Ibc Advanced Alloys (IB) Emerging Growth Virtual Conference summary

Market positioning and industry trends

• Only U.S. company primarily casting and forging copper alloy products, with deep technical expertise and a highly diverse customer base across defense, aerospace, automotive, and more.

• Vertically integrated operations in Indiana, offering casting, forging, heat treating, and machining in one facility.

• Positioned to benefit from a forecasted copper super cycle, with U.S. demand expected to nearly double by 2035, driven by domestic consumption and defense needs.

• U.S. copper tariffs on finished goods provide a competitive advantage, as raw material imports are not impacted.

• Demand growth is especially strong in naval defense, 5G/6G, and other high-tech sectors.

Growth strategy and operational expansion

• Pursuing four-stage growth: expanding near-net-shape copper alloy casting, launching copper-nickel and aluminum-bronze alloys, scaling aluminum-scandium alloy production, and increasing naval defense supply.

• Recent successful production of aluminum-scandium alloy ingots, meeting all customer specifications on the first attempt.

• Plans to install a $5 million vacuum induction furnace within 18–24 months to enable in-house copper-nickel alloy casting.

• Long-term goal to add a $25 million radial forge, allowing full in-house production of Navy-specified forms.

• Joint development agreement with NioCorp Developments for scandium oxide supply and master alloy production.

Financial and business performance

• Foundational business has grown at a 4–6% CAGR, with over 180 customers and a 60-year history.

• Growth focus shifting to capitalize on defense and aerospace opportunities, aiming to accelerate beyond historical growth rates.

• Investments already made in infrastructure to support new furnace and future expansion.

• Orders from Navy and subcontractors are increasing due to strengthened relationships and reputation for quality.