American graphite production is advancing the critical minerals race thanks to the start of graphite concentrate production at its Kilbourne demonstration facility, located within its Empire State mine complex in New York.
As Titan has now successfully produced natural flake graphite concentrate, it will transition to the production of material for customer and government qualification programs, which it said marks an initial step in re-establishing a domestic natural graphite supply chain in the United States for the first time in more than seven decades.
The producer is also in financing discussions with the U.S. Export-Import Bank about a letter of interest for a $120 million loan facility that will give it long-term, non-dilutive capital for much of Kilbourne’s development.
“With Kilbourne now producing, Titan is aligned with the federal government’s clear policy direction: rebuilding secure, end-to-end U.S. supply chains for critical minerals,” said Rita Adiani, president and CEO.
“The combination of first domestic production and decisive trade and industrial policy action materially de-risks the path to commercial scale.”
The graphite demonstration facility is designed to produce about 1,200 metric tons per year of graphite concentrate, which it said provides a critical bridge to commercial scale. Its ultimate target is 40,000 metric tons per year.
Titan Mining is an Augusta Group company.
Source: www.titanminingcorp.com