IperionX updates capital structure as performance securities expire

IperionX Limited announced on December 23, 2025, the expiry of all remaining vendor performance-linked securities. These included 19,800,000 Class B Performance Shares, 4,000,000 Class A Performance Options, and 4,000,000 Class B Performance Options, originally issued in 2020 as part of the acquisition of the Titan Critical Minerals Project. This change resulted in an updated capital structure reflecting 336,322,679 quoted ordinary shares and reduced unquoted options and performance rights.

Concurrently, the company issued 678,429 fully paid ordinary shares on December 23, 2025, from options exercised and conversion of restricted stock units. Additionally, IperionX issued 59,000 Performance Rights expiring December 31, 2025, 5,000 Performance Rights expiring December 31, 2026, and 235,000 Options expiring April 1, 2027, with an exercise price of A$10.00, under its employee incentive scheme.

These transactions collectively led to an updated total of 336,322,679 quoted ordinary shares and a revised count of unquoted securities. The unquoted securities now include 106,093 options (A$0.87, exp. 5-Dec-2026), 1,374,746 options (A$5.00, exp. 10-Apr-2029), 1,305,000 options (A$8.00, exp. 30-Jun-2027), 235,000 options (A$10.00, exp. 1-Apr-2027), 8,423,409 performance rights, and 4,741,127 restricted stock units.