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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]
Kipushi Debottlenecking Program Completed Ahead of Schedule and Under Budget
Newsfile· 2025-08-27 10:30
Kipushi Debottlenecking Program Completed Ahead of Schedule and Under BudgetAugust 27, 2025 6:30 AM EDT | Source: Ivanhoe Mines Ltd.Kipushi concentrator throughput rate increased by 20%, setting new production recordsRecord 1,052 tonnes of zinc produced in 24 hours, equivalent to an annualized rate of over 340,000 tonnesOff-take agreement signed with Mercuria for up to one-third of high-grade zinc productionJohannesburg, South Africa--(Newsfile Corp. - August 27, 2025) - Ivanhoe Mines' (TSX: I ...
Titan Mining On Track to Become the Only Fully Integrated U.S. Graphite Producer by Q4 2025
GlobeNewswire News Room· 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][6]. Company Updates - The recent installation of a 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 [6]. - All key operating permits have been secured, with sales qualification aimed for Q1 2026 [6]. 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][6]. - The company emphasizes its commitment to utilizing U.S.-sourced equipment and maintaining a skilled domestic workforce to enhance supply chain reliability [4][6]. 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 scale significantly, positioning Titan to meet a majority of projected U.S. graphite demand in key sectors [6]. Strategic Advantages - Titan's existing infrastructure, including a skilled workforce of over 135 personnel and on-site power, supports fast-tracking operational readiness [6]. - The company has sourced over 90% of its equipment from North America, primarily from the United States, reinforcing its focus on domestic manufacturing [6].
Titan Mining Reports 37% Revenue Growth and Lower Costs in Q1 2025
Globenewswire· 2025-05-14 10:00
Core Insights - Titan Mining Corporation reported a 37% year-over-year revenue increase for Q1 2025, reaching $16.02 million, alongside a 4% reduction in all-in sustaining costs (AISC) [1][7] - The company achieved a payable zinc production of 15.37 million pounds, a 5% increase from Q1 2024, and a significant cash flow from operations of $2.69 million, up 922% year-over-year [7][8] - Exploration results indicate potential mineral resource expansion, with a notable intercept of 11.6 feet at 13.7% Zn, approximately 1,750 feet outside the current mineral resource model [4][11] Financial Performance - Revenue for Q1 2025 was $16.02 million, a 37% increase compared to $11.73 million in Q1 2024 [7] - Net income after tax was $0.35 million, compared to a loss of $2.63 million in Q1 2024 [7] - Cash flow from operating activities was $2.69 million, significantly up from $0.26 million in Q1 2024 [7] Operational Highlights - The average realized zinc price was $1.29 per pound, up from $1.11 per pound in Q1 2024 [7] - C1 cash costs decreased to $0.91 per pound, down 6% from $0.97 per pound in Q1 2024, while AISC was $0.96 per pound, down 4% from $1.00 per pound in Q1 2024 [7][8] - The company drilled 22 holes totaling 9,213 feet in underground exploration, focusing on the Mahler, New Fold, and Mud Pond zones [11] Strategic Developments - Titan is advancing its dual-commodity growth plan with robust cash flow from zinc operations and rapid progress on the Kilbourne graphite project [5][10] - The Kilbourne Graphite Project is on track to produce 1,000–1,200 tonnes of graphite concentrate per year, with plans to increase production to 40,000 tonnes per year, marking the first fully integrated natural flake graphite production in the U.S. since 1956 [10][28] - The company is implementing a production expansion from 1,750 to 2,250 tons/day, expected to be completed by year-end [9][28]
Titan Mining Signs Cooperative Agreements with St. Lawrence County, Expands Mineral Tenure to Greater Than 120,000 acres in Upstate New York
GlobeNewswire News Room· 2025-05-08 10:00
Core Viewpoint - Titan Mining Corporation has expanded its mineral rights by 43,943 acres in St. Lawrence County, New York, bringing its total mineral tenure to over 120,000 acres, enhancing opportunities for discovering additional zinc, graphite, and IOCG deposits [1][4][10]. Group 1: Expansion Details - The new parcels were selected based on mining history, exploration records, and geological potential, focusing on base metals (zinc and lead), graphite, and polymetallic resources (gold, copper, and iron) [3]. - The expansion includes 37,867 acres under lease and 6,075 acres under an option to lease, with a lease term of up to 40 years and an option term of up to 25 years [10]. - The addition consolidates the mineralized trend between Titan's Empire State Mine and the historic Edwards Mine, which produced 6,567,660 tons at 10.76% zinc [8][10]. Group 2: Economic Impact and Community Commitment - The agreement is expected to create new jobs and stimulate local economic growth, with a commitment to prioritize hiring qualified St. Lawrence County residents [4][10]. - Local officials expressed pride in the partnership with Titan, emphasizing the unlocking of the region's economic potential through responsible development and local hiring [4][5]. Group 3: Exploration Plans - An updated exploration strategy for 2025 has been developed, with 18 drill-ready targets identified, including five on the newly acquired parcels [9]. - Drilling commenced in January at Pleasant Valley, with future programs planned at Pork Creek, Moss Ridge, Parish, and Bend targets [9]. - Recent surface sampling returned gold values of up to 0.41 g/t Au and trace copper up to 0.05%, indicating potential for further exploration [5][7].