Titan Mining Corporation (TSX: TI) announced on June 25, 2026, that it has signed a lease agreement with the United States Army to process graphite at its facility in New York. The lease, which covers a portion of the company's processing plant, is aimed at supporting domestic graphite production for defense applications.
Under the terms of the agreement, Titan Mining will provide graphite processing services to the US Army, leveraging its existing infrastructure in the state. The company stated that the lease will help secure a domestic supply chain for graphite, a critical mineral used in batteries, lubricants, and military equipment.
Graphite is classified as a critical mineral by the US government due to its importance in national security and clean energy technologies. The US currently relies heavily on imports for graphite, primarily from China. This lease is part of broader efforts to reduce dependence on foreign sources and strengthen domestic processing capabilities.
Titan Mining's CEO, Richard P. Quesnel, said in a statement: 'This lease agreement with the US Army underscores the strategic importance of our graphite processing facility and our commitment to supporting national security.' The company did not disclose the financial terms of the lease.
