IperionX Limited has secured approval from the Board of Directors of the Export-Import Bank of the United States (EXIM Bank) for an equipment finance loan of $11 million.
The loan is intended to support the expansion of IperionX’s titanium manufacturing capabilities, subject to the completion of definitive documentation, the company said in an ASX announcement.
The financing will enable IperionX to acquire advanced manufacturing equipment, including additive manufacturing systems and precision machining tools.
These assets will enhance the company’s ability to produce high-performance titanium components at its Advanced Manufacturing Center in Virginia, utilising proprietary and patented technologies.
According to IperionX, the funding aligns with EXIM Bank’s strategic initiatives, including the “Make More in America Initiative” and the “China and Transformational Exports Program.”
These programs aim to strengthen US manufacturing, reduce reliance on foreign supply chains, and support national security.
Titanium is known for its strength-to-weight ratio, corrosion resistance, and durability under extreme conditions, making it a key material in industries such as aerospace, defense, automotive, and healthcare.
Currently, the US depends heavily on foreign sources for primary titanium and titanium minerals, a dependency that has raised economic and security concerns.
IperionX stated that its Advanced Manufacturing Center in Virginia is addressing supply chain vulnerabilities by producing high-value titanium products domestically.
The company’s efforts include creating skilled American manufacturing jobs and establishing a fully integrated, end-to-end titanium supply chain within the US.
The EXIM Loan offers IperionX a non-dilutive funding path to expand its operations while supporting the broader goal of reshoring critical materials production.
The agreement remains subject to the execution of binding documentation, with specific terms to be disclosed upon finalisation.
