IperionX (IPX) Corporate Presentation summary

Strategic vision and market opportunity

• Aims to re-shore a low-cost, sustainable U.S. titanium supply chain, addressing current high costs and environmental issues dominated by China and Russia.

• Plans large-scale production in Virginia in 2024 using 100% titanium metal scrap feedstock, with future integration of minerals from the Titan Project.

• Seeks to disrupt the $300+ billion stainless steel and aluminum markets long-term.

• U.S. titanium supply chain is fragmented and vulnerable, with rising prices and supply shocks due to geopolitical events.

Technology and production advancements

• Proprietary HAMR and HSPT technologies enable simpler, lower-cost, and sustainable titanium production with less than 50% energy consumption and zero direct carbon emissions.

• Over 18 months of pilot-scale production in Utah, with results exceeding industry standards; Virginia facility scaling up to 125+ tpa in 2024 and targeting 2,000+ tpa by 2026.

• Advanced Manufacturing Center in Virginia to produce high-strength, near-net shape titanium products using additive manufacturing and forging.

• Technologies allow for efficient use of titanium scrap and minerals, reducing costs and environmental impact.

Customer and market traction

• Secured interest from leading companies in aerospace, defense, industrial, luxury goods, and e-mobility sectors, including Lockheed Martin, GKN Aerospace, Richemont, and Canyon.

• Multiple U.S. government funding opportunities and strategic partnerships are being pursued to support expansion.

• High-quality titanium products have been validated by customers and government agencies.