IperionX denies undisclosed news behind share slump, details U.S. grant funding

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IperionX has stated it is unaware of any undisclosed information that could explain the recent sharp decline in its share price. The company confirmed compliance with ASX disclosure rules and clarified its U.S. Department of War grants operate on a “spend-then-reimburse” basis. IperionX noted US$6.6 million in grant-related payments were pending reimbursement and US$46.5 million remains available for future projects.

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