Chemours Begins Commissioning at Its Newest Sand Mine in Clay County, Florida
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CLAY COUNTY, Fla.--(BUSINESS WIRE)--The Chemours Company ("Chemours") (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced it has begun commissioning its newest mineral sand mine, Trail Ridge South. The new mining operation represents a $93 million investment that will create approximately 50 new jobs in the three-county area.

Commissioning work to test operational aspects of the new mine has begun, with startup anticipated later this year. 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 high-quality concentrated 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, community, and our country," said Jody Sciance, co-director of Minerals 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 our nation's security and economic prosperity—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 is very proud to support quality employers like Chemours, who provide high quality and high-wage jobs for our community, while performing this essential work. We are proud to have Chemours as a partner in our community," said Crawford Powell, Clay County Economic Development Corporation President. Clay County and the surrounding region is a key domestic source of critical minerals that are used for aerospace and defense applications because of their light weight and high strength. They are also used in high-tech magnets and electronic components that enable clean energy and evolving digital economy, and for coatings, plastics, and laminates critical to infrastructure, automotive and energy applications.

The facility will be incorporating Mobile Mining Units (MMUs) that address environmental concerns with traditional dredge mining. The MMUs allow the site to have much lower emissions, reduced dust levels, and improved safety by removing conventional hauling trucks. In addition, the Trail Ridge South facility will recycle 98% of its water used in the manufacturing process—providing sustainable solutions while still meeting the company's commitment to process minerals. Trail Ridge South process water and water treatment ponds are all constructed above ground, with approximately 39 million gallons of storage capacity.

Hiring has begun for the new facility, and operators, technicians, heavy equipment operators, and mechanics are needed, along with various other roles. Chemours offers competitive pay and a comprehensive benefits package. For those who do not have mining experience, Chemours offers an apprentice program. Interested applicants can learn more and apply by visiting our Minerals Jobs Page.

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About The Chemours Company

The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products include prominent 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.

For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.

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Forward-Looking Statements

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, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, 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 U.S. Securities and Exchange Commission, including in 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 year ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

Contacts

INVESTORS

Jonathan Lock
SVP, Chief Development Officer
+1.302.773.2263

investor@chemours.com

Kurt Bonner,
Manager, Investor Relations
+1.302.773.0026

investor@chemours.com

NEWS MEDIA
Lisa Randall
Communications Manager
+1.910.678.1942
media@chemours.com
Filed Under: Business

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