Titan Unit Empire State Mines Signs Term Sheet With US Army for Graphite Processing Facility at Alabama Depot

MT newswire2026/10/07 11:01

07:01 AM EDT, 10/07/2026 (MT Newswires) -- Titan Mining (TII) unit Empire State Mines and the US Department of the Army have executed a term sheet outlining the commercial terms for an Enhanced Use Lease, or EUL, to develop a critical minerals processing facility on US Army property, Titan said Wednesday. The term sheet states that the proposed facility will be developed on 97 acres of underutilized Army property at Anniston Army Depot in Alabama, Titan said. The proposed framework stipulates that Empire State Mines will develop, finance, build, own and operate a commercial-scale graphite processing facility, Titan said. The facility will produce natural graphite products, including purified micronized graphite in the first phase and coated spherical purified graphite, to support US defense, industrial and energy supply chains, the company said. The project would use existing infrastructure, site access and coordinated utility planning to accelerate construction, Titan said. Titan said the parties will now work on executing a definitive EUL and completing the remaining project-development requirements.

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