Core Insights - Titan Mining Corporation is positioned to supply up to 50% of U.S. natural graphite demand, supported by federal backing under EXIM's "Make More in America" initiative [1][6] - The Kilbourne Graphite Project has demonstrated robust economics with an after-tax NPV(7%) of $513 million, a 37% IRR, and a payback period of 2.7 years [2][4] - The project is expected to create approximately 160 permanent jobs, contributing to local economic benefits in St. Lawrence County and New York State [9] Economic Highlights - The Kilbourne Project Study indicates a pre-tax NPV of $581 million and an after-tax NPV of $513 million [10] - The project has a pre-tax IRR of 38.9% and an after-tax IRR of 37.0% [10] - Initial capital expenditure is estimated at $156 million, with a life of mine OPEX of $886 million [10][12] Production and Resource Details - The Kilbourne Project hosts an inferred mineral resource of 22.4 million tons grading 2.91% Cg, with significant exploration upside as only 30% of the known strike length has been drilled [7][18] - Average production is projected at approximately 40,000 metric tonnes per annum of graphite concentrate, which aligns with nearly 50% of current U.S. demand [4][7] - The project will utilize a flotation-based concentrator, achieving 95% Cg at approximately 90% recovery [7] Government Support and Financing - EXIM has approved an additional $5.5 million of non-dilutive funding to accelerate feasibility work at Kilbourne [2][4] - A non-binding Letter of Interest for up to $120 million of project financing has been issued by EXIM, expected to cover the majority of construction capital [2][4] Strategic Importance - The Kilbourne Project is positioned as a cornerstone of U.S. graphite supply, enhancing domestic supply chains for strategic minerals essential to national security [6][9] - Titan's operations are expected to support U.S. defense and semiconductor supply chains through the development of a multi-metal critical materials complex [4][6]

Core Insights - Titan Mining Corporation is advancing towards establishing the first integrated graphite supply chain in the U.S. in over 70 years, with a focus on products for the battery, defense, and industrial sectors [1][4][5] - The commissioning of the graphite demonstration facility at Empire State Mines is a significant milestone for U.S. graphite independence and regional economic development [1][2][4] Company Developments - The facility will validate downstream processing of natural flake graphite from the Kilbourne Graphite Project and is expected to complete commissioning by Q4 2025, with customer qualification starting in Q1 2026 [3][5] - Titan Mining is leveraging existing infrastructure at Empire State Mines to advance the project in a capital-efficient manner while creating high-quality jobs in New York's North Country [4][5] Strategic Importance - The project establishes a U.S. pathway for natural flake graphite products that are essential for defense, aerospace, industrial, and energy markets [5] - The facility's development is seen as a critical step in reducing dependence on foreign graphite supply, thereby enhancing national security [4][5]