IPX achieves first production.

Although significant, IPX won't be EBITDA positive till next year at least.

Not sure why this news justifies a 10% move on the share price as I think we already know the tech works.

Bell Potter and CG were part of the recent raise, so I wonder if they are working the share price again to get some buddies out.

I haven't added on the news as I haven't seen something tangible from a financial perspective (such as reduced cash burn or cashflow positive now instead of early FY26)

[held]

CG report 20 May 24

Trying something different, let me know if too small

Overall it is clear this is more a Titanium producer/refiner than a rare earths company. Not much mention about the Titan project.

[held]

Bell Potter upgraded the price target to 3.85 which seems to be responsible for the recent rally.

Still waiting patiently for this to drop more after the inst placement at 1.90. But with the chairman taking up most of the placement it is unlikely to happen

Held

Completed a 50m placement with instos at 1.90

Nothing for retail.

Hoping I could get some under $2 but looks like it won't happen. Maybe have to stop being greedy.

Revenue to come in within a month

Been in and out of this. Wish I stayed for the long haul as I'm now playing catch-up

Unlike other companies I've reviewed this has pretty good management with potential competitive advantage being a low cost "processor" of titanium with downstream products as a bonus.

Just a slight risk that Russia and China controls the market but it will be very hard to push the cost curve down to the same level as this business as that could decimate the titanium businesses there.

[held]

Quarterly report (this used to be TAO Commodities)

Apologies if the copy paste was not done properly

Overall the quarterly reads well and seems like a lot of progress in the quarter including a MOU with Energy Fuels. Hyperion metals (was TAO commodities before) has the Titan project in USA which consists of Monazite (Rare earth bearing mineral) and heavy mineral sands. They are also turning the mineral sands into high quality silica for glassmaking and solar panels and moving up the Titanium supply chain with a patented technology to produce Titanium powder with low environmental impact (similar to ASM). From the presentation we should expect further newsflow including a JORC estimate and scopting study in HY 2021

Holding HYM. Bought this to get US exposure into mineral sands, rare earths (Monazite) and titanium. I wish I found this earlier.

Summary below

Hyperion Metals Limited (ASX: HYM) (“Hyperion” or “Company”) is pleased to present its March 2021 quarterly report.Highlights during and subsequent to the quarter were:

• Signed a research agreement and option for exclusive license to develop titanium metal powders using the breakthrough HAMR technology invented by Dr. Z. Zak Fang at the University of Utah. Hyperion’s mission is to be a leading developer of zero carbon, sustainable, critical material supply chains for advanced American industries including space, aerospace, electric vehicles, and 3D printing;
• Signed a Memorandum of Understanding with Energy Fuels Inc.(NYSE: UUUU) (TSX: EFR) for the potential supply of Monazite,a valuable rare earth-bearing mineral,from the Company’s Titan Project to Energy Fuels ’White Mesa Mill in Utah. Energy Fuels is a leading U.S. producer of uranium and vanadium and an emerging player in the commercial rare earth business,with a market capitalization of approximately A$1 billion;
• Completed Phase 1 and 2 drill programsat the Titan Project, which confirmed a newly defined critical mineral province in the U.S. with consistent grade and thickness of mineralization over approximately 3.6km strike length. Assays from all holes of the Phase 1 and 2 drill programs returned thick zones of high-grade Total Heavy Minerals near surface;
• Preliminary analysis of Valuable Heavy Minerals at the Titan Project indicates a highly valuable mineral assemblage consisting of 16.9% Rutile, 14.5% Zircon, 21.6% Leucoxene, 1.8% Monazite and 46% other hi-titanium minerals;
• Three ~500kg bulk samples were collected and sent for analysis and pilot scale mineral separation at Mineral Technologies in Starke, Florida, for flowsheet development to produce mineral products for customer discussions;
• Appointed Mr. Anastasios (Taso) Arima as Managing Director of the Company. He has extensive experience in the development of resource projects and is the founder and a Director of Piedmont Lithium;
• Appointed Mr. Todd Hannigan as Non-Executive Chairman of the Company, and Mr. Vaughn Taylor and Alastair Smith as Non-Executive Directorsof the Company;
• Expanded the Company’s senior management team with the additions of a Community Relations Manager,a Financial Controller,and a Senior Project Manager;
• Increased the Company’sland position at the Titan Project to 3,850 acres, adding to a large and contiguous package of surface and mineral rights;
• Completed A$3.6 million placement, with the Company’s Chairman, Mr. Todd Hannigan,subscribing for A$1.0 million in the placement; and

The Company changed its name to Hyperion Metals (ASX: HYM)