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HYPERION METALS ASX RELEASE | ASX : HYM October 28 , 2021 SEPTEMBER 2021 QUARTERLY REPORT Hyperion Metals Limited ( ASX : HYM ) ( " Hyperion " or " the Company " ) is pleased to provide its quarterly report for the period ended 30 September 2021. Highlights during and after the quarter included : Outstanding progress at the Titan Project - Delivery of the maiden Mineral Resource for the Titan Project confirming the Titan Project as one of the largest and most important critical mineral deposits in the U.S. ■ The Mineral Resource comprises 431Mt @ 2.2 % THM , containing 9.5Mt THM at a 0.4 % cut - off , which includes a high - grade core of 195Mt @ 3.7 % THM , containing 7.1Mt THM at a 2.0 % cut - off . ■ The shallow , high grade and unconsolidated nature of the sandy mineralization enables the potential for simple mining operations such as dozer push followed by an industry standard mineral processing flowsheet . ■ Confirmation of a new , near surface , high grade deposit close to Hyperion's maiden Mineral Resource called the Camden Deposit . Significant growth in the Titan Project landholdings during and after the quarter's end to approximately 10,905 acres , a 78 % increase since the last quarter . Establishing a world class advanced materials market leader Option to acquire Blacksand Technology , LLC , establishing a clear market leader in advanced titanium technologies that offer low cost , low carbon titanium metal and powders from sustainable all - American recycled metal and critical minerals supply chains . - ■ The combination of Hyperion and Blacksand is transformational bringing together two highly complementary organizations to establish a world - class advanced materials and critical minerals market leader . ■ The strategic rationale behind the agreement includes ownership of an operational pilot titanium production facility in Utah , USA , that can upgrade titanium minerals , produce titanium metal and produce titanium spherical powders ▪ Further , the agreement provides security and control over the patented Blacksand technologies , being the exclusive commercial licensing rights for more than 40 global patents focused on advanced metal production technologies . Hyperion also established a technology partnership with EOS GmbH , a global leader in industrial 3D printing , aiming to accelerate the deployment of Hyperion's HAMR and GSD technologies to produce low cost , low carbon titanium metal and powders . Strong critical mineral markets ■ The global pigment market is remains strong , with significant increases in pricing announced by major producers for Q4 2021 . ■ Pricing increases included spot monazite ( a rare earth containing mineral ) prices of over US $ 7,000 per Hyperion Metals Ltd ABN : 84 618 935 372 hyperionmetals.us U.S. Head Office 129 W Trade Street Charlotte , NC 28202 More Information info@hyperionmetals.us +1 704 461 8000 1