This episode is detailing how the company IperionX received an additional $25 million in U.S. government funding to enhance domestic production of titanium powder. This new funding is part of a larger contract from the Department of Defense's (DoD) Industrial Base Analysis and Sustainment (IBAS) program, following two earlier tranches. The capital is designated for scaling up titanium and advanced manufacturing capabilities at the company's Virginia facility, with the ultimate goal of producing over 1,400 metric tons of titanium annually. The article emphasizes the geopolitical importance of building an end-to-end domestic titanium supply chain due to the U.S. reliance on foreign imports for crucial materials like titanium sponge and rare earth elements, which IperionX also has assets for in Tennessee.
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