Titan Mining (TSX: TI) says the US Export-Import Bank (EXIM) is weighing a potential funding of up to $120 million that would pave its way to becoming the first US-based fully integrated graphite producer.
Titan, one of the largest zinc producers in the US, also aims to become a key supplier of graphite for battery, defense and industrial applications by processing natural flake graphite produced at the Kilbourne deposit in upstate New York.
A central part of the Kilbourne project is a proposed 40,000-tonne-per-year commercial processing facility, to be built next to the company’s Empire State Mines zinc complex. At full capacity, the facility could supply about half of the US natural graphite market, the company has said.
The EXIM funding, if approved, will cover a “substantial portion” of the capital required to construct its Kilbourne project in St. Lawrence County, Titan stated in a press…
