Titan Mining Makes Significant Graphite Discovery at Its Empire State Mine, New York
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Titan Mining Corporation has made a discovery of the Kilbourne graphite trend, an extensively drill tested graphite-bearing trend located on the permitted lands hosting Titan’s currently operating Empire State Mine (ESM) in upstate New York.
“Natural flake graphite is a critical material in the production of lithium-ion batteries with significant and increasing demand. The confirmation of a global scale flake graphite target on the company’s land package is an especially significant development in the history of the company,” said Donald Taylor, president and CEO of Titan Mining.
“This could be extremely attractive and strategically important for America to secure a domestic supply of graphite which is the biggest component of the growing electric vehicle battery industry,” said Titan Director and Former Speaker of the United States House of Representatives John Boehner.
The Kilbourne target was generated through the review of historic geologic data, recent drilling and assays within the known stratigraphic sequence that hosts Empire State Mines’ zinc ore bodies. The high metamorphic grade of the host rocks has increased the size and morphology of the contained graphite to flake sizes.
The presence of graphite mineralization in the district is well documented, with historic exploration and very limited production occurring in the first half of the 20th century. The company currently holds more than 80,000 acres of mineral rights within St. Lawrence County, New York and will continue to evaluate historic occurrences, prospective lithologies, and geophysical data to aid in identifying additional graphite exploration targets within the district.
The lack of domestic source, concerns with supply security, and projected demand have earned graphite a place on the United States Department of Energy’s critical materials list. Currently the U.S. is seeing a boom in the construction of battery plants and electric vehicle (EV) manufacturing facilities, adding urgency to developing a domestic graphite supply chain. The high costs of synthetic graphite, financially and environmentally, point to natural graphite as an increasing source in the production of EVs and LIBs. This may prove particularly true as ESG concerns tied the sourcing of critical materials continues to grow.
The U.S. currently only has two graphite deposits at pre-feasibility stage or beyond. These are the Graphite Creek Deposit in Alaska and the Coosa Graphite project in Alabama.
Titan Mining is an Augusta Group company which produces zinc concentrate at its 100 percent owned Empire State Mine located in New York state. Titan is built for growth, focused on value and committed to excellence.
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