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- Iperionx (IPX) places its shares in a trading halt pending the release of a capital raise announcement
- The company will remain in the halt until the earlier of Thursday, September 8, or when the announcement is released
- On August 30, Iperionx announced it had signed a partnership with Officine Panerai to produce high-end timepieces using fully recycled titanium from its patented technologies
- The company has produced prototype watch bands and will begin manufacturing a watch case for a limited edition design that will be released to the market next year
- Shares in Iperionx last traded at 85.5 cents on September 5
Iperionx (IPX) has placed its shares in a trading halt pending the release of a capital raising announcement.
The company will remain in the halt until the earlier of Thursday, September 8, or when the announcement is released.
Iperionx is yet to disclose how much it intends to raise or what it will use the funds for once received.
On August 30, Iperionx announced it had signed a partnership with Officine Panerai to produce high-end timepieces using fully recycled titanium from its patented technologies.
Under the agreement, Iperionx has produced prototype watch bands and will begin manufacturing a watch case for a limited edition design that will be released to the market next year.
Iperionx will continue to work on additional watch designs that will incorporate further sales agreements for future designs.
Shares in Iperionx last traded at 85.5 cents on September 5. The company has a $120.7 million market cap.
