IperionX Acquires Rights to Rare Earth and Critical Mineral Assets Adjacent to Titan Project

IperionX Limited has entered into an agreement to acquire key assets from Covia Solutions LLC, including mineral rights, stockpiled minerals, and infrastructure, located adjacent to its Titan Critical Minerals Project in Tennessee. This strategic acquisition for US$3 million aims to consolidate the Big Sandy Critical Minerals Province, potentially creating synergies with the Titan Project by adding feedstock optionality and reducing development complexity. The acquired Camden assets are situated in a geological system known to be rich in heavy rare earth minerals, such as dysprosium, terbium, and yttrium. Decades of silica sand operations by Covia have resulted in significant stockpiles of pre-processed, mineral-bearing materials, and historical mining activities have pre-stripped certain horizons, potentially offering easier access to valuable lower mineral layers. This move is expected to strengthen U.S. domestic supply chains for critical materials essential for advanced manufacturing, defense, and aerospace industries. IperionX plans to conduct further technical evaluations, including surveys, drilling, and metallurgical testing, to assess the full potential of these newly acquired assets and their integration into its existing U.S. minerals-to-metals platform.