Ms. Rita Adiani reports
KILBOURNE GRAPHITE ADVANCES TOWARDS COMMERCIALIZATION WITH GLOBAL REFRACTORY MANUFACTURER
RHI Magnesita (the customer) and Titan Mining Corp.'s wholly owned subsidiary, Empire State Mines LLC (ESM), have entered into a conditional supply agreement to advance graphite produced from Kilbourne for industrial-scale production trials following successful laboratory qualification.
The qualification process confirmed that Kilbourne graphite meets the specifications required for the customer's refractory applications. Based on these results, the customer has commenced commercial-scale testing of Titan's material within its manufacturing operations.
The parties have agreed to a conditional commercial supply arrangement for an initial volume of natural flake graphite, with the ability to expand to up to 10 per cent of Kilbourne's projected commercial tonnage, subject to successful completion of the production trial. Titan believes this represents an important step toward establishing a long-term commercial relationship and further validates the quality of graphite produced from its New York operations.
"This is a significant milestone for the Kilbourne graphite project," said Rita Adiani, president and chief executive officer of Titan Mining. "Advancing from laboratory qualification to industrial-scale trials with a global industry leader demonstrates the quality of our material and growing demand for secure North American graphite supply chains. We look forward to continuing to work with RHI Magnesita as the trial progresses."
Titan is also continuing to advance technical and engineering work for the Kilbourne graphite project as part of its continuing feasibility study.
Together, these milestones support Titan's strategy of advancing the Kilbourne graphite project toward a construction decision and building a vertically integrated domestic graphite supply chain serving industrial, energy storage and defence end markets.
About Titan Mining Corp.
Titan is an Augusta Group company which produces zinc concentrate at its 100-per-cent-owned Empire State mine located in New York state. Titan is also the United States' first end-to-end producer of natural flake graphite in 70 years and is advancing graphite and germanium initiatives to strengthen domestic critical minerals supply chains. The company has also received support from the U.S. Export-Import Bank (EXIM) under its Make More in America Initiative. Titan's goal is to deliver shareholder value through operational excellence, development and exploration. The company has a strong commitment toward developing critical minerals assets which enhance the security of the domestic supply chain.
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