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]