IperionX IPXIperionx Ltd. Sponsored ADRBATS:IPXSimeonNikolaev-invest IperionX has a patented technology for 100% titanium recycling (HAMR), which is critical for US defense and aerospace. The company has already received millions of dollars in government funding. Risks: The company is still "pre-revenue" (does not generate significant revenue) and losses are increasing, but it has enough cash ($79 million) to fund its plans.