US Army selects Titan, REalloys to build critical mineral processing sites

June 25 (Reuters) - Canadian miner ‌Titan Mining and ​U.S.-based ​REalloys said on Thursday they were selected by the U.S. Army to develop processing facilities for critical minerals.

Reuters first ‌reported in December that the Pentagon was developing small critical-minerals ⁠refineries for U.S. military bases, part of a broader push to secure defense ‌supply chains and reduce reliance ‌on China for the materials used in weapons, batteries and advanced manufacturing.

• Titan Mining said its subsidiary, Empire State Mines, received conditional ​U.S. Army selection notices for enhanced-use leases at two U.S. sites to develop graphite processing capacity.

• REalloys also has been selected ⁠by the Army to enter exclusive contract negotiations for a long-term enhanced-use lease to develop heavy ​rare earth processing facilities at the Tooele Army Depot in Utah, it said.

• Under the proposed leases of ​up to 50 years, the Titan subsidiary ‌would finance, design, build, operate and eventually decommission the facilities, while the U.S. Army would retain ownership of ⁠the land.

• The sites include a 245-acre parcel at Pine Bluff Arsenal in Arkansas, expected to serve as the primary location, and a 97-acre parcel ⁠at Anniston Army Depot in Alabama.

• REalloys' planned facilities at the Tooele Army Depot ​would process heavy rare earths, including dysprosium and terbium, which the company said are used for high-temperature permanent magnets.

• REalloys said development of its project could ‌begin as early as 2027, while construction of Titan's facilities is targeted to begin in the second half ‌of that year.

• Titan, which operates zinc concentrate assets in upstate New ⁠York and is developing a ‌domestic natural flake ​graphite supply chain, said it would continue to pursue additional Army sites.

(Reporting by Dharna Bafna in Bengaluru; Editing by ‌Vijay Kishore)

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