IperionX Response to Short Seller Report

CHARLOTTE, N.C., Nov. 17, 2025 (GLOBE NEWSWIRE) -- IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) notes the short seller report released by Spruce Point Capital Management. Consistent with recommended disclosures on short-selling campaigns under ASIC’s guidance in Information Sheet 255, IperionX’s response is focused on material, verifiable facts relevant to investors and continuous disclosure obligations.

IperionX maintains confidentiality, data-security and intellectual-property controls that meet the stringent contracting requirements of the U.S. Department of War (DoW). IperionX remains focused on executing the commercial scale-up of titanium production and manufacturing in Virginia.

Spruce Point Capital did not engage with IperionX management at any time before releasing its short seller report, and the Company has no record of any attempted outreach by phone or email. Spruce Point Capital has never visited, or requested to visit, IperionX’s titanium manufacturing operations in Virginia.

IperionX will continue to update the market as required in accordance with ASIC, ASX and SEC obligations.

VALIDATION OF IPERIONX’S PATENTED TECHNOLOGIES AND U.S. GOVERNMENT SUPPORT

IperionX’s titanium technologies have been evaluated and supported through multiple U.S. Government programs including ARPA-E, DPA Title III, IBAS and, most recently, a U.S. Army led SBIR Phase III contract for procurement-ready titanium products.

These funding programs involve competitive selection processes, detailed technical due diligence, and ongoing reporting to DoW subject-matter experts who assess process performance, production quality and technology maturity. IperionX’s advancement through successive U.S. Government awards reflects the increasing readiness of its technology platform and its strategic relevance for the U.S. titanium supply chain.

IperionX’s multi-year U.S. Government support and third-party validation includes:

ARPA-E Program (2014)

ARPA-E, the U.S. Department of Energy’s advanced research agency, provided funding to the University of Utah to scale the titanium technologies from laboratory bench scale to pilot-scale production.

The U.S. Air Force Research Laboratory (AFRL) ‘Reprocessing of Metallic Scrap and Waste Powders’ Grand Challenge (2023)

IperionX won the AFRL Reprocessing of Metallic Scrap and Waste Powders Grand Challenge, for technology and processes that could transform scrap titanium into high-quality titanium metal powders.