• Hyperion to collaborate with EOS GmbH, the global leader for industrial 3D printing of metals and plastics, to deploy low-to-zero carbon titanium metal powders using its breakthrough HAMR and GSD technologies.
• EOS to leverage its expertise across the additive manufacturing industry accelerating deployment of the HAMR and GSD technologies.
• EOS to focus on offering its customers competitive and sustainable responsible manufacturing solutions via industrial 3D printing technology.
• Low-to zero-carbon titanium powder has the potential to significantly reduce the direct carbon impact of manufacturing versus other higher carbon metals.
• Increased use of titanium in the EV, spacetech, aerospace and defense sectors will also lead to lower energy consumption due to titanium's superior strength and lightweight properties.

CHARLOTTE, N.C. — (BUSINESS WIRE) — July 21, 2021 — Hyperion Metals Limited (ASX: HYM) (“Hyperion” or “the Company”) is pleased to announce the execution of a memorandum of understanding ("MOU") for a technology partnership with EOS GmbH (“EOS”), the world’s leading solution supplier in the field of industrial 3D printing (known as additive manufacturing, or AM) of metals and plastics. The partnership aims to accelerate the deployment of Hyperion’s HAMR and GSD technologies for the potential production of low cost, low-to-zero carbon titanium metal powders. The collaboration will focus on:

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A350 titanium cable mount on the front spar of the vertical stabilizer made with EOS 3D printer. (Photo: Business Wire)

• Technical and economic evaluation of powders produced via the hydrogen assisted magnesiothermic reduction (“HAMR”) and granulation sintering and deoxygenation (“GSD”) processes for use in additive manufacturing as compared to the current titanium metal powders
• Recyclability of titanium metal powders using the HAMR and/or GSD technology processes
• Environmental and sustainability evaluation of powders produced via the HAMR and GSD processes for use in additive manufacturing versus other production processes

Sascha Rudolph, Commercial Director Metal Materials at EOS commented:

“Our goal is to create innovative product and process solutions that help accelerate responsible manufacturing and sustainable solutions via industrial 3D printing technology. What is exciting is the potential for new, low cost, low carbon titanium powders that will provide organizations with both significant economic benefits and more sustainable solutions. The HAMR and GSD technology has the potential to lower the barriers to entry for titanium into existing markets of more conventional materials and will enable completely new mass market applications where high strength to weight are critical - such as electric vehicles.

“Titanium alloys are very widespread and versatile high-performance materials in AM, used by our customers in ingenious part designs covering everything from hip implants to Formula One parts to aircraft components. One barrier to wider adoption of AM is material cost – caused on one hand by the scarcity of the raw material, but on the other hand by the extremely complex and resource-intense methods of extraction. Our partnership with Hyperion changes this landscape and allows us to deliver cost- and resource-efficient next gen methods of extracting the value form this extremely valuable and scarce natural resource all the while reducing the negative impact on our environment. This collaboration means more to us than two technology companies joining forces to drive development of AM, it is also another great step on the journey of realizing the EOS vision of sustainable manufacturing.”

Anastasios Arima, CEO and Managing Director of Hyperion Metals said:

“Collaborating with EOS significantly advances our vision to bring sustainably sourced, low cost and zero carbon titanium metal powders to international metal markets. More than any other 3D printing company, EOS has a similar value and vision in bringing sustainable manufacturing to the world and having a sustainable metal supply chain is crucial to that vision. Their experience in the additive manufacturing materials world is unparalleled. They have more than 25 years of experience working with metal powders and have a dedicated facility in Finland, EOS Metal Materials, that is focussed on the development, design and production of metal powders and processes.

“Titanium is a superior metal for a wide range of high-performance applications in the aerospace, medical, space and defence sectors. Hyperion, through its HAMR and GSD technologies, has the potential to produce zero carbon spherical titanium powders at a fraction of the cost of comparable titanium powders. Hyperion’s technologies have the potential to disrupt not just the titanium market, but also the far larger aluminium and stainless-steel markets.”

Under the non-binding MOU, Hyperion and EOS have agreed to negotiate in good faith to enter into definitive agreements to give effect to a partnership that allows Hyperion and EOS to work together to advance deployment of sustainably produced, low-cost and zero-carbon spherical and non-spherical titanium metal powders for use in the additive manufacturing industry. The MOU will terminate on 1 June 2022 unless extended by mutual agreement.

About EOS

EOS provides responsible manufacturing solutions via industrial 3D printing technology to manufacturers around the world. Connecting high quality production efficiency with its pioneering innovation and sustainable practices, the independent company formed in 1989 will shape the future of manufacturing. Powered by its platform-driven digital value network of machines and a holistic portfolio of services, materials and processes, EOS is deeply committed to fulfilling its customers’ needs and acting responsibly for our planet.

About Hyperion Metals

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

The Company holds a 100% interest in the Titan Project, covering nearly 6,000 acres of titanium, rare earth minerals, high grade silica sand and zircon rich mineral sands properties in Tennessee, USA. The Titan Project is strategically located in the southeast of the USA, with low-cost road, rail and water logistics connecting it to world class manufacturing industries.

Hyperion has secured options for the exclusive license to produce low carbon titanium metal and spherical powers using the breakthrough HAMR & GSD technologies. The HAMR & GSD technologies were invented by Dr. Z. Zak Fang and his team at the University of Utah with government funding from ARPA-E.

The HAMR technology has demonstrated the potential to produce titanium powders with low-to-zero carbon intensity, significantly lower energy consumption, significantly lower cost and at product qualities which exceed current industry standards. The GSD technology is a thermochemical process combining low cost feedstock material with high yield production, and can produce spherical titanium and titanium alloy powders at a fraction of the cost of comparable commercial powders.

Hyperion also has signed an MOU to establish a partnership with Energy Fuels (NYSE: UUUU) that aims to build an integrated, all-American rare earths supply chain. The MOU will evaluate the potential supply of rare earth minerals from Hyperion’s Titan Project to Energy Fuels for value added processing at Energy Fuels’ White Mesa Mill. Rare earths are highly valued as critical materials for magnet production essential for wind turbines, EVs, consumer electronics and military applications.

APPENDIX

HAMR non-spherical titanium metal powder technology

The HAMR technology, developed by Professor Zhigang Zak Fang of the University of Utah with funding from the Department of Energy and assistance by Boeing and Arconic, results in the production of titanium non-spherical powders with characteristics similar or better than commercially available titanium sponge and which can be used as a replacement for sponge or as a feedstock into other processes (near net shape applications or spherical powder production). Detailed energy-economic analysis and process simulations were performed to estimate the energy consumption, emissions, and cost at mass production of titanium metal using the HAMR technology. The result indicated that the HAMR process is more than 50% less energy intensive and cost competitive with the Kroll process.