Titan Mining Corporation Announces New Graphite Processing Facility
Titan Mining Corporation Launches Graphite Processing Initiative
Titan Mining Corporation (TSX: TI, OTCQB: TIMCF) has officially commenced construction on a groundbreaking facility dedicated to the production of natural flake graphite. This facility, situated at the Empire State Mine in St. Lawrence County, marks a significant milestone as it will be the first end-to-end U.S. production of this mineral in close to 70 years. The establishment of this facility is not only a leap forward in terms of resource independence but also a critical step toward enhancing national security and energy autonomy.
Facilities and Features of the New Processing Site
This new facility is fully permitted and will utilize the existing infrastructure of a zinc mill. It is strategically designed to process approximately 60,000 tonnes per year of natural material sourced from the Kilbourne Project. From this, it has the potential to produce 1,000 to 1,200 tonnes of graphite concentrate annually. Titan’s plans include commencing sales to both U.S. defense and industrial customers by early 2026, highlighting the facility's essential role in the economy and national interest.
Key Highlights of the Project
- The facility represents the first production of U.S.-mined and refined natural flake graphite since 1956.
- It is positioned for commissioning in the second half of 2025, with procuring activities already underway.
- The plant initially aims to reach a production capacity of 40,000 tonnes annually, addressing the majority of U.S. natural flake graphite demand.
- A collaborative approach with local authorities, including the St. Lawrence County Industrial Development Agency and the Development Authority of the North Country, has facilitated equipment financing and workforce support for this initiative.
- A Preliminary Economic Assessment (PEA) for the Kilbourne Project is anticipated to be released later in 2025.
Project Significance and CEO Insights
Don Taylor, the CEO of Titan Mining, expressed his enthusiasm for this venture, emphasizing its scalability and the unique opportunities it presents. He highlighted the innovative strategy of simultaneously producing zinc and graphite on a single site as a way to meet critical material requirements efficiently. Rita Adiani, the company’s President, added that this facility is pivotal for reviving domestic production of a vital mineral, ensuring a responsible and consistent supply chain.
Community Impact and Support
Community leaders are also backing Titan's efforts. Congresswoman Elise Stefanik mentioned the facility as a landmark event for energy independence and economic resilience in the local area, underlining the importance of job creation and supply chain security. The support from the community, coupled with local development agencies, demonstrates a collective effort towards harnessing local resources responsibly.
Future Growth and Economic Assessments
The launch of this facility is not merely about immediate production; it forms part of Titan's broader strategy. With the market's demand and future technical studies, Titan is preparing for substantial growth and aiming for a facility capable of scaling to meet U.S. needs effectively. The completion of the PEA for the Kilbourne Project will provide critical insights to guide the next phases, including production scaling in tandem with a sustainable offtake approach.
Commitment to Job Creation and Economic Development
In alignment with its operational goals, Titan has committed to preserving at least 135 full-time positions and adding additional roles as part of the construction and operational processes. This commitment further establishes Titan Mining as a pillar of both economic development and sustainable resource management.
About Titan Mining Corporation
As a proud member of the Augusta Group, Titan Mining Corporation is dedicated to enhancing shareholder value through operational excellence, exploration, and resource management. With a steadfast focus on critical minerals, Titan is poised to play an integral role in reinforcing the domestic supply chain. For further inquiries, Titan encourages interested parties to reach out to their Investor Relations team.
Frequently Asked Questions
What is the main purpose of the new facility launched by Titan?
The facility aims to produce natural flake graphite, marking the first U.S. production of this mineral since 1956, enhancing domestic supply and national security.
When is the facility expected to be operational?
Commissioning is scheduled for the second half of 2025, with the first sales expected in early 2026.
Which local organizations are supporting the project?
The project has the backing of the St. Lawrence County Industrial Development Agency and the Development Authority of the North Country, which are aiding in financing and workforce support.
What is the initial production capacity of the facility?
The facility aims to process 60,000 tonnes of material annually, producing 1,000 to 1,200 tonnes of graphite concentrate each year.
How many jobs will be created as a result of this initiative?
Titan has committed to maintaining at least 135 full-time positions and generating 5 new jobs as part of the construction and operation of the facility.
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