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Titan Mining Announces US$15 Million Investment from a leading Institutional Investor to Accelerate U.S Graphite Development in New York
Globenewswire· 2025-12-16 12:07
Core Viewpoint - Titan Mining Corporation has secured a US$15 million investment to enhance its balance sheet and expedite the development of its Kilbourne Graphite Project in New York State [1][2]. 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 [3]. - Each special warrant grants the holder the right to receive one common share and one common share purchase warrant upon meeting certain conditions [3]. Project Advancement - The new funding, along with US$5.5 million support from the U.S. EXIM Bank, positions Titan to fast-track the completion of the Kilbourne Graphite Feasibility Study in 2026 and move towards construction [2]. Warrant Terms - The warrants will be exercisable for up to three years in two tranches, with 50% exercisable at a 35% premium and the remaining at a 65% premium to the issue price [4]. - The company may call the warrants if its common shares trade above 150% of the applicable exercise price for 15 trading days within any 30-day period [5]. Company Overview - Titan Mining Corporation is a zinc concentrate producer operating the Empire State Mine in New York and is emerging as a natural flake graphite producer [7]. - The company aims to be the first end-to-end producer of natural flake graphite in the USA in 70 years, focusing on enhancing the domestic supply chain of critical minerals [7].
Titan Mining to Begin NYSE American Trading November 20 as “TII”
Globenewswire· 2025-11-17 11:00
Core Viewpoint - Titan Mining Corporation has achieved a significant milestone by getting its common shares approved for listing on the NYSE American, which reflects the company's momentum and its role in strengthening America's critical minerals supply chain [1][2]. Company Overview - Titan Mining Corporation is a zinc concentrate producer located in upstate New York and is also emerging as a natural flake graphite producer, which is essential in the rare earths and critical minerals ecosystem [1][4]. - The company operates the Empire State Mine, which is 100% owned and produces zinc concentrate, while also targeting to be the first end-to-end producer of natural flake graphite in the USA in 70 years [4]. Listing Details - Trading on NYSE American is expected to commence on or about November 20, 2025, under the ticker symbol "TII," while the shares will cease to be quoted on the OTCQB Venture Market [2]. - Current shareholders do not need to take any action, but those holding shares through OTCQB brokers should monitor their accounts for updates to the new ticker symbol [3]. Strategic Importance - The listing on NYSE American is expected to broaden Titan's access to global capital markets and enhance its visibility as it develops its graphite project [2]. - Graphite is classified as an essential critical mineral by the U.S. Department of Energy and the Department of War, with the U.S. currently importing 100% of its natural graphite, 42% of which comes from China [2]. Future Growth Potential - Titan's federally supported U.S. graphite platform is anticipated to deliver transformative, long-term growth, positioning the company uniquely in the market [2][5].
Titan Mining announces $120m financing interest from EXIM for graphite project
Yahoo Finance· 2025-10-08 10:59
Core Insights - Titan Mining Corporation is seeking up to $120 million in financing from the Export-Import Bank of the United States (EXIM) for its Kilbourne Graphite Project as part of the Make More in America (MMIA) initiative [1][5] - The project aims to enhance domestic production and secure supply chains for critical minerals, aligning with national priorities [2][3] Financing Details - EXIM has issued a letter of interest recognizing the Kilbourne Project as a strategic asset, which could support the construction of a 40,000-tonne-per-annum commercial natural flake graphite facility [3] - The indicative terms include a direct loan of up to $120 million with a repayment period of approximately 12 years and an interest-only period, referencing a commercial interest rate around 5% [4] Strategic Collaboration - Titan is collaborating with various US Government agencies, including the Department of War and Department of Energy, to secure strategic funding and policy programs [2] - The financing structure is expected to be capital-efficient for Titan's shareholders, leveraging federal support and cash flow from its Empire State Mines zinc operations [2][5] Future Steps - Titan will continue to work with EXIM's MMIA team to advance due diligence and structure a definitive financing package for the Kilbourne Project in the coming months [6]
Titan Mining Receives Financing Interest of up to US$120 Million from U.S. EXIM Bank for Kilbourne Graphite Project
Globenewswire· 2025-10-07 10:00
Core Viewpoint - Titan Mining Corporation has received financing interest of up to US$120 million from the Export-Import Bank of the United States (EXIM) for the construction of its Kilbourne Graphite Project, which is expected to enhance domestic production and supply chain resilience in the U.S. [1][4][5] Financing and Project Development - The financing from EXIM is part of the "Make More in America" initiative and would represent a significant portion of the capital needed for the Kilbourne Project, which aims to produce 40,000 tonnes of natural flake graphite per year [1][4][3] - The indicative terms include a direct loan of up to US$120 million with a repayment period of approximately 12 years, referencing the Commercial Interest Reference Rate (CIRR) currently around 5.0% [5][6] - Titan Mining expects the financing structure to be capital-efficient for shareholders, leveraging federal support and the company's strong cash flow from its existing zinc operations [3][5] Strategic Importance - The Kilbourne Project has been recognized by EXIM as a strategic U.S. critical-minerals asset that aligns with national priorities, aiming to create high-quality American jobs and strengthen supply chain resilience [4][5] - Titan Mining is collaborating with various U.S. government agencies, including the Department of War and the Department of Energy, to enhance its critical-minerals plan through strategic funding and policy programs [2][4] Company Background - Titan Mining Corporation is an existing zinc concentrate producer in New York and is positioning itself as the first fully integrated natural flake graphite producer in the U.S. in 70 years [7] - The company has a strong commitment to developing critical minerals assets that enhance the security of the domestic supply chain [7]
Titan Mining On Track to Become the Only Fully Integrated U.S. Graphite Producer by Q4 2025
Globenewswire· 2025-07-21 10:00
Core Viewpoint - Titan Mining Corporation is advancing its Kilbourne Graphite Project, aiming to become the first fully integrated U.S. graphite producer in over 70 years, with operational readiness targeted for Q4 2025 [1][5]. Company Updates - The recent installation of the ball mill marks a significant milestone towards operational readiness [3]. - Over 50% of major equipment has been delivered, with installation set to begin in August 2025 and commissioning targeted for Q4 2025 [5]. - All key operating permits have been secured, with sales qualification aimed for Q1 2026 [5]. Market Positioning - Titan is positioned to provide a secure, tariff-free source of U.S.-produced graphite amidst rising global trade restrictions and tariffs on imports [4][5]. - The company emphasizes its commitment to utilizing U.S.-sourced equipment and maintaining a skilled domestic workforce to enhance supply chain reliability [4]. Resource Potential - The current resource at Kilbourne represents only 8,300 ft of a known total strike length of 25,000 ft, indicating significant resource expansion potential to meet U.S. natural flake graphite demand [4]. - The Kilbourne Graphite Project is expected to meet a majority of projected U.S. graphite demand in key sectors, showcasing its scalability [5]. Strategic Advantages - Titan leverages existing infrastructure, including a skilled workforce of over 135 personnel, on-site power, and logistics networks to expedite readiness [5]. - The company focuses on sourcing over 90% of its equipment from North America, primarily the United States, supporting domestic manufacturing [5].