IperionX Ltd. is in negotiations to build a titanium powder processing plant in Halifax County, Virginia. The facility would be capable of producing 138 tons a year from 100% recycled metal in its initial phase.
IperionX (NASDAQ: IPX) could qualify for $4.87 million in state and local incentives for the project. In order to receive the proposed incentives, the company would have to spend $82 million on equipment and employ 108 workers within 36 months after opening the facility.
The initial phase…
