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Titan Mining Receives US$15 Million Investment from a leading Institutional Investor to Accelerate U.S Graphite Development in New York
Globenewswire· 2025-12-16 12:08
Core Viewpoint - Titan Mining Corporation is accelerating its development to become the first end-to-end natural flake graphite producer in the U.S. in 70 years, supported by a US$15 million investment from a leading institutional equity investor [1][4]. Investment Details - The investment will be executed through a private placement of 6,666,666 special warrants at a price of US$2.25/C$3.10 per warrant [4][9]. - This funding, along with US$5.5 million from the U.S. EXIM Bank, positions Titan to expedite the completion of the Kilbourne Graphite Feasibility Study in 2026 and move towards construction [2][9]. Strategic Importance - The investment is seen as a strong endorsement of Titan's strategy to re-establish a domestic graphite supply chain, enhancing U.S. critical minerals security [4][8]. - Titan aims to deliver shareholder value through operational excellence and the development of critical minerals assets [8]. Warrant Structure - The warrants will be exercisable in two tranches, with 50% at a 35% premium and the remaining 50% at a 65% premium to the issue price [5][9]. - The company has the option to call the warrants if its common shares trade above 150% of the exercise price for 15 trading days within any 30-day period [6][9].
Titan Mining Receives NYSE American Pre-Clearance for U.S. Listing
Globenewswire· 2025-10-30 10:00
Core Viewpoint - Titan Mining Corporation has received pre-clearance from NYSE American for its planned U.S. stock exchange listing, aiming to enhance its position in the critical minerals sector, particularly in natural flake graphite production [1][2][3] Company Strategy - The initiative aligns with Titan's strategy to rebuild secure North American supply chains for critical materials, focusing on natural flake graphite, which is essential for the energy-transition and defense sectors [2] - The listing on NYSE American is expected to broaden Titan's investor base in the U.S., emphasizing the importance of domestic production capacity [3] Share Consolidation - Titan's Board has approved a consolidation of shares at a ratio of one new Common Share for every 1.5 existing Common Shares, effective to align with U.S. market listing standards [3] - Post-consolidation, the number of issued and outstanding Common Shares will reduce from 137,234,657 to 91,489,771 [7] - The new CUSIP and ISIN numbers for the Common Shares will be 88831L202 and CA88831L2021, respectively [6] Trading Information - Following the consolidation, Titan's Common Shares are expected to begin trading on the NYSE American under the symbol "TII" by the third week of November 2025, pending final approval [4][5] - Trading on the OTCQB under the symbol "TIMCF" will continue until the NYSE American trading commences [4] Company Background - Titan Mining Corporation is a producer of zinc concentrate at its Empire State Mine in New York and is emerging as a natural flake graphite producer, aiming to be the first end-to-end producer of this material in the USA in 70 years [9] - The company is committed to enhancing the security of the domestic supply chain for critical minerals [9]
Lomiko Metals Announces Closing of the First Tranche of the Hard Dollar Financing
Businesswire· 2025-10-06 22:57
Core Viewpoint - Lomiko Metals Inc. is seeking approval from the TSX Venture Exchange to close the first tranche of a hard dollar financing, aiming for total proceeds of $650,000 through the issuance of 6,500,000 common shares at $0.10 each, along with warrants [1][2] Financing Details - The financing will involve a hold period of four months and one day from the date of issuance, pending necessary regulatory approvals [2] - Proceeds from the financing will be allocated to the engineering phase of the prefeasibility study for the La Loutre graphite project, including bulk sampling and anode piloting, as well as general working capital [3][4] Project Overview - The La Loutre graphite project is located in southern Quebec, within the territory of the Kitigan Zibi Anishinabeg First Nation, covering 4,528 hectares [4] - An updated Mineral Resource Estimate published on May 11, 2023, indicates 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, representing a 184% increase in tonnage [6] Additional Projects - Lomiko Metals also holds interests in seven early-stage projects in southern Quebec, covering a total of 328 claims across 18,622 hectares [7][8] - The company has a 49% stake in the Bourier Project, located in Quebec's lithium triangle, consisting of 203 claims over 10,252.20 hectares [9] Exploration Results - The Ruisseau project has reported grades up to 27.9% Cg from four distinct mineralized zones, while other projects like Meloche and Tremblant have also shown significant graphite grades [15]
Titan Mining Delivers Strong Q2 Results; On Track to Commission First Integrated U.S. Graphite Facility in 2025
Globenewswire· 2025-08-12 10:00
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]
Titan Launches Processing Facility for U.S. Natural Flake Graphite Production in New York
Globenewswire· 2025-05-20 10:00
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].