IperionX is a U.S. titanium manufacturer that produces titanium powder and finished titanium components. The company operates a commercial manufacturing campus in Virginia, which uses proprietary recycling and processing technologies to convert scrap titanium into metal powder and near-net-shape parts. IperionX offers angular and spherical titanium powders, titanium plate, and manufactured components such as fasteners, impellers, brackets, and structural hardware. The company sells directly to commercial and defense customers across the defense, automotive, aerospace, industrial, and consumer electronics sectors, as well as the U.S. government. IperionX's business model focuses on building a vertically integrated, domestic supply chain, capturing margin by converting low-cost recycled feedstocks into high-value finished parts with reduced material waste compared to conventional manufacturing. Strategy centers on scaling manufacturing throughput, transitioning qualification and prototype programs into long-term commercial production contracts, and eventually integrating its upstream Tennessee mineral deposit to supply raw feedstocks.