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    Titan–US military graphite deal: capex, flowsheet and offtake notes for mine planners

    November 13, 2026|

    Reviewed by Joe Ashwell

    Titan–US military graphite deal: capex, flowsheet and offtake notes for mine planners

    First reported on MINING.com

    30 Second Briefing

    Titan Mining is advancing a 50-year lease with the US Army to build a graphite processing plant at Anniston Army Depot in Alabama, using existing wastewater treatment infrastructure originally installed for ammunition cleaning to cut permitting time, capex and opex. Graphite concentrate from the Kilbourne mine in New York, planned for 40,000 t/y over 13 years (PEA NPV US$513 million, 37% IRR), would be refined into 10,000 t/y purified micronised graphite by ~2029 and later 20,000 t/y coated spherical purified graphite for Li‑ion anodes. The Army holds a right of first offer on 10% of annual output, while Titan considers US$30–70 million capex at Anniston backed by proposed US EXIM financing of up to US$120 million for Kilbourne.

    Technical Brief

    • Lease structure at Anniston is 50 years initial term, with two 25‑year renewal options.
    • Kilbourne PEA (2025) assumes 2.4 million inferred tons at 2.91% Cg in open‑pit resources.
    • Graphite in situ totals 653,000 short tons Cg, underpinning the 13‑year mine plan.
    • Initial Kilbourne capex is US$156 million, with post‑tax NPV7 of US$513 million and 37% IRR.
    • U.S. EXIM has proposed up to US$120 million construction financing plus US$5.5 million for feasibility work.
    • Kilbourne entered production in January and has already shipped at least 1,600 kg of concentrate to customers.
    • Anniston’s existing ammunition‑cleaning wastewater treatment plant enables “plug‑and‑play” connection, reducing new effluent infrastructure needs.
    • Kilbourne is designated under the FAST‑41 federal permitting programme, intended to compress and coordinate approvals for major projects.
    • Under the commercial term sheet, the Army holds a right of first offer on 10% of PMG/CSPG output.
    • Other named offtake targets include refractory producer RHI Magnesita and an unnamed U.S. aerospace and defence manufacturer.

    Our Take

    The long Anniston Army Depot lease horizon (50 years plus two 25-year options) effectively outlives the 13-year Kilbourne mine life, signalling that Titan Mining is likely planning either resource expansion at Kilbourne or additional graphite feed sources in the United States beyond this initial PEA base.

    Across our graphite coverage, few projects show economics as strong as Kilbourne’s reported post-tax NPV of US$513 million and 37% IRR on US$156 million initial costs, which could give Titan Mining a cost and financing advantage over other US-based graphite hopefuls competing for defence and battery-sector contracts.

    Earlier related pieces on Titan Mining’s 1,200 t/y Kilbourne pilot plant and germanium recovery work with Teck Resources indicate that the Empire State Mines complex is being repositioned as a broader critical minerals hub, not just a zinc operation, which may help justify the US Export-Import Bank’s ongoing interest noted in prior coverage.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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