Titan Mining announces $120m financing interest from EXIM for graphite project

Core Insights - Titan Mining Corporation is seeking up to $120 million in financing from the Export-Import Bank of the United States (EXIM) for its Kilbourne Graphite Project as part of the Make More in America (MMIA) initiative [1][5] - The project aims to enhance domestic production and secure supply chains for critical minerals, aligning with national priorities [2][3] Financing Details - EXIM has issued a letter of interest recognizing the Kilbourne Project as a strategic asset, which could support the construction of a 40,000-tonne-per-annum commercial natural flake graphite facility [3] - The indicative terms include a direct loan of up to $120 million with a repayment period of approximately 12 years and an interest-only period, referencing a commercial interest rate around 5% [4] Strategic Collaboration - Titan is collaborating with various US Government agencies, including the Department of War and Department of Energy, to secure strategic funding and policy programs [2] - The financing structure is expected to be capital-efficient for Titan's shareholders, leveraging federal support and cash flow from its Empire State Mines zinc operations [2][5] Future Steps - Titan will continue to work with EXIM's MMIA team to advance due diligence and structure a definitive financing package for the Kilbourne Project in the coming months [6]