IperionX Limited has launched a Definitive Feasibility Study (DFS) for its Titan Critical Minerals Project in Tennessee, with support from the US Government as part of a broader effort to secure domestic supply chains for titanium and other critical minerals.
The Titan Project, described by IperionX as the largest titanium, rare earth, and zircon mineral sands resource in the US reported under the JORC Code, is entering its final phase of technical and economic assessment.
The DFS is scheduled for completion by the second quarter of 2026 and will include detailed plans for mine engineering, processing flowsheets, and infrastructure design, IperionX said in an ASX announcement.
IperionX said a portion of the US Government’s USD 47.1 million funding allocation will support the study. This is part of more than USD 60 million in total government funding awarded to the company since January 2023.
“The commencement of the DFS at the Titan Project marks a major milestone for IperionX and the future of American critical mineral independence,” said Anastasios (Taso) Arima, CEO of IperionX.
“The Titan Project is a nationally strategic critical minerals asset, uniquely positioned to support the United States’ industrial and defense priorities.”
The company emphasised the Titan Project’s potential to strengthen the domestic titanium supply chain by providing low-cost feedstocks for future expansions of its titanium production capabilities.
It also noted the site contains significant concentrations of both light and heavy rare earth elements, including dysprosium and terbium — materials essential to advanced technologies and defense applications.
As part of a broader initiative to restore domestic manufacturing capacity, the US Government has increased investment in projects that enhance critical mineral independence.
IperionX said this policy direction aligns with its own long-term strategy to develop a fully integrated, U.S.-based ‘mineral-to-metal’ titanium supply chain.
“We are proud to be building the foundation of a secure, sustainable, and fully domestic titanium supply chain – from minerals to finished titanium metal,” Arima added.
The company is also progressing with the ramp-up of its Titanium Production Facility in Virginia. The remaining portion of the government funding will support engineering and design work for expanded titanium metal production, with further details expected by mid-2025.
IperionX reported continued interest from potential commercial and strategic partners seeking reliable long-term sources of US-sourced critical minerals.
