PUBLIC NOTICE
NOTICE OF PUBLIC HEARING ON PROPOSED REVENUE BOND FINANCING BY THE INDUSTRIAL DEVELOPMENT AUTHORITY OF HALIFAX COUNTY, VIRGINIA
Notice is hereby given that the Industrial Development Authority of Halifax County, Virginia (the "Authority"), whose address is 1100 Confroy Drive, Suite 1, South Boston, Virginia 24592, and the Board of Supervisors (the “Board”) of Halifax County, Virginia (the “County”) will hold a joint public hearing on the plan of financing request of IperionX Technology LLC (including any affiliates or related person thereto, the “Borrower”), whose address is 129 W. Trade Street, Suite 1405, Charlotte, North Carolina 28202. The Borrower is requesting the Authority to issue up to $400,000,000 aggregate principal amount of its revenue bonds at one time or from time to time in one or more series pursuant to a plan of finance to assist the Borrower in financing or refinancing (a) developing, acquiring, constructing, improving, installing and equipping (i) solid waste disposal and recycling facilities for, among other purposes, the operation of a three-building titanium recycling and manufacturing facility (the “Titanium Facility”), and (ii) additional infrastructure and other capital expenditures associated with the Titanium Facility, all to be located at the Southern Virginia Technology Park, 1100 Confroy Drive, South Boston, Virginia, in the County (collectively, the “Facilities”), (b) funding of one or more reserve funds for the bonds or the Facilities, including one or more debt service reserve funds for the bonds, (c) paying capitalized interest on the bonds and (d) issuing the bonds and other related eligible costs (collectively, the “Project”). All financed assets are owned or will be initially managed, owned or operated by the Borrower, any successor thereto or any one or more subsidiaries, affiliates or related entities thereto. One or more series of the revenue bonds are expected to be issued as exempt facility bonds for a solid waste disposal facility pursuant to Section 142(a)(6) of the Internal Revenue Code of 1986, as amended.
The issuance of the revenue bonds as requested by the Borrower will not constitute a debt or pledge of the faith and credit of the Commonwealth of Virginia (the “Commonwealth”) or the County or the Authority, and neither the faith and credit nor the taxing power of the Commonwealth or any political subdivision thereof will be pledged to the payment of such bonds.
The public hearing, which may be continued or adjourned, will be held at 7:30 p.m., or as soon thereafter as the matter may be heard, on Tuesday, March 18, 2025, before the Authority and the Board, in the Board of Supervisors Meeting Room, 1050 Mary Bethune Street, Halifax, Virginia 24558. Any person interested in the issuance of the bonds, the location of the Facilities and the nature of the proposed Project may appear at the hearing and present his or her views.
INDUSTRIAL DEVELOPMENT AUTHORITY OF HALIFAX COUNTY, VIRGINIA AND BOARD OF SUPERVISORS OF HALIFAX COUNTY, VIRGINIA
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