IPERIONX Ltd (IPX) Form 20-F — Sep 29, 2026
IperionX filed its FY2026 20-F reporting a net loss of $66.8 million (vs $35.3 million in FY2025) with cash of $35.2 million at June 30, 2026. The Virginia campus moved to 24/7 commercial operations, and the company is targeting roughly 200 tpa of titanium powder run rate by end of 2026 at a projected ~$55/kg steady-state cost. The Titan Project DFS completed in June 2026 showed an after-tax NPV8 of $813 million, 39.4% IRR and $1.9 billion forecast after-tax free cash flow over a 14-year mine plan. IperionX also completed the $3.0 million Atlas acquisition from Covia Solutions on July 1, 2026, adding stockpiles and infrastructure adjacent to Titan.
Key figures
- Cash Position
- 35200000
- Shares Outstanding
- 339384066
- Ibas award
- 47100000
- Net assets
- 88300000
- Net loss fy2025
- 35300000
- Dpa title iii award
- 12700000
- Long term target tpa
- more than 10,000 by 2030
- Planned expansion tpa
- 1400
- Titan mine life years
- 14
- Ads price range fy2026
- $21.98 to $60.11
- Sbir phase iii pathway
- 99000000
- Atlas acquisition price
- 3000000
- Titan dfs after tax irr
- 39.4%
- Titan dfs after tax npv8
- 813000000
- Non affiliate market value
- approximately US$1.00 billion (Dec 31, 2025)
- Nameplate capacity increase
- 125 tpa to ~200 tpa
- Targeted powder run rate tpa
- approximately 200 by end of calendar 2026
- Titan forecast after tax fcf
- 1900000000
- Projected steady state unit cost
- $55/kg at full utilization
- Operating and investing cash outflow fy2026
- 63500000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.