Titan Mining Signs Long-Term Lease for Graphite Processing Facility

GOUVERNEUR, N.Y., Oct. 07, 2026 /CourierPR/ -- Titan Mining Corporation has reached a significant milestone in its efforts to establish a domestic graphite processing facility. The company, through its wholly owned subsidiary, Empire State Mines, LLC, has signed a term sheet with the U.S. Department of the Army to develop a critical minerals processing facility on approximately 97 acres of underutilized Army property at Anniston Army Depot in Alabama.

This strategic partnership aims to leverage existing infrastructure and coordinated utility planning to support the fast-track construction of the facility. The proposed framework contemplates a long-term lease term of 50 years, with two additional 25-year renewal options, providing a potential operating tenure of up to 100 years. This long-term lease is expected to create a robust platform for domestic graphite processing within an existing U.S. defense installation.

The facility will be designed to produce value-added natural graphite products, including Purified Micronized Graphite (PMG) in phase I and Coated Spherical Purified Graphite (CSPG) following customer qualifications. This development is crucial for supporting U.S. defense, industrial, and energy supply chains. The U.S. Army has expressed a preference for consideration to be provided through qualifying in-kind infrastructure improvements undertaken at or for the benefit of the Army.

The proposed facility will also include an Army Right of First Offer, which allows the Army to purchase certain uncommitted PMG and CSPG produced at the facility, subject to applicable federal procurement requirements. The right is limited to a maximum of 10% of annual facility production and does not apply to product committed under qualifying offtake, supply, or project-financing arrangements.

Titan Mining Corporation is also advancing its Kilbourne Graphite Project, which includes an ongoing feasibility study, customer qualification programs, and commercial development activities. The company has received support from the U.S. Export-Import Bank (EXIM) under its Make More in America Initiative, aiming to deliver shareholder value through operational excellence, development, and exploration.

The partnership with the U.S. Army underscores Titan's commitment to enhancing the security of the domestic supply chain for critical minerals. The company is optimistic about the potential for this facility to support U.S. defense, advanced manufacturing, and energy applications, while also providing a pathway to build a secure American graphite supply chain from mine through value-added purified graphite products.

The next steps for Titan Mining Corporation include the execution of the definitive Enhanced Use Lease (EUL) and the completion of remaining project-development requirements. The EUL remains subject to customary conditions, including agreement on the development and energy operating plans, environmental and regulatory matters, appraisal and valuation matters, project financing, and Titan Board approval, as well as applicable Army and Congressional processes.

With the potential for up to 100 years of site tenure, Titan is establishing the foundation for a long-term domestic processing platform capable of supporting U.S. defense, advanced manufacturing, and energy supply chains for decades to come.