IperionX and United Stars sign framework agreement

IperionX (ASX:IPX) has signed a framework agreement with Wisconsin-based United Stars Holdings with terms that will underpin a definitive commercial supply agreement for IperionX’s titanium products.

United Stars expects to purchase up to 80 metric tons annually of IperionX’s ‘high-performance’, low cost and sustainable titanium products over a 10-year supply term.

United Stars and IperionX’s partnership will focus on the defence, and advanced technology sectors with products for vehicle drivetrains, robotic motors, and wind turbines, that require lightweight, strong, compact and corrosion resistant performance.

IperionX is building an end-to-end American titanium supply chain solution that spans from the production of US-sourced titanium minerals, advanced technology to refine these minerals to +99% TiO2, and the capability to utilize the largest range of recycled scrap titanium to produce low-cost and high-performance titanium alloys.

United Stars Chairman and CEO Roger West says titanium is a superior metal for a majority of use cases and ever since the US became 100% import reliant on titanium metal sponge from foreign sources in 2020 he has been searching for a US company with the ability to economically and securely re-shore an integrated supply chain for titanium.

“This relationship will prove incredibly valuable for my portfolio of companies and I’m also proud to play a role in supporting the interests of US national security. Taso Arima’s vision to re-shore the US titanium supply chain, combined with the team that he has assembled, makes IperionX an organization that I am pleased to partner with.”

IperionX’s patented technology portfolio enables the production of low cost and high-performance near net shape products, semi-finished titanium products (such as ingot, bar, plate, wire), spherical titanium powder for additive manufacturing and metal injection moulding, and angular titanium powder for a wide range of advanced manufacturing applications.

Anastasios (Taso) Arima, IperionX CEO says the company is pleased to partner with Roger West and his team to manufacture advanced titanium products for the defence, and commercial sectors.

“United Stars, a leading American supplier of precision gears, shafts, and complex assemblies, is a strong commercial partner to manufacture advanced titanium components for their global customers across the automotive, defence, oil and gas, construction, mining, locomotive and agriculture sectors.

United Stars are aligned with our mission to re-build an integrated ‘end-to-end’ US titanium supply chain and strengthen America’s manufacturing independence.”

United Stars is a multi-generational, family owned and operated company owned by Roger West, an entrepreneur whose father Clarence West founded the company in 1936.

United Stars’ companies are American suppliers of industrial components including, stainless steel tubing, precision gears, shafts, and complex assemblies, as well as tooling and components for defence, aerospace, and commercial applications.

The company serves OEMs and tier-one suppliers across the aerospace, automotive, defence, oil and gas, construction, mining, locomotive pharmaceutical, and agriculture sectors.

Major customers include Boeing, BAE Systems, Lockheed Martin, General Electric, Lucid Motors, General Motors, Toyota, Caterpillar, BorgWarner, Oshkosh, and John Deere.

IperionX’s Titan critical minerals project is one of the largest mineral resources of titanium, rare earths, and zircon minerals sands in the US.

Write to Adam Orlando at Mining.com.au

Images: IperionX
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.