The Chemours Company, a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, today announced it completed the sale of its Mining Solutions business to Draslovka Holding a.s. (“Draslovka”), a Czech Republic-based private company specializing in cyanide production.

“The sale of Mining Solutions supports our focus on the sustainable growth of our three principal businesses while bolstering our balance sheet and our ability to deliver long term shareholder value creation,” said Mark Newman, Chemours President and CEO. “This transaction accelerates transformational strategies already underway to grow and enhance the quality of our earnings while affording increased financial flexibility. We will remain disciplined with capital allocation and are committed to a continuation of our balanced approach to building value.”