Workflow
Natural Flake Graphite
icon
Search documents
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
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 ...
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].