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IperionX Completes Acquisition of Tennessee Assets; Shares Down 4%

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IperionX (ASX:IPX) completed the acquisition of the Camden critical mineral, property, and infrastructure assets, located near its Titan project in Tennessee, according to a Thursday filing with the Australian bourse.

Grab samples from the surface stockpiles returned a total heavy minerals (THM) grading of up to 21.5%, while previous one-ton bulk samples yielded 9.9% and 23% THM, the filing said.

The acquisition consolidates and expands the company's landholding across the Big Sandy Critical Minerals Province, per the filing.

Shares fell nearly 4% in morning trade on Thursday.

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