Glenn Youngkin, the governor of Virginia, has announced that IperionX Limited, a US critical minerals company, plans to make a capital investment totaling $82.1 million to establish Virginia’s first titanium demonstration facility in Halifax County. The company’s project will develop over two phases, with phase one consisting of a $12.5 million investment in building construction and production-related machinery and tools, and a further $69.6 million investment anticipated under a Phase 2 expansion within three years of the initial development.
The company will initially occupy the 50,000-square-foot Halifax Shell Building in the Southern Virginia Technology Park and plans to expand the facility to 100,000 square feet in the coming years. IperionX intends to source 100% renewable energy to produce 100% recycled titanium to supply advanced industries including automotive, defense, aerospace, electric vehicles, and 3D printing. IperionX plans to develop the titanium demonstration facility as a showcase for the intersection of titanium powder production with additive manufacturing and other powder metallurgy applications. Virginia successfully competed with North Carolina, South Carolina, and West Virginia for the project, which will create 108 new jobs over the three-year Phase 1 and Phase 2 development period.
“We are thrilled to welcome IperionX to the Commonwealth. The new Halifax County operation will represent the first titanium metal powder facility in the US using 100% recycled titanium scrap as feedstock, putting Virginia on the map for providing a critical material that is essential for our advanced industries,” said Governor Glenn Youngkin. “We look forward to supporting this forward-thinking company that will develop a new supply chain of titanium right here in the Commonwealth while creating high-quality jobs.”
“We are delighted to have chosen South Boston and Halifax County as the site for our inaugural titanium demonstration facility, which is a critical step in advancing IperionX’s ambition to re-shore an all-American source of titanium metal. We are highly appreciative of the support and welcome that we have received from our partners and stakeholders in Virginia and look forward to establishing IperionX as a leader in advanced manufacturing in our new home,” said Anastasios Arima, Founder, and CEO of IperionX.
“IperionX Limited provides innovative solutions to the critical materials supply chain of our nation, and we applaud their selection of Halifax County as the location to match their technology with the strong skill sets of the existing workforce,” said Linda Green, Executive Director of the Southern Virginia Regional Alliance. “Their work in diverse emerging industry sectors promises opportunity for Halifax workers for generations to come.”
“Dominion Energy welcomes IperionX to Virginia. We are excited for the opportunity to meet their energy needs, while also helping to support its sustainability goals,” said Felicia Howard, Vice President of Economic Development Strategy at Dominion Energy.
“I am proud that Virginia will be home to a state-of-the-art titanium demonstration facility that will shore up domestic supply chains for emerging technology in a forward-thinking, sustainable way while creating jobs and opportunities in Halifax County,” said US Senator Mark Warner.