North Atlantic Titanium said it acknowledges the launch of Canada’s first Defense Industrial Strategy, which it described as prioritizing Canadian suppliers and materials and streamlining procurement. The company said the strategy involves more than CAD 0.5 trillion in investment. It also cited government targets including 5% of annual GDP for defense spending by 2035 and CAD 180 billion in defense procurement opportunities over 10 years. North Atlantic Titanium said titanium is designated by NATO as a defense metal and noted that global titanium sponge production is largely controlled by China. The company said its Everett titanium project in Quebec covers 2,406 hectares and referenced a historical resource estimate of 234 million tonnes at 10.8% TiO2.

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