MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko†or the "Company†) announces that it will apply to the TSX Venture Exchange ("TSXV†) for approval to close the first tranche of the hard dollar financing for total proceeds of $650,000. The Company anticipates issuing 6,500,000 common shares at $0.10, along with a half warrant exercisable for three years at $0.15. All securities issued shall be subject to a hold period expiring four months and one day from their date of issuance. Complet ...

Core Insights - Titan Mining Corporation announced its financial and operational results for Q2 2025, achieving quarterly production guidance at its Empire State Mines and is on track to become the first end-to-end producer of natural flake graphite in the U.S. by Q4 2025 [1][4][11] Financial Highlights - Payable zinc production reached 15.51 million pounds, a 7% increase from Q2 2024 [6][7] - Revenue for the quarter was $16.34 million, with a net income of $0.54 million [6][7] - C1 cash costs and all-in sustaining costs (AISC) were both $0.90 per pound [6][7] - Cash flow from operating activities was $2.36 million, and the cash balance at the end of the quarter was $8.1 million [6][7][8] - Net debt decreased by 21% from Q2 2024, totaling $24.2 million [7][8] Operational Highlights - The construction of the Kilbourne graphite processing facility is progressing, with over 50% of major equipment delivered and expected commissioning in Q4 2025 [7][11] - The company added over 40,000 acres of mineral rights, expanding its mineral tenure to over 120,000 acres in upstate New York, enhancing exploration opportunities for zinc and graphite resources [7][12] - Mining operations continued in various zones, with production from the N2D zone ramping up from 250 to 500 tons per day in Q3 [10][11] Strategic Initiatives - Titan is executing a dual-commodity strategy, generating cash flow from zinc operations while advancing its graphite project [5][4] - The company secured $15.8 million in financing from EXIM Bank, marking the first direct mining loan under the Make More in America Initiative [7][8] - Titan aims to position itself as a multi-commodity, integrated supplier of critical minerals to the U.S. economy, supported by both public and private sector backing [4][5]

Core Viewpoint - Titan Mining Corporation has initiated the construction of a commercial demonstration facility for natural flake graphite in New York, marking the first U.S.-sourced and processed natural graphite production since 1956, which is crucial for national security and supply chain resilience [1][3]. Project Overview & Next Steps - The facility is designed to process approximately 60,000 tonnes per year of graphite-bearing material, producing 1,000–1,200 tonnes per year of graphite concentrate [4][5]. - Initial sales to U.S. defense and industrial customers are expected in early 2026, with the facility on track for commissioning in the second half of 2025 [5][6]. - Titan aims to expand production capability to 40,000 tonnes per year to meet a significant portion of U.S. natural flake graphite demand [6][7]. - A Preliminary Economic Assessment (PEA) for the Kilbourne graphite project is anticipated in the second half of 2025 [7]. Strategic Importance - The facility represents a critical step in restoring domestic production of a mineral essential for national security and energy independence [3][4]. - The project is supported by public-private partnerships with local development agencies, which have provided equipment financing and workforce support [4][8]. - Titan Mining Corporation is committed to maintaining at least 135 full-time jobs and creating 5 new positions as part of this initiative [8].