CLAY COUNTY, Florida–(BUSINESS WIRE)–The Chemours Company (“Chemours”) (NYSE: CC), a global chemicals company with market-leading positions in titanium technologies, thermal and specialty solutions and advanced performance materials, announced today today it began commissioning its newest mineral sands mine, Trail Ridge South. The new mining operation represents a $93 million investment that will create approximately 50 new jobs in the tri-county region.
Commissioning work to test the operational aspects of the new mine has begun, with start-up expected later this year. The expansion of its mining operations will allow Chemours, the only domestic producer of titanium and zirconium minerals and one of only two domestic producers of rare earth minerals, to have additional access to these concentrated high-quality deposits. used to produce Chemours. Ti-Pure™ brand of titanium dioxide (TiO₂).
“The commissioning of our new Trail Ridge South mine is much more than an operational milestone – it represents a huge win for our customers, the community and our country,” said Jody Sciance, Co-Director of Mineral Operations for Chemours. “This secure domestic mineral supply means more tons of TiO₂ for our pigment customers, more jobs for Clay County residents, and access to critical materials identified by the U.S. Department of the Interior as vital to the security and economic prosperity of our country, all with minimal impact. on our local environment. We are extremely proud to expand our footprint in Florida and look forward to partnering with this community for years to come.
“Clay Economic Development Council takes great pride in supporting quality employers like Chemours, who provide high-quality, well-paying jobs to our community while doing this essential work. We are proud to have Chemours as a partner in our community,” said Crawford Powell, president of the Clay County Economic Development Corporation. Clay County and the surrounding area are a key national source of critical minerals that are used for aerospace and defense applications due to their light weight and high strength. They are also used in high-tech magnets and electronic components that enable clean energy and an evolving digital economy, as well as coatings, plastics and laminates critical to infrastructure, automotive and energy applications.
The facility will include Mobile Mining Units (MMUs) that address the environmental concerns associated with traditional dredge mining. MMUs allow the site to have much lower emissions, reduced dust levels and improved safety by eliminating conventional haul trucks. Additionally, the Trail Ridge South facility will recycle 98% of its water used in the manufacturing process, providing sustainable solutions while upholding the company’s commitment to mineral processing. Trail Ridge South’s processing and water treatment ponds are all constructed above ground, with a storage capacity of approximately 39 million gallons.
Hiring has begun for the new facility and operators, technicians, heavy equipment operators and mechanics are being sought, along with various other roles. Chemours offers competitive compensation and a comprehensive benefits package. For those without mining experience, Chemours offers an apprenticeship program. Interested candidates can learn more and apply by visiting our Minerals Jobs Page.
About Chemours Company
The Chemours Company (NYSE: CC) is a global leader in titanium technologies, thermal and specialty solutions and advanced performance materials, providing customers with solutions across a wide range of industries with market-defining products, expertise in applications and innovations based on chemistry. We offer custom solutions with a wide range of industrial and specialty chemicals for markets including coatings, plastics, refrigeration and air conditioning, transportation, semiconductors and consumer electronics, general industrial , oil and gas. Our flagship products include renowned brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™ and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that is not directly related to historical or current fact. The words “believe”, “expect”, “will”, “anticipate”, “plan”, “estimate”, “target”, “project” and similar expressions, among others, generally identify “forward-looking statements who speak only as of the date these statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any outstanding or future environmental liabilities, the commencement, outcome or resolution of any investigation, inquiry or regulatory proceeding, the initiation , the outcome or settlement of any litigation, changes in environmental regulations in the United States or other jurisdictions that affect the demand for or adoption of our products, the expected future operational and financial performance of our segments individually and our company as a whole, business plans, outlook, targets, objectives and commitments, capital investments and projects and target capital expenditures, dividend or share buyback plans , sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans for increasing profitability and growth. ance, our ability to make acquisitions, integrate the acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, which are subject to substantial risks and uncertainties that could cause actual results differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties beyond Chemours’ control. Additionally, the current COVID-19 pandemic has had a significant impact on the national and global economy as well as commodity and financial markets, which has had and we expect will continue to have an impact. negative on our financial results. The extent and impact of the pandemic is still being determined and to date has included significant financial and commodity market volatility and severe disruption to economic activity. The public and private sector response has resulted in travel restrictions, temporary business closures, quarantines, stock market volatility, and disruptions to consumer and commercial activities around the world. Matters beyond our control have affected our business and operations and may or may continue to impair our ability to provide goods and services to customers, disrupt our supply chains, harm our business partners, significantly reduce demand for our products, adversely affect the health and welfare of our staff or cause other unforeseeable events. In addition, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the United States Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 and in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021. Chemours undertakes no obligation to revise or update any forward-looking statement for any reason, except as required by law.