Iperionx Limited (AU:IPX) has released an update.
IperionX Limited has successfully secured A$50 million through a placement of new shares to expand its U.S. titanium manufacturing operations, with plans to boost production capacity to approximately 2,000 metric tons annually. The capital raised will also cover new equipment costs and other corporate expenses. Notably, both the Executive Chairman and a Non-Executive Director participated in the placement, subject to shareholder approval.
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