Australia's IperionX rises on $99 million contract from US DOD
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Shares of IperionX IPX.AX rise 19.41% to A$4.43, set for their strongest session since mid-June 2023
Shares of co hit their highest since February 21
Mineral explorer says it has been awarded an innovation research contract by the U.S. Department of Defence for $99 million
Says, contract is in support of achieving "low-cost domestic titanium" for defence applications in the U.S.
Stock down 32.6% YTD as of the last close
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