North Atlantic Titanium Corp. (CSE: NATO) (OTCQB: NATQ.F) (FSE: Y33) announced it has joined the Defense Industrial Base Consortium (DIBC), a collaborative initiative focused on advancing secure, innovative, and resilient solutions for the defense industrial base. Membership in the DIBC allows the Company to participate in research, technical discussions, and collaborative projects aimed at strengthening North American industrial-base capabilities.
Dwayne Yaretz, CEO and Director of North Atlantic Titanium, stated: “Joining the Defense Industrial Base Consortium reflects North Atlantic Titanium’s commitment to contributing to secure and resilient North American critical-mineral supply chains. Titanium, vanadium, and phosphate each have important industrial and strategic applications, and the Company looks forward to participating in technical collaboration, supply-chain discussions, and potential future critical-mineral opportunities.”
The U.S. Department of War’s Warfighting Investments, Resourcing, and Execution (WIRE) directorate established the DIBC Other Transaction Agreement (OTA) to enable rapid research, access to commercial solutions for defense requirements, and innovations from industry, academia, and non-traditional contractors. DIBC members focus on identifying, developing, and testing cutting-edge capabilities at the speed of innovation.
The DIBC is managed by Advanced Technology International (ATI), which serves as the consortium manager. According to ATI, the DIBC aims to diversify and expand the defense industrial base and enable small and non-traditional businesses to work with government and access research and prototyping teaming opportunities. The DIBC OTA has a 10-year period of performance with no funding ceiling.
Membership in the DIBC does not imply U.S. Government endorsement, project approval, funding, or the award of any contract or agreement. However, the consortium enhances WIRE’s mission of addressing defense supply chain issues, developing the industrial workforce, sustaining critical production, commercializing Research and Development (R&D) efforts, and rapidly scaling emerging technologies to build a robust, resilient defense industrial base.
North Atlantic Titanium is focused on developing the Everett titanium-vanadium project in Québec, targeting the production of high-quality titanium feedstocks with potential value-added vanadium and phosphate coproducts. The Company also holds a 100-per-cent interest in the Sleeping Giant South gold project, located in the Abitibi greenstone belt, approximately 75 kilometres south of Matagami, Que.
For more information, visit www.natitanium.com.
