U.S. critical minerals independence
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Titan Mining Commences Graphite Processing at Empire State Mines in New York
Globenewswireยท 2025-12-11 11:00
Core Viewpoint - Titan Mining Corporation is positioning itself as the only end-to-end domestic producer of natural graphite in the U.S., enhancing the supply of critical minerals and addressing supply chain vulnerabilities [1][3][4] Group 1: Project Development - Ore feeding has commenced at Titan's Kilbourne graphite demonstration facility, marking a significant step towards the first production of graphite concentrate in over 70 years [1][2] - The Kilbourne Project aims to reach an annual production capacity of 40,000 tonnes of graphite concentrate, potentially supplying nearly half of the current U.S. natural graphite demand [3][4] Group 2: Economic and Financial Support - The project has received strong backing from the Export-Import Bank of the United States, including an additional $5.5 million in non-dilutive funding and a non-binding Letter of Interest for up to $120 million in project financing [4] - The Kilbourne Project Study confirmed robust project economics, underscoring the strategic importance of restoring a fully integrated U.S. graphite supply chain [4] Group 3: Strategic Importance - The establishment of a secure U.S. supply of battery-grade natural flake graphite is crucial for energy storage, defense, and strategic industries [2][4] - The commencement of operations at the Kilbourne facility is seen as a pivotal moment for U.S. critical minerals independence [2]