▪ Regarding the Memorandum of Understanding on the supply of titanium raw materials to Chemours, Chemours is one of the world’s largest manufacturers of high-quality titanium dioxide products for coatings, plastics and laminates

▪ Chemours runs a paint factory in New Johnsonville, which is about 20 miles from Hyperion’s Titan project

▪ The Titan project provides material logistics advantages over raw materials imported into the United States, which may significantly reduce carbon emissions from the mine-to-market supply chain

Hyperion Metals Limited (ASX: HYM) is pleased to announce that it has reached a non-binding memorandum of understanding ("MoU") with The Chemours Company FC, LLC on the potential supply of titanium raw materials ilmenite and rutile as an industrial mineral staurolite , From the Titan Project of Hyperion in western Tennessee to Chemours.

The Memorandum of Understanding plans to start negotiations on a supply agreement between Hyperion and Chemours. The agreement has an initial term of 5 years and will supply up to 50,000 tons of ilmenite, 10,000 tons of rutile and 10,000 tons per year using an agreed market-based pricing method. Stone pillars.

Chemours is one of the world's largest manufacturers of high-quality titanium dioxide products used in coatings, plastics and laminates. Chemours' global titanium dioxide nameplate capacity is 1,250,000 tons, including New Johnsonville, Tennessee, 20 miles from the Hyperion Titan project, and DeLisle, Mississippi, 1,100 miles from the Mississippi return barge.

Hyperion holds a 100% interest in the Titan project, which covers approximately 11,000 acres of titanium, rare earth minerals and zircon-rich ore assets in Tennessee, USA. The Titan project is located in a strategic location near Camden Town in the southeastern United States, connecting it to world-class manufacturing and customers through low-cost road, rail and water logistics.

Hyperion’s first mineral resource estimate has confirmed that the Titan project is one of the largest and most important key deposits in the United States. It has plateau value and is composed of high-value zircon, titanium minerals and heavy and light rare minerals. Earth element. The shallow, high-grade and loose nature of sandy mineralization makes simple mining operations possible, such as bulldozer push, followed by industry standard mineral processing procedures.

Compared with the key minerals imported into the United States, the Titan project benefits from important logistics advantages. Through sales agreements with domestic customers (which may include Chemours), the carbon emissions of the mining area may be significantly reduced to the market supply chain.

It is estimated that the carbon emissions associated with shipping indicate that one-way transportation from major titanium export ports can reduce 2,300-5,000 tons of carbon dioxide, which translates to approximately 50-200 kg of carbon dioxide per ton of product. As a comparable benchmark, passenger cars in the United States emit about 4.5 tons of carbon dioxide annually on average.

The full details of the announcement can be found here.

CEO and Managing Director Anastasios (Taso) Arima said:

"We are very pleased to cooperate with Chemours, the world's largest manufacturer of high-quality titanium dioxide products. This is a vertically integrated company that also operates the only large-scale heavy ore mine in the United States.

The combination of the high-quality key minerals of the Titan project with Chemours’ New Johnsonville plant (one of the world’s largest pigment factories) provides an excellent opportunity to develop partnerships to develop a low-carbon domestic supply chain of key minerals. American raw materials "

Hyperion’s mission is to become a leading developer of a zero-carbon, sustainable, critical material supply chain for advanced industries in the United States (including space, aerospace, electric vehicles, and 3D printing).

Hyperion holds a 100% interest in the Titan project, which covers approximately 11,000 acres of titanium, rare earth minerals, high-grade silica sand and zircon-rich ore assets in Tennessee, USA.

Hyperion has obtained the option to acquire Blacksand Technology, LLC, which has the right to use breakthrough HAMR and GSD technologies to produce low-carbon titanium metal and spherical powders. The HAMR and GSD technologies were invented by Dr. Z. Zak Fang and his team from the University of Utah with government funding from ARPA-E.

HAMR technology has proven the potential to produce titanium powder with low carbon intensity, significantly reduced energy consumption, significantly reduced costs, and product quality that exceeds current industry standards. GSD technology is a thermochemical process that combines low-cost raw materials with high-volume production to produce spherical titanium and titanium alloy powders at a fraction of the cost of comparable commercial powders.

Hyperion also signed a memorandum of understanding with Energy Fuels (NYSE: UUUU) to establish a partnership with the aim of establishing a comprehensive nationwide rare earth supply chain. The memorandum of understanding will assess the potential supply of rare earth minerals from Hyperion's Titan project to Energy Fuels for value-added processing at Energy Fuels' White Mesa Mill. Rare earths are highly valued as key materials for the production of magnets essential for wind turbines, electric cars, consumer electronics, and military applications.

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