Mr. Dominique Dallaire reports

IPERIONX AND HEROUX-DEVTEK PARTNER FOR AEROSPACE TITANIUM RECYCLING

IperionX Ltd. and Heroux-Devtek Inc. have signed an agreement to underpin a 100-per-cent-recycled titanium supply chain using scrap titanium metal from the aerospace industry.

Heroux-Devtek specializes in the design, development, manufacture and repair of landing gear, actuation systems and components for the global aerospace market. It serves both the commercial and defense aerospace sectors and is the third-largest landing gear company in the world.

Under this partnership, Heroux-Devtek will supply IperionX with Ti-6Al-4V alloy scrap metal generated from landing gear manufacturing. In turn, IperionX will employ its patented titanium processing technologies to convert this titanium scrap into low-carbon titanium for future applications. The processing of the Heroux-Devtek titanium scrap will be expertly managed by Aperam/ELG Utica Alloys, under its existing partnership with IperionX.

The aerospace industry depends on titanium, given its superior strength, light weight and exceptional corrosion resistance. Titanium is integral to a myriad of aerospace applications, including airframe structural components, engine components and landing gears. The proportion of titanium used in large commercial aircraft has significantly increased over the last two decades and is now approximately 15 per cent of the weight of modern unladed aircraft1.

Titanium has been mass produced in the same way since the 1940s when the existing Kroll process was developed. The Kroll process is energy intensive, high cost and produces high levels of greenhouse gas emissions. In addition, the current manufacturing process for titanium products generates large volumes of titanium waste that is typically downcycled to the ferro-titanium market or shipped to landfill.

IperionX's patented titanium production technologies use less energy to produce titanium, at lower costs, with zero scope 1 and 2 emissions, and provides a pathway to sustainable production of titanium by using 100 per cent scrap titanium as feedstock.

Notably, aerospace industry landing gears also use other high-performance titanium alloys, including Ti-5553 and Ti-10-2-3, that are valued for improved fracture toughness and strength. IperionX's technologies can upcycle these titanium alloys, eliminating the need for a remelt process, and allow these alloys to be used in a range of new high-performance applications.

Dominique Dallaire, Heroux-Devtek vice-president, central division, said:

"The partnership between Heroux-Devtek and IperionX establishes a new benchmark in the sustainability of the aerospace supply chain through the development of low-carbon titanium materials for North American markets. We look forward to building upon this agreement and investigating the potential application of fully circular recycled titanium metal within Heroux-Devtek's future operations."

Anastasios (Taso) Arima, IperionX chief executive officer, said:

"We are pleased to partner with Heroux-Devtek to develop a sustainable, circular titanium supply chain for the advanced U.S. industries. This partnership with Heroux-Devtek provides IperionX with a diversified, long-term supply of titanium feedstock for the production of American titanium and will enhance the sustainability of the aerospace supply chain."

About Heroux-Devtek Inc.

Heroux-Devtek is an international company specializing in the design, development, manufacture, and repair and overhaul of landing gear, actuation systems and components for the aerospace market. The corporation is the third-largest landing gear company worldwide, supplying both the commercial and defence sectors of the aerospace market with new landing gear systems and components, as well as aftermarket products and services. The corporation also manufactures hydraulic systems, fluid filtration systems and electronic enclosures.

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