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Titan Mining launches made-in-America graphite production as U.S. secures critical minerals
Summary
Titan Mining's release outlines plans for the Kilbourne natural graphite project and highlights a targeted 40,000-tonne-per-year profile; it also notes an expected update on a $120 million letter of interest with EXIM and lists a range of risks and assumptions.
Content
Titan Mining issued a release announcing the launch of made-in-America graphite production tied to its Kilbourne project. The release frames Kilbourne as a potential domestic source of natural graphite as U.S. policy attention focuses on critical minerals. It emphasizes that many statements are forward-looking and contingent on approvals, financing and other factors. The release lists potential risks and assumptions that could affect outcomes.
Noted details:
- The release says Titan expects an update in the near term on a $120 million letter of interest with the Export-Import Bank (EXIM).
- It states that such funding would provide long-term, non-dilutive capital for a majority of Kilbourne's development and that the company is also engaged with other federal agencies regarding complementary funding.
- Titan states a targeted 40,000-tonne-per-year production profile for Kilbourne and that the project could supply a substantial portion of current U.S. natural graphite demand.
- The company describes a phased development strategy intended to support U.S. demand across defense, industrial, and energy-related applications as downstream processing and refining capacity is added.
- The release notes that Titan will make a commercial construction decision at Kilbourne and that commercial production is a future outcome described in forward-looking terms.
- It emphasizes that many statements are forward-looking and lists risks and uncertainties, including capital and operating cost increases, equipment or supply shortages, price fluctuations for zinc and graphite, environmental regulation in New York State, legal proceedings, and general mining risks.
Summary:
The release presents Kilbourne as a potential domestic source of natural graphite with a stated 40,000-tonne-per-year target and links development to potential federal financing, including a $120 million EXIM letter of interest. The company notes it will decide on commercial construction and that timelines and outcomes remain contingent on approvals, financing and other factors; Undetermined at this time.
