Recent Updates — TII

Titan Mining and the U.S. Department of the Army have executed a non-binding term sheet establishing principal commercial terms for an Enhanced Use Lease (EUL) to develop a critical minerals processing facility on Army property at Anniston Army Depot in Alabama. The proposed framework contemplates a 50-year lease with two 25-year renewal options, providing up to 100 years of site tenure for the construction and operation of a commercial-scale graphite processing plant. Titan’s subsidiary, Empire State Mines, would finance, build, own, and operate the facility to produce value-added natural graphite products, including Purified Micronized Graphite (PMG) and Coated Spherical Purified Graphite (CSPG). The agreement includes an Army right of first offer for up to 10% of annual production. Execution of a definitive EUL remains subject to customary conditions, including Board approval and project financing. Titan Mining Corporation is a U.S.-focused critical minerals producer and developer advancing domestic graphite supply chains.