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Titan Mining Receives Financing Interest of up to US$120 Million from U.S. EXIM Bank for Kilbourne Graphite Project
Globenewswire· 2025-10-07 10:00
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]
Titan Announces Results of its Annual Shareholders' Meeting
GlobeNewswire News Room· 2025-08-20 21:14
Group 1 - Titan Mining Corporation held its annual meeting of shareholders on August 20, 2025, where all matters presented for approval were approved [1] - The election results for the Board of Directors showed that John Boehner and Donald R. Taylor received 99.99% of votes in favor, while Lenard Boggio and George Pataki received 92.07% [1] - The company reported that Richard Warke received 97.66% of votes in favor, with a total of 83,459,159 votes [1] Group 2 - Titan Mining Corporation is a subsidiary of Augusta Group, producing zinc concentrate at its 100%-owned Empire State Mine in New York [2] - The company is also 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 [2] - Titan's commitment is focused on developing critical minerals assets to enhance the security of the domestic supply chain and deliver shareholder value through operational excellence [2]
Titan Mining On Track to Become the Only Fully Integrated U.S. Graphite Producer by Q4 2025
Globenewswire· 2025-07-21 10:00
Core Viewpoint - Titan Mining Corporation is advancing its Kilbourne Graphite Project, aiming to become the first fully integrated U.S. graphite producer in over 70 years, with operational readiness targeted for Q4 2025 [1][5]. Company Updates - The recent installation of the ball mill marks a significant milestone towards operational readiness [3]. - Over 50% of major equipment has been delivered, with installation set to begin in August 2025 and commissioning targeted for Q4 2025 [5]. - All key operating permits have been secured, with sales qualification aimed for Q1 2026 [5]. Market Positioning - Titan is positioned to provide a secure, tariff-free source of U.S.-produced graphite amidst rising global trade restrictions and tariffs on imports [4][5]. - The company emphasizes its commitment to utilizing U.S.-sourced equipment and maintaining a skilled domestic workforce to enhance supply chain reliability [4]. Resource Potential - The current resource at Kilbourne represents only 8,300 ft of a known total strike length of 25,000 ft, indicating significant resource expansion potential to meet U.S. natural flake graphite demand [4]. - The Kilbourne Graphite Project is expected to meet a majority of projected U.S. graphite demand in key sectors, showcasing its scalability [5]. Strategic Advantages - Titan leverages existing infrastructure, including a skilled workforce of over 135 personnel, on-site power, and logistics networks to expedite readiness [5]. - The company focuses on sourcing over 90% of its equipment from North America, primarily the United States, supporting domestic manufacturing [5].