- Hyperion Metals (HYM) has released its maiden resource estimate (MRE) for the Titan Project in Tennessee
- Titan now sits at a total mineral resource of 431 million tonnes at 2.2 per cent total heavy minerals
- The MRE has established the project as the largest titanium, zircon and rare earths minerals project in the US
- Hyperion is up 9.13 per cent, trading at $1.14 per share at 2:15 pm AEDT
Hyperion Metals (HYM) shares are up today after it released its maiden resource estimate (MRE) for the Titan Project in Tennessee.
The Titan Project now sits at a total mineral resource of 431 million tonnes at 2.2 per cent total heavy minerals (THM), containing 9.5 million tonnes TMH at 0.4 per cent cut-off grade.
Approximately 56 per cent or 241 million tonnes of the MRE is classified in the indicated resource category.
The MRE has established the project as the largest titanium, zircon and rare earths minerals project in the US and confirms Tennessee as a major new American critical mineral province.
Titan covers 6000 acres (2428 hectares) of titanium, rare earth minerals and zircon rich mineral sands.
Hyperion’s mission is to be the leading developer of zero carbon, sustainable, critical material supply chains for advanced American industries such as space, aerospace, electrical vehicles and 3D printing.
The MRE is a key step in developing a fully integrated domestic titanium metal and rare earth supply chain.
CEO and Managing Director Anastasios Arim is very pleased with the MRE.
“The maiden MRE has immediately established the Titan Project as a major, untapped potential source of critical minerals rich in titanium, zircon and heavy and light rare earths,” he said. “The combination of scale and grade of these high value, critical minerals – in a low risk, low cost and low tax jurisdiction – has the potential to drive significant value creation.
“Together with our breakthrough titanium technologies and the strong partnerships we are building with industry, we believe we can deliver a sustainable US critical supply chain that will create long term value for the communities of west Tennessee, future offtake partners and our shareholders.”
Hyperion is up 9.13 per cent, trading at $1.14 per share at 2:15 pm AEDT.