IperionX (ASX:IPX) has commenced a Definitive Feasibility Study (DFS) for its Titan Critical Minerals Project in Tennessee. The DFS is partially funded by a US$47.1 million allocation from the US Government. The company, with a market capitalization of $692.6 million, expects the study to be completed by Q2 2026, and it will encompass detailed mine engineering, processing flowsheet, and infrastructure design.
CEO Anastasios Arima emphasized the strategic importance of the Titan Project for American critical mineral independence, highlighting its potential to support US industrial and defense priorities. The project is geared towards supplying low-cost, domestic critical mineral feedstocks to bolster IperionX’s titanium production. The project has garnered interest from strategic and commercial partners seeking secure, long-term supplies of US-sourced critical minerals.
With the US Government’s focus on reshoring manufacturing and strengthening supply chain independence, IperionX aims to provide a secure, sustainable, and low-cost domestic supply of titanium and other critical minerals. The US Department of Energy (DOE) has identified the nation’s lack of a robust domestic supply of minerals crucial for decarbonized energy infrastructure and current manufacturing technologies, including rare earths, lithium, cobalt, nickel, and platinum group metals.
