Titan Mining Plans New Graphite Facility in New York
New York, Thursday, 16 January 2025.
Titan Mining Corporation plans a natural flake graphite facility in New York, enhancing U.S. production capabilities and aiming for a sizeable operating margin on a 40,000 tonne output.
Strategic Investment in Domestic Graphite Production
Titan Mining Corporation (TSX: TM) [alert! ‘TSX symbol needs verification’] has announced plans to establish a graphite processing facility at their Empire State Mines location, positioning themselves to become the first end-to-end producer of natural flake graphite in the United States since the 1950s [1]. The announcement comes as part of their Phase III metallurgical results, which demonstrated favorable material characteristics with high recoveries and a final concentrate of 98.8% C(t) [1].
Production Capacity and Financial Projections
The facility’s initial phase targets 1,000-1,200 tonnes per annum of concentrate production for product qualification, with plans to scale up to 40,000 tonnes per year [1]. The company projects an ambitious operating margin of 40-45% based on an average sales price of USD 2,350 per tonne [1]. The total investment required for equipment, installation costs, and working capital is estimated between USD 6.0-7.5 million [1].
Market Significance and Timeline
This development represents a significant step in strengthening domestic graphite production capabilities in the United States [1]. The project’s metallurgical results show promise for serving various U.S. domestic market segments with high-quality graphite products [1]. Titan Mining has already initiated various funding initiatives to support this strategic expansion [1], though specific timeline details for facility completion are yet to be announced [alert! ‘completion timeline not specified in sources’].