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Titan Mining Closes on First-of-Its-Kind EXIM MMIA Feasibility Financing for Domestic Graphite Project
Globenewswire· 2025-12-23 11:00
Core Viewpoint - Titan Mining Corporation has secured a US$5.5 million non-dilutive financing agreement with the U.S. Export-Import Bank to support feasibility work at its Kilbourne Graphite Project, marking a significant step in enhancing domestic graphite supply chains [1][2][3]. Financing Details - The US$5.5 million facility is part of EXIM's Make More in America Initiative and will facilitate resource drilling, metallurgical testing, and engineering programs necessary for the Kilbourne Feasibility Study, expected to be completed in 2026 [2][6]. - The financing is guaranteed by Titan and its subsidiaries, showcasing the company's commitment to advancing its U.S. critical minerals strategy [3][6]. - The facility has a final maturity date of September 30, 2032, with an interest-only period for the first 24 months, followed by a 5-year repayment period at a competitive fixed interest rate of approximately 4.77% per annum [6]. Strategic Importance - The funding is seen as a reinforcement of federal support for U.S. defense, energy, and national security priorities, emphasizing the strategic importance of the Kilbourne project [3][4]. - Titan aims to become the first end-to-end producer of natural flake graphite in the U.S. in 70 years, enhancing the security of the domestic supply chain for critical minerals [4].