, Indefinite Quantity (IDIQ) contract, allowing U.S. Government agencies to place project-specific task orders, with a total funding cap of US$99 million [2][9] - This contract supports the goal of achieving "Low-Cost Domestic Titanium for Defense Applications" in the U.S. [2][9] Group 2: Project Implementation - IperionX is collaborating with U.S. DoD agencies on initial project task orders, which will focus on manufacturing titanium fasteners using the company's patented production and advanced forging technologies [4][9] - The manufacturing will take place at IperionX's Titanium Manufacturing Campus in Virginia, contributing to local job creation and enhancing the U.S. defense industrial base [4][5] Group 3: Strategic Importance - The contract aligns with U.S. Government priorities to strengthen domestic critical-material manufacturing capabilities, with potential task orders extending to higher-value aerospace components [5][9] - IperionX's technologies are recognized for their ability to produce lighter, stronger, and more cost-effective titanium components, reducing reliance on international supply chains [6][9] Group 4: Company Overview - IperionX is a leading American company specializing in titanium metal and critical materials, utilizing patented technologies to produce high-performance titanium alloys with lower energy, cost, and carbon emissions [6][7] - The company's Titan critical minerals project is noted as the largest JORC-compliant mineral resource of titanium, rare earth, and zircon mineral sands in the U.S., essential for various advanced industries [7]

Company Overview - IPX1031 provides nationwide Qualified Intermediary services for all types of 1031 Exchanges, including delayed, simultaneous, reverse, and improvement transactions, managing exchanges from small rental properties to complex billion-dollar commercial properties [1] - IPX1031 is the largest and one of the oldest Qualified Intermediaries in the United States, and is a wholly owned subsidiary of Fidelity National Financial, a Fortune 500 company [4] Recognition and Achievements - IPX1031 has been consistently recognized as the Best 1031 Exchange Company by several rating agencies, including Investopedia, The Balance, Awning, ROI Advisors, and Inside 1031 [2] - The recognition highlights the company's commitment to delivering exceptional service and an unmatched customer experience [2][3] - The ongoing recognition reaffirms IPX1031's status as a trusted leader in the industry and the preferred Qualified Intermediary for clients and advisors navigating the complexities of 1031 Exchanges [3] Team and Expertise - The dedicated team at IPX1031 includes seasoned attorneys, accountants, Certified Exchange Specialists (CES), and industry experts, providing guidance to clients and their legal and tax advisors [1][4] - The achievements of IPX1031 are attributed to the hard work and dedication of its employees, reflecting the company's strong internal culture [3]