IperionX (IPX) Investor Presentation summary

Strategic vision and market context

• Aims to establish a low-cost, sustainable U.S. titanium supply chain, reducing reliance on China and Russia, which control about 70% of global supply.

• Current titanium production is costly, energy-intensive, and environmentally unsustainable, with complex processes and low yields.

• U.S. titanium market is fragmented and exposed to supply shocks, with rising prices and increasing demand.

• Long-term ambition includes disrupting the $300+ billion global stainless steel and aluminum markets.

• Led by an experienced management team with backgrounds in natural resources, finance, and aerospace.

Technological innovation and production

• Proprietary HAMR and HSPT technologies enable low-cost, low-emission titanium production from scrap or minerals, bypassing traditional high-temperature, high-carbon processes.

• HAMR process uses hydrogen to destabilize titanium-oxygen bonds, allowing efficient reduction at lower temperatures and energy use.

• HSPT technology produces forged-quality titanium parts without costly forging, using powder metallurgy for near-net shape products.

• Over 18 months of pilot-scale production in Utah, with large-scale production underway in Virginia, scaling capacity from 2 tpa to 125+ tpa.

• Advanced Manufacturing Center in Virginia enables additive manufacturing, forging, and R&D for high-performance titanium products.

Resource base and supply chain integration

• Titan Project in Tennessee is one of North America's largest titanium mineral resources, fully permitted and positioned for end-to-end U.S. supply chain integration.

• Green Rutile technology upgrades lower-grade ilmenite to high-value synthetic rutile, with pilot production design underway and customer validation in Japan and the U.S.

• Technical studies and feasibility work for the Titan Project are advancing, supported by U.S. government funding applications and strategic investor negotiations.

• Plans for backward integration to secure feedstock and further enhance supply chain resilience.