Hyperion hypes up Tennessee as Titan heavy mineral MRE reported

HYPERION Metals says Tennessee has been confirmed as a “major new American critical mineral province” after estimating its Titan project in the state contained 431 million tonnes grading 2.2% total heavy minerals.
Hyperion hypes up Tennessee as Titan heavy mineral MRE reported Hyperion hypes up Tennessee as Titan heavy mineral MRE reported Hyperion hypes up Tennessee as Titan heavy mineral MRE reported Hyperion hypes up Tennessee as Titan heavy mineral MRE reported Hyperion hypes up Tennessee as Titan heavy mineral MRE reported

The assemblage of heavy minerals contains 12% zircon, 10% rutile, 40% ilmenite and 2% rare earth elements, and occurs within "a single, large, and coherent near-surface deposit".

Hyperion's ambition is to develop a "fully integrated domestic titanium metal and rare earth metal supply chain".

Hyperion said it continues to consolidate the surrounding land "and it is expected that these new areas will create a platform for sustained growth in the mineral resource".

Shares in Hyperion were up 10% to A$1.14 in early trade, capitalising the company at $158 million.

The company raised $24 million in August when it issued new shares priced at $1.20 each.

Institutional investor Fidelity was a "cornerstone" contributor to the raising.