Latest news with #IperionX
Herald Sun
4 days ago
- Business
- Herald Sun
ASX edges up as IperionX scores US deal
ASX creeps lower despite miners lifting Lynas pops 8pc on China rare earths squeeze IperionX lands $152m Pentagon titanium deal The ASX inched lower by 0.1% at lunch time AEST on Thursday. Miners such as Fortescue (ASX:FMG), which was up by 1%, did the heavy lifting. And Lynas (ASX:LYC) went ballistic, up 10%, after a bit of good news for the rare earths space. Turns out some of Europe's biggest carmakers are starting to feel the pinch from China's rare earths export controls, and Lynas is quickly shaping up as a reliable alternative in a tightening market. In the US overnight, bond yields sank as traders piled into bets that the Fed might deliver not just one, but two rate cuts this year. September is looking like a sure thing now, and you could almost hear the doves cooing from Capitol Hill. Tech sentiment, meanwhile took a wobble after Apple was downgraded by Needham, who reckons it's falling behind in the AI race. Tesla dropped over 3% after Elon Musk went on a full-tilt political offensive, blasting Trump's new tax plan as a 'disgusting abomination' and telling Americans to 'kill the bill.' Back home to the ASX, where just five of 11 sectors were flashing green. Source: Market Index The headline of the morning came from $1.4bn market-capped IperionX (ASX:IPX), the titanium player that just scored a golden ticket from the Pentagon. Shares in IperionX rocketed 21% after the company locked in a contract worth up to US$99 million with the US Department of Defense. It's a Phase III SBIR deal, what it really means is IPX has graduated from R&D to full-blown production. The first orders will focus on titanium fasteners for defence agencies, with all the kit built at its plant in Virginia. It's a big nod of confidence for Iperion X, and a win for the US as it tries to wean itself off foreign suppliers. Meanwhile, Magellan Financial Group (ASX:MFG) kept bleeding, but at least it's not gushing anymore. The fundie has just posted $400 million in outflows for May, down from $1 billion the month before. Assets under management inched higher across most of its strategies, with infrastructure holding steady. Total AUM now sits at $39.3 billion. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for June 5 : Security Description Last % Volume MktCap EV1 Evolutionenergy 0.014 75% 2,147,660 $2,901,204 ADD Adavale Resource Ltd 0.002 50% 400,066 $2,287,279 AUH Austchina Holdings 0.002 50% 27,230 $3,025,384 AOA Ausmon Resorces 0.002 33% 375,000 $1,966,820 EEL Enrg Elements Ltd 0.002 33% 1,000,000 $4,880,668 ZEU Zeus Resources Ltd 0.012 33% 12,469,218 $5,766,058 GTR Gti Energy Ltd 0.005 29% 33,710,486 $10,496,324 EDE Eden Inv Ltd 0.003 25% 2,498,367 $8,219,762 ENT Enterprise Metals 0.003 25% 100,108 $2,356,635 ENV Enova Mining Limited 0.010 25% 44,085,113 $11,308,006 OLI Oliver'S Real Food 0.005 25% 30,000 $2,162,928 TMX Terrain Minerals 0.003 25% 22,788 $4,497,113 ION Iondrive Limited 0.027 23% 5,953,328 $26,022,399 LAM Laramide Res Ltd 0.875 22% 580 $14,828,157 CDE Codeifai Limited 0.017 21% 992,179 $4,564,445 IRX Inhalerx Limited 0.040 21% 1,221,477 $7,043,791 HWK Hawk Resources. 0.018 20% 2,008,040 $4,063,942 ATX Amplia Therapeutics 0.060 20% 5,836,140 $19,397,633 ALY Alchemy Resource Ltd 0.006 20% 871,491 $5,890,381 OMG OMG Group Limited 0.006 20% 966,720 $3,641,474 PER Percheron 0.012 20% 3,787,762 $10,874,376 TEG Triangle Energy Ltd 0.003 20% 2,550,000 $5,223,085 GTI Energy (ASX:GTR) says early numbers from its Lo Herma uranium project in Wyoming look promising, pointing to a potential low-cost in-situ recovery (ISR) operation producing around 800,000 pounds of uranium a year. The scoping study was run by Wyoming-based experts BRS Engineering and outlines a seven-year plan with a total production target of nearly 6 million pounds. It's still early days, though – most of the resource is in the lower-confidence 'Inferred' category, so there's no guarantee the uranium's all there or that it'll stack up economically just yet. FireFly Metals (ASX:FFM) has locked in a C$25.8 million (~A$28.8m) funding deal with BMO in Canada and another $46 million from Aussie investors through placements and a share purchase plan. The funds will go towards advancing its Green Bay copper-gold project in Canada, including underground development, drilling, and pre-construction work. It's a big step forward as it looks to push Green Bay closer to production. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for June 5 : Code Name Price % Change Volume Market Cap OVT Ovanti Limited 0.002 -33% 3,711,682 $8,380,545 PIL Peppermint Inv Ltd 0.002 -33% 2,830,000 $6,828,269 GMN Gold Mountain Ltd 0.002 -25% 1,347,106 $11,239,518 AVE Avecho Biotech Ltd 0.004 -20% 655,257 $15,867,318 MEM Memphasys Ltd 0.004 -20% 30,805 $9,917,991 1AD Adalta Limited 0.003 -17% 5,146,114 $3,020,120 AJL AJ Lucas Group 0.005 -17% 624,546 $8,254,378 IFG Infocusgroup Hldltd 0.005 -17% 2,989 $1,655,771 JAV Javelin Minerals Ltd 0.003 -17% 537,500 $18,378,447 RFT Rectifier Technolog 0.005 -17% 20,000 $8,291,904 EPM Eclipse Metals 0.016 -16% 18,423,152 $54,450,562 QEM QEM Limited 0.051 -15% 57,568 $11,450,021 RDN Raiden Resources Ltd 0.006 -14% 2,515,475 $24,156,240 SRJ SRJ Technologies 0.012 -14% 769,489 $8,478,093 PEB Pacific Edge 0.091 -13% 2,752 $85,251,177 OLY Olympio Metals Ltd 0.034 -13% 579,499 $3,434,625 AVW Avira Resources Ltd 0.007 -13% 17,217 $1,754,286 KLI Killiresources 0.028 -13% 97,087 $4,487,160 PNT Panthermetalsltd 0.014 -13% 798,024 $4,814,473 WCE Westcoastsilver Ltd 0.080 -11% 1,807,262 $23,410,888 WWG Wisewaygroupltd 0.160 -11% 12,954 $30,123,575 ANX Anax Metals Ltd 0.008 -11% 1,596,673 $7,945,268 LCY Legacy Iron Ore 0.008 -11% 25,000 $87,858,383 Tyro Payments (ASX:TYR) crashed 11% after announcing that CEO Jon Davey is stepping down. He's been offered a new private equity gig, based in Melbourne. Davey's been with Tyro since 2021, arriving via the Medipass acquisition and moving into the top job the following year. He'll hang around for up to six months to help with the handover. IN CASE YOU MISSED IT Two collaborative drilling grants totalling $400,000 have been awarded to Red Metal (ASX:RDM) to test targets across the Gulf and Three Ways copper-gold assets. Challenger Gold (ASX:CEL) has rolled out a toll treatment PFS that reveals a low-cost, near-term production path at Hualilán in Argentina. Challenger also raised $34.5 million to advance its Hualilan gold project into production, with first cash flows expected soon. Nordic Resources (ASX:NNL) has some intriguing projects with close to 1Moz gold in its portfolio after completing its Finnish acquisitions. Locksley Resources (ASX:LKY) is progressing tenders for upcoming drilling at its El Campo rare earths prospect in California after being awarded drill permits. Assays from White Cliff Minerals' (ASX:WCN) maiden RC drilling at the Rae project in Canada have returned 105m at 2.25% copper with higher-grade intervals up to 3.93%. DY6 Metals (ASX:DY6) has got first boots on the ground at its rutile projects in Cameroon in preparation of a maiden campaign. Future Battery Minerals (ASX:FBM) is increasing its gold footprint near Coolgardie by applying for seven new contiguous tenement applications at Burbanks East. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Lunch Wrap: ASX creeps lower as IperionX lands Pentagon payday
News.com.au
4 days ago
- Business
- News.com.au
Lunch Wrap: ASX creeps lower as IperionX lands Pentagon payday
ASX creeps lower despite miners lifting Lynas pops 8pc on China rare earths squeeze IperionX lands $152m Pentagon titanium deal The ASX inched lower by 0.1% at lunch time AEST on Thursday. Miners such as Fortescue (ASX:FMG), which was up by 1%, did the heavy lifting. And Lynas (ASX:LYC) went ballistic, up 10%, after a bit of good news for the rare earths space. Turns out some of Europe's biggest carmakers are starting to feel the pinch from China's rare earths export controls, and Lynas is quickly shaping up as a reliable alternative in a tightening market. In the US overnight, bond yields sank as traders piled into bets that the Fed might deliver not just one, but two rate cuts this year. September is looking like a sure thing now, and you could almost hear the doves cooing from Capitol Hill. Tech sentiment, meanwhile took a wobble after Apple was downgraded by Needham, who reckons it's falling behind in the AI race. Tesla dropped over 3% after Elon Musk went on a full-tilt political offensive, blasting Trump's new tax plan as a 'disgusting abomination' and telling Americans to 'kill the bill.' Back home to the ASX, where just five of 11 sectors were flashing green. The headline of the morning came from $1.4bn market-capped IperionX (ASX:IPX), the titanium player that just scored a golden ticket from the Pentagon. Shares in IperionX rocketed 21% after the company locked in a contract worth up to US$99 million with the US Department of Defense. It's a Phase III SBIR deal, what it really means is IPX has graduated from R&D to full-blown production. The first orders will focus on titanium fasteners for defence agencies, with all the kit built at its plant in Virginia. It's a big nod of confidence for Iperion X, and a win for the US as it tries to wean itself off foreign suppliers. Meanwhile, Magellan Financial Group (ASX:MFG) kept bleeding, but at least it's not gushing anymore. The fundie has just posted $400 million in outflows for May, down from $1 billion the month before. Assets under management inched higher across most of its strategies, with infrastructure holding steady. Total AUM now sits at $39.3 billion. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for June 5 : Security Description Last % Volume MktCap EV1 Evolutionenergy 0.014 75% 2,147,660 $2,901,204 ADD Adavale Resource Ltd 0.002 50% 400,066 $2,287,279 AUH Austchina Holdings 0.002 50% 27,230 $3,025,384 AOA Ausmon Resorces 0.002 33% 375,000 $1,966,820 EEL Enrg Elements Ltd 0.002 33% 1,000,000 $4,880,668 ZEU Zeus Resources Ltd 0.012 33% 12,469,218 $5,766,058 GTR Gti Energy Ltd 0.005 29% 33,710,486 $10,496,324 EDE Eden Inv Ltd 0.003 25% 2,498,367 $8,219,762 ENT Enterprise Metals 0.003 25% 100,108 $2,356,635 ENV Enova Mining Limited 0.010 25% 44,085,113 $11,308,006 OLI Oliver'S Real Food 0.005 25% 30,000 $2,162,928 TMX Terrain Minerals 0.003 25% 22,788 $4,497,113 ION Iondrive Limited 0.027 23% 5,953,328 $26,022,399 LAM Laramide Res Ltd 0.875 22% 580 $14,828,157 CDE Codeifai Limited 0.017 21% 992,179 $4,564,445 IRX Inhalerx Limited 0.040 21% 1,221,477 $7,043,791 HWK Hawk Resources. 0.018 20% 2,008,040 $4,063,942 ATX Amplia Therapeutics 0.060 20% 5,836,140 $19,397,633 ALY Alchemy Resource Ltd 0.006 20% 871,491 $5,890,381 OMG OMG Group Limited 0.006 20% 966,720 $3,641,474 PER Percheron 0.012 20% 3,787,762 $10,874,376 TEG Triangle Energy Ltd 0.003 20% 2,550,000 $5,223,085 GTI Energy (ASX:GTR) says early numbers from its Lo Herma uranium project in Wyoming look promising, pointing to a potential low-cost in-situ recovery (ISR) operation producing around 800,000 pounds of uranium a year. The scoping study was run by Wyoming-based experts BRS Engineering and outlines a seven-year plan with a total production target of nearly 6 million pounds. It's still early days, though – most of the resource is in the lower-confidence 'Inferred' category, so there's no guarantee the uranium's all there or that it'll stack up economically just yet. FireFly Metals (ASX:FFM) has locked in a C$25.8 million (~A$28.8m) funding deal with BMO in Canada and another $46 million from Aussie investors through placements and a share purchase plan. The funds will go towards advancing its Green Bay copper-gold project in Canada, including underground development, drilling, and pre-construction work. It's a big step forward as it looks to push Green Bay closer to production. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for June 5 : Code Name Price % Change Volume Market Cap OVT Ovanti Limited 0.002 -33% 3,711,682 $8,380,545 PIL Peppermint Inv Ltd 0.002 -33% 2,830,000 $6,828,269 GMN Gold Mountain Ltd 0.002 -25% 1,347,106 $11,239,518 AVE Avecho Biotech Ltd 0.004 -20% 655,257 $15,867,318 MEM Memphasys Ltd 0.004 -20% 30,805 $9,917,991 1AD Adalta Limited 0.003 -17% 5,146,114 $3,020,120 AJL AJ Lucas Group 0.005 -17% 624,546 $8,254,378 IFG Infocusgroup Hldltd 0.005 -17% 2,989 $1,655,771 JAV Javelin Minerals Ltd 0.003 -17% 537,500 $18,378,447 RFT Rectifier Technolog 0.005 -17% 20,000 $8,291,904 EPM Eclipse Metals 0.016 -16% 18,423,152 $54,450,562 QEM QEM Limited 0.051 -15% 57,568 $11,450,021 RDN Raiden Resources Ltd 0.006 -14% 2,515,475 $24,156,240 SRJ SRJ Technologies 0.012 -14% 769,489 $8,478,093 PEB Pacific Edge 0.091 -13% 2,752 $85,251,177 OLY Olympio Metals Ltd 0.034 -13% 579,499 $3,434,625 AVW Avira Resources Ltd 0.007 -13% 17,217 $1,754,286 KLI Killiresources 0.028 -13% 97,087 $4,487,160 PNT Panthermetalsltd 0.014 -13% 798,024 $4,814,473 WCE Westcoastsilver Ltd 0.080 -11% 1,807,262 $23,410,888 WWG Wisewaygroupltd 0.160 -11% 12,954 $30,123,575 ANX Anax Metals Ltd 0.008 -11% 1,596,673 $7,945,268 LCY Legacy Iron Ore 0.008 -11% 25,000 $87,858,383 Tyro Payments (ASX:TYR) crashed 11% after announcing that CEO Jon Davey is stepping down. He's been offered a new private equity gig, based in Melbourne. Davey's been with Tyro since 2021, arriving via the Medipass acquisition and moving into the top job the following year. He'll hang around for up to six months to help with the handover. IN CASE YOU MISSED IT Two collaborative drilling grants totalling $400,000 have been awarded to Red Metal (ASX:RDM) to test targets across the Gulf and Three Ways copper-gold assets. Challenger also raised $34.5 million to advance its Hualilan gold project into production, with first cash flows expected soon. Locksley Resources (ASX:LKY) is progressing tenders for upcoming drilling at its El Campo rare earths prospect in California after being awarded drill permits.
Yahoo
15-04-2025
- Business
- Yahoo
IperionX – March 2025 Quarterly Report
CHARLOTTE, N.C, April 15, 2025--(BUSINESS WIRE)--IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to present its quarterly report for the period ending March 31, 2025. Key highlights during and subsequent to the end of the quarter include: Commercial Operations – On Track and Accelerating Commissioning of the Titanium Manufacturing Campus in Virginia progressed rapidly during the quarter, with full system scrap-to-forged titanium product operational capacity expected by mid-2025. Repeated production cycles of the Hydrogen Assisted Metallothermic Reduction (HAMR™) furnace continue to successfully produce high-quality titanium that exceeds industry standards. Commissioning-phase process improvements have reinforced the low-capex scalability of the HAMR process, and underscore strong potential to surpass original nameplate titanium powder production. Commissioning of initial pressing and Hydrogen Sintering and Phase Transformation (HSPT™) sintering systems is complete, enabling forged near-net-shape titanium production. Expanding Commercial and Strategic Customer Partnerships Product development and qualification continues to build momentum across key customer sectors - defense, automotive and consumer electronics. Strong customer engagement for high-performance titanium components that suffer from historically low material yields (high scrap rates) - such as titanium fasteners, housings, and precision components. IperionX is actively working on pilot production, with eight commercial partners supporting a rapid path-to-market for high-performance titanium manufactured components. Continued Momentum in U.S. Government Engagement IperionX was awarded up to $47.1 million in U.S. Department of Defense (DoD) funding to accelerate development of a secure, low-cost, mineral-to-metal titanium supply chain. An additional $11.0 million in financing was approved by the U.S. Export-Import Bank for advanced manufacturing equipment. IperionX is progressing long-term, tax-exempt bond financing through Virginia's Halifax County Industrial Development Authority to underpin future titanium production expansions. Multiple additional government funding applications are underway, with strong potential for fast-track review under the new U.S. administration. Titanium Production Expansion Plans Underway The DoD award provided the catalyst to commence engineering and design for expansion of titanium production capacity at the Titanium Manufacturing Campus. Expansion of titanium production capacity is targeted by the end of 2026, with future modular-based production expansions scoped through to 2030. Expansion plans are expected to be released mid-2025. Titan Project - DFS Underway for U.S. Critical Minerals Supply Definitive Feasibility Study (DFS) commenced at the Titan Critical Minerals Project, funded in part by the recent U.S. DoD award. The Titan Project is the largest critical mineral sands project in the U.S. The DFS, expected to be completed in Q2 2026, will define engineering, flowsheets, and infrastructure for long-term supply of titanium feedstock and heavy rare earths, including dysprosium and terbium - key elements for high-performance magnets and defense systems. Strong Financial Position At March 31, 2025, IperionX held US$66.1 million in cash A link to the full announcement can be found here. View source version on Contacts Anastasios (Taso) Arima, Founder and CEOToby Symonds, PresidentDominic Allen, Chief Commercial Officer Investors: investorrelations@ Media: media@ +1 980 237 8900
Yahoo
15-04-2025
- Business
- Yahoo
Market Sentiment Around Loss-Making IperionX Limited (ASX:IPX)
With the business potentially at an important milestone, we thought we'd take a closer look at IperionX Limited's () future prospects. IperionX Limited engages in exploration and development of its mineral properties in the United States. The AU$753m market-cap company posted a loss in its most recent financial year of US$22m and a latest trailing-twelve-month loss of US$28m leading to an even wider gap between loss and breakeven. Many investors are wondering about the rate at which IperionX will turn a profit, with the big question being 'when will the company breakeven?' In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. According to the 4 industry analysts covering IperionX, the consensus is that breakeven is near. They expect the company to post a final loss in 2026, before turning a profit of US$53m in 2027. So, the company is predicted to breakeven approximately 2 years from now. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we calculated an average annual growth rate of 80%, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected. We're not going to go through company-specific developments for IperionX given that this is a high-level summary, though, bear in mind that by and large metals and mining companies, depending on the stage of operation and metals mined, have irregular periods of cash flow. So, a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. Check out our latest analysis for IperionX One thing we'd like to point out is that The company has managed its capital prudently, with debt making up 0.02% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company. There are too many aspects of IperionX to cover in one brief article, but the key fundamentals for the company can all be found in one place – IperionX's company page on Simply Wall St. We've also put together a list of important aspects you should look at: Valuation: What is IperionX worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether IperionX is currently mispriced by the market. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on IperionX's board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
14-04-2025
- Business
- Yahoo
Market Sentiment Around Loss-Making IperionX Limited (ASX:IPX)
With the business potentially at an important milestone, we thought we'd take a closer look at IperionX Limited's () future prospects. IperionX Limited engages in exploration and development of its mineral properties in the United States. The AU$753m market-cap company posted a loss in its most recent financial year of US$22m and a latest trailing-twelve-month loss of US$28m leading to an even wider gap between loss and breakeven. Many investors are wondering about the rate at which IperionX will turn a profit, with the big question being 'when will the company breakeven?' In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. According to the 4 industry analysts covering IperionX, the consensus is that breakeven is near. They expect the company to post a final loss in 2026, before turning a profit of US$53m in 2027. So, the company is predicted to breakeven approximately 2 years from now. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we calculated an average annual growth rate of 80%, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected. We're not going to go through company-specific developments for IperionX given that this is a high-level summary, though, bear in mind that by and large metals and mining companies, depending on the stage of operation and metals mined, have irregular periods of cash flow. So, a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. Check out our latest analysis for IperionX One thing we'd like to point out is that The company has managed its capital prudently, with debt making up 0.02% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company. There are too many aspects of IperionX to cover in one brief article, but the key fundamentals for the company can all be found in one place – IperionX's company page on Simply Wall St. We've also put together a list of important aspects you should look at: Valuation: What is IperionX worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether IperionX is currently mispriced by the market. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on IperionX's board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
