Titan Mining Receives Financing Interest of up to US$120 Million from U.S. EXIM Bank for Kilbourne Graphite Project

Core Viewpoint - Titan Mining Corporation has received financing interest of up to US$120 million from the Export-Import Bank of the United States (EXIM) for the construction of its Kilbourne Graphite Project, which is expected to enhance domestic production and supply chain resilience in the U.S. [1][4][5] Financing and Project Development - The financing from EXIM is part of the "Make More in America" initiative and would represent a significant portion of the capital needed for the Kilbourne Project, which aims to produce 40,000 tonnes of natural flake graphite per year [1][4][3] - The indicative terms include a direct loan of up to US$120 million with a repayment period of approximately 12 years, referencing the Commercial Interest Reference Rate (CIRR) currently around 5.0% [5][6] - Titan Mining expects the financing structure to be capital-efficient for shareholders, leveraging federal support and the company's strong cash flow from its existing zinc operations [3][5] Strategic Importance - The Kilbourne Project has been recognized by EXIM as a strategic U.S. critical-minerals asset that aligns with national priorities, aiming to create high-quality American jobs and strengthen supply chain resilience [4][5] - Titan Mining is collaborating with various U.S. government agencies, including the Department of War and the Department of Energy, to enhance its critical-minerals plan through strategic funding and policy programs [2][4] Company Background - Titan Mining Corporation is an existing zinc concentrate producer in New York and is positioning itself as the first fully integrated natural flake graphite producer in the U.S. in 70 years [7] - The company has a strong commitment to developing critical minerals assets that enhance the security of the domestic supply chain [7]