Australia's IperionX hits record high on additional US funding

ReutersSep 26, 2025 3:57 AM

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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%

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