Titan and US Army set terms for Alabama graphite plant
Titan Mining has signed a term sheet with the US Department of the Army setting commercial terms for a long-term lease to build and operate a graphite processing facility at the Anniston Army Depot in Alabama, on roughly 97 acres of underused army land. The proposed lease includes an initial term of 50 years with options for two additional 25-year renewals, and the plant would produce purified micronised graphite and, after customer qualification, coated spherical purified graphite. Under the framework the army would hold a right of first offer to buy up to 10% of annual production of specified graphite products, subject to federal procurement rules, while a definitive enhanced use lease depends on approvals from Titan's Board, the army and the US Congress.
Why it matters: The proposed lease illustrates how defence ministries are securing domestic capacity in critical minerals and battery-materials supply chains through arrangements with private firms.