Titan Mining Closes US$15 Million Institutional Financing to Advance U.S. Graphite Strategy

Core Viewpoint - Titan Mining Corporation has successfully closed a US$15 million private placement to enhance its financial flexibility for advancing the Kilbourne Graphite Project and executing its U.S. graphite growth strategy [1][2]. Financing Details - The private placement involved the issuance of 6,666,666 special warrants at a price of US$2.25/C$3.10 per warrant, resulting in gross proceeds of approximately US$15 million [2]. - Each special warrant will convert into one common share and one common share purchase warrant upon meeting certain conditions [2]. Warrant Information - The warrants will be exercisable for up to three years, with 50% exercisable at a 35% premium and the remaining 50% at a 65% premium to the issue price [3]. - The company has the option to call the warrants if its common shares trade above 150% of the applicable exercise price for 15 trading days within any 30-day period [3]. Company Overview - Titan Mining Corporation is a producer of zinc concentrate and is emerging as a natural flake graphite producer, aiming to be the first end-to-end producer of natural flake graphite in the USA in 70 years [5]. - The company is committed to developing critical minerals assets to enhance the security of the domestic supply chain [5].