Titan Mining, US Army Sign Term Sheet for Alabama Graphite Processing Facility
MT newswire2026/10/07 11:1307:13 AM EDT, 10/07/2026 (MT Newswires) -- Titan Mining (TI.TO, TII) and the US Department of the Army signed a term sheet outlining the principal commercial terms for an Enhanced Use Lease to develop a critical minerals processing facility on US Army property, the company said Wednesday. The term sheet, entered into by Titan's Empire State Mines unit, contemplates development of the proposed facility on about 97 acres of underutilized Army property at the Anniston Army Depot in Alabama. Empire State Mines would develop, finance, build, own and operate a commercial-scale graphite processing facility at the site. The long-term strategic framework includes an initial 50-year lease term with two additional 25-year renewal options exercisable by the unit and the Army. US-listed shares of the company were last seen up 2.7% at $2.5 in pre-market trading.
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