IperionX (ADR) (IPX)
Processes recycled titanium while developing a domestic mineral supply source.
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Processes titanium scrap into powder and components at its Virginia campus while developing the Titan Critical Minerals Project in Tennessee. The intended model links near-term recycled feedstock with a future domestic mineral source.
At the Virginia Titanium Manufacturing Campus, recycled titanium scrap is processed into titanium powder, electronic components, and fasteners for military, commercial, and industrial applications. Planned major equipment is online, making commercialization of the powder and component operation a current execution track.
The wholly owned Titan Critical Minerals Project near Camden, Tennessee, is being developed as a potential domestic source of titanium minerals, zircon, and heavy-rare-earth concentrate. Its development is separate from the Virginia operation, though the company intends Titan mineral feedstock to complement recycled titanium feedstock over time.
The operating model therefore depends on scaling Virginia manufacturing and advancing Titan as distinct but connected parts of a U.S. titanium supply chain.
Company facts
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Sep 2, 2026 | Jefferies | Initiate | Buy | $26 |
| Aug 5, 2026 | Roth Capital | Target | $53 | |
| Apr 28, 2026 | Industrial Alliance Securities | Target | $53 | |
| Mar 27, 2026 | BTIG | Target | $40 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $65.8M · Total debt $4.5M · Total assets $129.2M · Shareholders' equity $108.2M
- Revenue
- $0
- Operating income
- −$36.7M
- Net income
- −$34.8M
No dividends on record.
| Institutions45 holders · as of Mar 31, 2026 | 128.90% | 4.33M ADS | |
| Insiders9 holders · as of Jul 15, 2026 | 138.79% | 4.66M ADS | |
| Adds to | 267.69% |
3.36M ADS (1 ADS = 10 ordinary shares) as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count is from the company's Jun 2023 annual report; nothing newer is on file here.
These groups come from separate filings that can overlap, so they add to 267.69%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Todd HanniganInsiderdirector, officer: Executive Chairman | 79.36% | 26.63M ordinary | Form 4filed Jul 13, 2026 ↗ |
Van Eck Associates CorpInstitution | 64.96% | 2.18M ADS | 13Fas of Mar 31, 2026 |
Anastasios ArimaInsiderdirector, officer: Chief Executive Officer | 37.11% | 12.46M ordinary | Form 4filed Jul 13, 2026 ↗ |
Stifel Financial CorpInstitution | 19.26% | 646,480 ADS | 13Fas of Mar 31, 2026 |
Woodline Partners LPInstitution | 13.98% | 469,115 ADS | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 14, 2026 | R. Tony Tripeny | director | +3,846 | |
| Jul 10, 2026 | Todd Hannigan | director, officer: Executive Chairman | +225,000 | $3.58 |
| Jul 13, 2026 | Todd Hannigan | director, officer: Executive Chairman | +300,000 | $3.59 |
| Jul 10, 2026 | Anastasios Arima | director, officer: Chief Executive Officer | +138,720 | $3.58 |
| Jul 10, 2026 | Toby Edgcumbe Symonds | officer: President | +2,040 |
- ATI
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- Howmet Aerospace
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ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| IperionX (ADR) | $21.69 | +1.59% | $715.8M | — | — | — | — |
| ATI | $202.98 | +0.61% | $27.52B | 59.1 | 35.5 | 5.8 | +10.6% |
| Carpenter Technology | $463.00 | +0.45% | $22.90B | 43.8 | 34.8 | 7.3 | +12.6% |
| Howmet Aerospace | $253.11 | +0.04% | $101.21B | 54.5 | 43.4 | 11.1 | +24.1% |
| Median | 54.5 | 35.5 | 7.3 | +12.6% |