IPX Analysis: Response to Short Seller Report

Event: Response to Short Seller Report | Date: 2025-11-17 | Source: IperionX Press Releases

IperionX Counters Short Seller Claims with Operational Reaffirmation

On 17 November 2025, IperionX Limited released a statement responding to a short seller report from Spruce Point Capital Management, which questioned the company's technology, execution, and financials. The response, issued via GlobeNewswire and noted in ASX disclosures, emphasized IperionX's government-backed progress, including $42.5 million in obligated funding from the U.S. Department of Defense's IBAS program out of a $75 million total, with recent tranches of $12.5 million in August and $25 million in September. Management highlighted operational milestones like the commissioning of a 200 tpa titanium facility and successful deliveries to the U.S. Army, while dismissing the report as containing factual inaccuracies. No changes to financial guidance or forecasts were provided, but the company reaffirmed its cost targets and timelines remain consistent with prior disclosures. The stock fell 3% on the ASX following the report's release, reflecting short-term sentiment impact. Source: IperionX Press Releases.