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  "docSlug": "2ce2200974d3",
  "documentTitle": "IperionX Ltd. (IPX)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-11-12 00:00:00",
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  "pageNumber": 60,
  "pageCount": 93,
  "prevPage": 59,
  "nextPage": 61,
  "slideType": "precedent_table",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 8,
  "notes": "The slide uses a table to systematically undermine the credibility of the company's partnership announcements.",
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      "kind": "callout",
      "text": "Spruce Point observes that IPX has issued multiple press releases about partnerships and non-binding MOUs, and in some cases they have lapsed or are no longer actively discussed. IPX also has still not reported revenues.",
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      "kind": "source-note",
      "text": "Source: Mario Pilato, Energy Fuels, MRL, Ford (2023, 2024), GKN Aerospace, Carver Pump, Richemont (order announcement, Nov 2022), EOS, IPX and UUUU SEC Filings",
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      "text": "Table of partners, dates, nature of relationship, and status.",
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      "kind": "title",
      "text": "Analysis of IPX’s Announced Partnerships And Potential Customers",
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