Australia's IperionX hits record high on additional US funding

** Shares of IperionX IPX.AX rise as much as 8% to record high of A$7.84

** Stock marks biggest intraday pct gain since Aug 25

** Titanium alloys producer receives additional $25 mln from U.S. Department of Defense under co's previously announced $47.1 mln award to improve titanium supply chain

** Trump has ordered the department to rename itself the Department of War, a change that will require action by Congress

** Says funds to support scale-up production at co's titanium manufacturing campus in Virginia

** About 4 mln shares traded, 1.8x the 30-day average

** Stock last up 5.5% with YTD gains of 39.3%