CHARLOTTE, N.C., Aug. 07, 2025 (GLOBE NEWSWIRE) -- IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX), a leading advanced materials company, has received a reservation of up to US$150 million in tax-exempt private activity bond (PAB) capacity from the Commonwealth of Virginia's industrial development bond program.
Highlights:
- Exclusive US$150 million PAB reservation: Reservation of up to US$150 million of tax-exempt PAB capacity, exclusively for IperionX.
- Non-dilutive financing option for accelerated growth: Offers a potential low-cost, non-dilutive capital source to fund expansions beyond the current Phase II titanium expansion program, which is underpinned by US$42.1 million from the US Department of Defense and is entirely independent of any future PAB issuance.
- Increases funding optionality: Over the rest of 2025, IperionX will complete due diligence on pricing, tenor and bond terms in order to determine if tax-exempt PABs provide the optimal funding route prior to any debt issuance. Reservation of PAB capacity does not obligate IperionX to issue PABs. Any potential future issue of PABs remains subject to the agreement and execution of binding documentation.
Tax-exempt private activity bonds are issued by state or local authorities to finance private projects that deliver public benefits such as job creation, supply-chain resilience and regional economic growth. Interest paid to investors is federally - and often state - income tax exempt, allowing issuers to access capital at materially lower funding costs than taxable debt.
About IperionX
IperionX is a leading American titanium metal and critical materials company - using patented metal technologies to produce high performance titanium alloys, from titanium minerals or scrap titanium, at lower energy, cost and carbon emissions.
Our Titan critical minerals project is the largest JORC-compliant mineral resource of titanium, rare earth and zircon minerals sands in the United States.
IperionX's titanium metal and critical minerals are essential for advanced U.S. industries including space, aerospace, defense, consumer electronics, hydrogen, automotive and additive manufacturing.
