Mentioned:
Titan Mining and the United States Army are partnering up for domestic graphite production. But, why?
What’s happening:
- Titan Mining (NYSE: TII) has been conditionally selected by the United States Army for long term land leases at the Pine Bluff Arsenal in Arkansas and the Anniston Army Depot in Alabama
Why it matters:
- Titan Mining has publicly stated they intend to build a purification plant directly on-site at these Army bases to produce high-purity graphite products that are used in batteries, defense systems and energy storage
Going deeper:
- Titan Mining will design, finance, build and operate the new graphite purification plant as part of the new partnership with the United States Army
- The United States Army and Titan Mining’s new lease term is expected to be for up to 50 years
The intrigue:
- This is the first time ever the United States Army has committed to have a graphite processing plant directly located on a military base
