Hyperion Metals Completes A$24 Million Placement to Advance Its Critical Mineral Project, Tennessee
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Hyperion Metals Limited has received commitments to place 20 million shares at an issue price of A$1.20 per share to institutional, sophisticated and professional investors to raise gross proceeds of A$24 million.
Proceeds from the placement will be used to accelerate the scale-up and commercialization of Hyperion’s titanium metal and metal powder technologies and for the advancement of Hyperion’s Titan Critical Mineral Project located in Tennessee.
“We are extremely pleased to welcome Fidelity as a key shareholder in Hyperion Metals, and for the outstanding support from institutional, sophisticated and professional investors,” said Anastasios (Taso) Arima, CEO and managing director of Hyperion.
Hyperion’s mission is to produce zero carbon, low-cost titanium metals and powders with an all-American, sustainable, and fully traceable supply chain. The proceeds from the placement will allow them to accelerate plans to become a leading zero carbon materials supplier to the aerospace, space, EV, and defense sectors.”
About Hyperion
Hyperion Metals’ mission is to be the leading developer of zero carbon, sustainable, critical material supply chains for advanced American industries including space, aerospace, electric vehicles and 3D printing. The company holds a 100 percent interest in the Titan Project, covering nearly 4,000 acres of prospective titanium, rare earth minerals, high grade silica sand and zircon mineral sands properties in Tennessee, as well as an option to secure the exclusive license to produce low carbon titanium metal using the breakthrough HAMR technology, invented by Dr. Z. Zak Fang and his team at the University of Utah with government funding from ARPA-E.
To stop by Hyperion’s website, CLICK HERE
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