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Titan Delivers Strong Q3 Results and Nears Construction Completion of Graphite Facility
Globenewswireยท 2025-11-05 11:00
Core Insights - Titan Mining Corporation reported strong financial and operational results for Q3 2025, marking a significant inflection point as it transitions into critical minerals production, particularly natural flake graphite [1][5]. Financial and Operating Performance - Payable zinc produced in Q3 2025 was 14.64 million pounds, a 76% increase from Q3 2024, with year-to-date production totaling 45.52 million pounds [6][7]. - Revenues reached $16.8 million, up 102% compared to Q3 2024 [7]. - C1 cash costs decreased by 23% year-over-year to $1.01 per pound, while all-in sustaining costs (AISC) fell by 16% to $1.13 per pound [7][8]. - Operating cash flow for Q3 was $5.0 million, with a total of $7.1 million year-to-date [7]. Strategic and Corporate Developments - The company secured a Letter of Interest from the US EXIM Bank for up to $120 million to support the construction of a commercial graphite facility, aligning with U.S. supply-chain priorities [5][7]. - The commissioning of the graphite demonstration facility is underway, expected to be completed in Q4 2025, marking the first end-to-end natural graphite production in the U.S. in over 70 years [5][10]. - Titan identified significant concentrations of germanium at the Empire State Mine, with initial plant-feed showing promising grades [7]. Exploration and Operations - A total of 12,803 feet of exploration drilling was completed, with ongoing drilling planned for Q4 2025 [11]. - Mining operations continued in key zones, with a new 40-ton underground haul truck delivered to enhance production capabilities [9].