Hyperion Metals (ASX:HYM) - CEO and MD, Anastasios (Taso) Arima
CEO and MD, Anastasios (Taso) Arima
Source: The Market Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Hyperion Metals (HYM) has released its maiden resource estimate (MRE) for the Titan Project in Tennessee
  • Titan now sits at a total mineral resource of 431 million tonnes at 2.2 per cent total heavy minerals
  • The MRE has established the project as the largest titanium, zircon and rare earths minerals project in the US
  • Hyperion is up 9.13 per cent, trading at $1.14 per share at 2:15 pm AEDT

Hyperion Metals (HYM) shares are up today after it released its maiden resource estimate (MRE) for the Titan Project in Tennessee.

The Titan Project now sits at a total mineral resource of 431 million tonnes at 2.2 per cent total heavy minerals (THM), containing 9.5 million tonnes TMH at 0.4 per cent cut-off grade.

Approximately 56 per cent or 241 million tonnes of the MRE is classified in the indicated resource category.

The MRE has established the project as the largest titanium, zircon and rare earths minerals project in the US and confirms Tennessee as a major new American critical mineral province.

Titan covers 6000 acres (2428 hectares) of titanium, rare earth minerals and zircon rich mineral sands.

Hyperion’s mission is to be the leading developer of zero carbon, sustainable, critical material supply chains for advanced American industries such as space, aerospace, electrical vehicles and 3D printing.

The MRE is a key step in developing a fully integrated domestic titanium metal and rare earth supply chain.

CEO and Managing Director Anastasios Arim is very pleased with the MRE.

“The maiden MRE has immediately established the Titan Project as a major, untapped potential source of critical minerals rich in titanium, zircon and heavy and light rare earths,” he said. “The combination of scale and grade of these high value, critical minerals – in a low risk, low cost and low tax jurisdiction – has the potential to drive significant value creation.

“Together with our breakthrough titanium technologies and the strong partnerships we are building with industry, we believe we can deliver a sustainable US critical supply chain that will create long term value for the communities of west Tennessee, future offtake partners and our shareholders.”

Hyperion is up 9.13 per cent, trading at $1.14 per share at 2:15 pm AEDT.

HYM by the numbers
More From The Market Herald

" Santana Minerals (ASX:SMI) extends mineralisation at Bendigo-Ophir

Santana Minerals (ASX:SMI) has reported new gold intercepts at its Bendigo-Ophir project in New Zealand, extending…
The Market Herald Video

" Tesoro Gold (ASX:TSO) increases Ternera Deposit MRE

Tesoro Gold (ASX:TSO) has increased its mineral resource estimate for the Ternera Gold Deposit in Chile…
The Market Herald Video

" American West Metals (ASX:AW1) discovers new mineralised zone at West Desert

American West Metals (ASX:AW1) has confirmed a new mineralised zone from a diamond drill hole at…
The Market Herald Video

" Surefire Resources (ASX:SRN) shares soar on WA exploration plans

Surefire Resources (ASX:SRN) shares have surged almost 26 per cent after the company announced it was…