Cerro Blanco Rutile Titanium Mine and Coastal Desalination Project

planned

A business combination deal involving a Chilean rutile titanium mine (Cerro Blanco), a permitted coastal desalination plant with 440 liters per second capacity, and a copper asset in Arizona. The project targets a bankable feasibility study completion in about 9 months, desalination plant online by mid-2028, and mine production by early 2029. The titanium mine capex is estimated at $200–$220 million with a financing mix of 70% debt and 30% equity. The desalination project has separate project finance support with a similar debt/equity structure.