These development permits include the National Pollutant Discharge Elimination System (NPDES) Permit and Surface Mining Permit, with any remaining regulatory requirements expected to be complete by the end of the year, according to the company.
“The Titan Project is one of the most advanced critical mineral projects in the US that is fundamental to underpin the supply chain security of titanium and rare earths needed for the defense, electric vehicle and renewable energy,” IperionX said. “To meet the increasing demand for sustainable and lower cost titanium metal, IperionX plans to re-shore a sustainable US titanium mineral to titanium metal supply chain, and close the loop of this supply chain by recycling titanium metal.”
One assessment suggests that the mine will produce an annual EBITDA of around US$117 million.
