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Name | Symbol | Market | Type |
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IperionX Ltd | NASDAQ:IPX | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 1.29% | 15.65 | 14.50 | 17.23 | 15.94 | 15.51 | 15.84 | 12,983 | 22:16:11 |
Exhibit
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Description
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Press Release
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IPERIONX LIMITED
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(registrant)
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Date: August 1, 2023
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By:
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/s/ Gregory Swan
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Name: Gregory Swan
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Title: Chief Financial Officer
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PRESS RELEASE | NASDAQ: IPX | ASX: IPX
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■ |
IperionX has secured all material permits required to build and operate the Titanium Demonstration Facility (TDF) in Virginia, U.S.A.
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The permits also cover the planned modular expansion to Titanium Demonstration Facility (TCF-1) capacity by the end of 2025 – designed to be the world’s largest 100% recycled titanium powder
plant with 1,125 tpa of production capacity
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Strong forecast economics, low capital intensity and the only UL validated 100% recycled, low carbon titanium commercially available
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All major engineering works are complete, with long lead time equipment ordered and procurement underway
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Construction fit-out works are targeted to commence in Q3 2023, and will be funded by an investment of up to US$4m by the Halifax County Development Authority
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First titanium metal production is targeted for Q1 2024
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Tennessee
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Virginia
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Utah
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129 W Trade Street, Suite 1405
Charlotte, NC 28202
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279 West Main Street
Camden, TN 38320
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1080 Confroy Drive
South Boston, VA 24592
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1782 W 2300 S
West Valley City, UT 84119
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1 |
Forward Looking Statements
Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the
use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and
objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance,
and achievements to differ materially from any future results, performance, or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions,
increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, the Company’s
ability to comply with the relevant contractual terms to access the technologies, commercially scale its closed-loop titanium production processes, or protect its intellectual property rights, political and social risks, changes to the
regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.
Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant
environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the
Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.
Although the Company attempts and has attempted to identify
factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements, or events not to be as
anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials
speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise
any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.
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