Hyperion increases the land location of the Titan project by 55%

• Hyperion has increased its land location in the Titan project by 2,114 acres to 5964 acres, which is 55% of the land owned by a key mineral-rich province.
  
• Drilling to date has confirmed that consistent, thick, high-grade mineralization contains key minerals including titanium, zircon, rare earths, and silica over a strike length of approximately 3.6 kilometers.
  
• The company’s large and continuous central land bank has been the focus of the first to third phases of drilling activities, and the preliminary mineral resource estimates for the project will be completed in the next few months.
  
• The preliminary mineral resource estimate will form the basis of the recently started Titan project scoping study, which will be delivered in the third quarter of 2021.
  
• Through historical drilling conducted by various parties including DuPont and Altair International, a large portion of the new land covers a highly explored area that is determined to be rich in key minerals.
  
• The company has mobilized drilling rigs in the area and will drill and begin metallurgical testing in the next few weeks.

Hyperion Metals Limited (ASX: HYM) (“Hyperion” or “Company”) I am pleased to inform you that the company has increased its titanium, zircon, rare earth ore and silica-rich ore assets in its Titan project in western Tennessee to 5,964 acres, and its land holdings have increased by 55%. Potential to become one of the largest important mineral sources in the United States.

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Through the option agreement signed with the local landowner in the Titan project, the safety of the additional land is ensured with basically the same terms as the company’s existing option agreement.

From the end of 2020 to the beginning of 2021, the company’s 1-3 phase drilling plan has completed 5,131 meters of drilling, including 129 holes, confirming the consistent, dense, high-grade mineralization of the key minerals of the central deposit of about 3.6km. The results of the drilling are expected to deliver preliminary mineral resource estimates within the next few months.

The preliminary mineral resource estimate will serve as the basis for the project’s newly launched scoping study, which will be delivered in the third quarter of 2021. The scoping study is a key step in the development of the Titan Project into one of the most important and potentially important mineral resources. U.S. provinces. The scope study will outline the physical and economic indicators of the substance and the main development schedule.

In addition, the company recently completed metallurgical testing to confirm that the Titan project meets standard processing technology, and discuss production products for potential customers and strategic partners, as well as other analysis and testing work plans, such as metallurgical testing of high-value rare materials. Downstream testing work related to earth-bearing minerals and titanium powder production. The final product analysis data is expected to be completed in the second quarter of 2021, and will further provide heavy mineral concentrate assembly data for the initial mineral resource estimation and flow chart formulation of the Titan project scope study.

Commenting on the announcement, Anastasios Arima, managing director of Hyperion Metals, said:

“We are very pleased to acquire such a large area of ​​additional property to increase our already important land status, and are pleased to continue to work with the local communities in western Tennessee to build a strong local influence in the area. We are especially so DuPont Historical drilling with Altair International and other parties has shown that the area has the potential to contain high potential mineral-rich cores. We are excited about this and we look forward to the preliminary resource estimates that will be provided and the subsequent scope of Titan Research on this project is expected to highlight its importance for the development of sustainable, domestically sourced key minerals to support advanced US industries such as aerospace, electric vehicles, defense, and renewable energy.”

About Hyperion Metals

Hyperion’s mission is to become a leading zero-carbon, sustainable development of key materials supply chain developers, serving advanced industries in the United States including space, aerospace, electric vehicles and 3D printing.

The company holds a 100% interest in the Titan project, which covers approximately 6,000 acres of titanium, rare earth ore, silica sand and zircon-rich ore assets in Tennessee, USA. The Titan project is strategically located in the southeastern United States, and its low-cost road, rail, and water logistics connect it to world-class manufacturing.

Hyperion has obtained the option of an exclusive license to produce low-carbon titanium using ground-breaking HAMR technology. HAMR was invented by Dr. Z. Zak Fang and his team at the University of Utah, and was funded by ARPA-E. HAMR technology proves the potential of producing titanium powder with low carbon intensity to zero carbon intensity, significantly reducing energy consumption, significantly reducing costs, and product quality exceeding current industry standards.

Hyperion has signed a memorandum of understanding to establish a partnership with Energy Fuels, aiming to establish a complete U.S. rare earth supply chain. The memorandum of understanding will assess the potential supply of rare earth minerals provided by Hyperion’s Titan project to Energy Fuels for value-added processing at Energy Fuels’ White Mesa Mill. Rare earths are highly valued as key materials for the production of magnets essential for wind turbines, electric vehicles, consumer electronics and military applications.

The announcement has been authorized by the CEO and Managing Director.

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