The Export-Import Bank of the United States approves US$15.8 Million Financing for ESM to Advance Zinc and Critical Minerals Production in New York
Globenewswire·2025-06-19 13:30

Core Viewpoint - Titan Mining Corporation has secured a US$15.8 million financing from the Export-Import Bank of the United States to enhance zinc production and advance its critical minerals portfolio in New York [1][2][4] Group 1: Financing and Strategic Importance - This financing is the first direct mining transaction under the Make More in America Initiative, aimed at reshoring industrial capacity and securing U.S. supply chains for critical materials [2][5] - The financing will support capital equipment and infrastructure upgrades at Empire State Mines, facilitating the expansion of zinc production and the development of graphite operations [7] Group 2: Job Creation and Economic Impact - The financing will help retain over 135 high-quality jobs in upstate New York and create 10 new skilled positions [4][7] - Titan's CEO emphasized the strategic importance of the financing in validating the company's long-term vision and commitment to U.S. mineral policy [4] Group 3: Company Overview - Titan Mining Corporation operates the Empire State Mine in New York, focusing on producing zinc concentrate and developing critical minerals to enhance domestic supply chain security [6] - The company is part of the Augusta Group and aims to deliver shareholder value through operational excellence and exploration [6]

The Export-Import Bank of the United States approves US$15.8 Million Financing for ESM to Advance Zinc and Critical Minerals Production in New York - Reportify