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Titan Mining said its subsidiary signed a preliminary agreement with the US Department of the Army outlining commercial terms for a proposed graphite processing facility in Alabama. The facility would be developed on Army property and produce graphite for industrial, defense, and battery applications.
Titan Mining signed a term sheet with the U.S. Army for an Enhanced Use Lease to build a graphite processing plant on about 97 acres at Anniston Army Depot in Alabama. Empire State Mines would finance, build and operate the facility, producing purified micronized graphite first, coated spherical purified graphite later