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  "documentTitle": "IperionX Ltd. (IPX)",
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      "text": "Halifax County, VA FOIA Response: \"We have no Business Tangible Property or M&T Returns for Iperionx or any of its Subsidiaries for 2023, 2024 or 2025. We have a personal property bill for vehicles For 2024 and 2025.\"",
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      "text": "IPX 20-F Disclosure: \"As of June 30, 2025, the Company has procured assets on behalf of the government that cost approximately $10.3 million...\"",
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      "text": "We submitted a FOIA with Halifax County, VA where IPX’s manufacturing facility is located to request its Machinery & Tools and Tangible Property forms for the last three years. We received a response that the forms do not exist, only a property bill for vehicles.",
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      "text": "PP&E additions: $29.7m",
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      "text": "We submitted a FOIA with Halifax County, VA where IPX's manufacturing facility is located to request its Machinery & Tools and Tangible Property forms for the last three years.(1) We received a response that the forms do not exist, only a property bill for vehicles. Some of IPX's assets are procured (and titled) on behalf of the U.S. government. However, IPX says that government assets amounted to $10.3m. IPX has reported almost $30m in PP&E additions since 2022. While some may have been related to the Utah pilot plant, we would have expected a substantial majority of the $19m in 2025 to be in Virginia.",
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      "text": "We have no Business Tangible Property or M&T Returns for Iperionx or any of its Subsidiaries for 2023, 2024 or 2025. We have a personal property bill for vehicles For 2024 and 2025. — Halifax County, VA FOIA Response",
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      "text": "Source: Spruce Point Research, FOIA Request, IPX disclosures, Halifax County, VA Forms. 1) IPX frequently shows pictures of its property and machinery (a, b, c).",
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      "text": "FOIA In Virginia Indicates No PP&E Ownership",
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