Looks like everything is on track
- Titanium Production Facility
- Furnace installed
- Commissioning in Q2 2024
- First Production in mid-2024 - 125tps by the end of 2024
- 2000tpa in 2026
- Expansion studies (above 2000tpa) already underway
- Advanced Manufacturing Center
- Construction completed
- Commissioning is underway
- First products in the coming weeks
- Partnership with United Stars as recently announced
- Titan Project
- Significant commercial interest
- Japanese conglomerate still working the bulk sample test
- Hope to see some news on that front soon
- US government funding
- US$ 3.8m received from US$12.7m (DPA Title III funding)
- Equipment financing US$11.5m with EXIM Bank advancing
- Several government programs aim to re-shore a secure, low-cost, sustainable domestic titanium supply chain with focus on using titanium scrap and minerals as source. The specifics of this programs are matching 100% to everything IPX is doing right now!
In summary a hot summer is awaiting IPX and its shareholders
Greetins miningfox
Ann: March 2024 Quarterly Report, page-2
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