IperionX Granted Up to US$150 Million in Tax-Exempt Private Activity Bond Issuance Capacity

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]