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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].
West Greenland Hub - Germanium, Gallium and Other Strategic Minerals Confirmed at West Greenland Hub
Globenewswire· 2025-11-11 07:00
Core Insights - Amaroq has confirmed high-grade mineralization of zinc, lead, silver, and newly identified critical minerals (germanium, gallium, cadmium) at the Black Angel mine, fulfilling all conditions for its acquisition [2][6][10] - The West Greenland Hub, which includes the Black Angel mine and Kangerluarsuk exploration licenses, is positioned as a significant development area for Amaroq, enhancing its mineral portfolio and operational capabilities in Greenland [9][10][15] Summary by Sections Highlights - Re-assayed bulk samples from the Black Angel mine show an average of 24.6% zinc, 28.1% lead, and 295 g/t silver, with commercial levels of germanium (44 ppm), gallium (21 ppm), and cadmium (1,328 ppm) identified [6][12] - The results suggest potential commercial concentrate grades of 102 ppm Ge, 48.5 ppm Ga, and 3,040 ppm Cd in future zinc concentrates [6][12] Next Steps - Site reviews at Black Angel have been completed to define upgrade requirements and plan geophysical surveys for the 2026 field season, targeting growth of the current mineral resource of 3.2 million tonnes at 8.8% Zn and 3.0% Pb [6][10] - Initial work will focus on the Deep Ice body, where historical drilling confirmed high grades [6][10] West Greenland Hub - The West Greenland Hub will be 100% owned by Amaroq, separate from the Gardaq joint venture, and will serve as a logistical base for the company's operations [9][10][15] - The Hub is expected to become a new center of mining activity in Greenland, supporting the growing mining and exploration sector [9][10] Black Angel Mine - The Black Angel mine has a historical production of approximately 11.2 million tonnes of ore with high grades of zinc, lead, and silver, making it Greenland's most productive base metal mine of its time [11] - Current estimates indicate significant remaining mineralization, with a focus on leveraging existing infrastructure for a near-term restart of operations [11][12] Kangerluarsuk Project - The Kangerluarsuk project, located 12 km north of Black Angel, presents a promising exploration opportunity with historical high grades of zinc and silver [14] - Amaroq plans to initiate drilling at Kangerluarsuk in 2026 to confirm subsurface mineralization continuity [14]
Titan Delivers Strong Q3 Results and Nears Construction Completion of Graphite Facility
Globenewswire· 2025-11-05 11:00
Core Insights - Titan Mining Corporation reported strong financial and operational results for Q3 2025, marking a significant inflection point as it transitions into critical minerals production, particularly natural flake graphite [1][5]. Financial and Operating Performance - Payable zinc produced in Q3 2025 was 14.64 million pounds, a 76% increase from Q3 2024, with year-to-date production totaling 45.52 million pounds [6][7]. - Revenues reached $16.8 million, up 102% compared to Q3 2024 [7]. - C1 cash costs decreased by 23% year-over-year to $1.01 per pound, while all-in sustaining costs (AISC) fell by 16% to $1.13 per pound [7][8]. - Operating cash flow for Q3 was $5.0 million, with a total of $7.1 million year-to-date [7]. Strategic and Corporate Developments - The company secured a Letter of Interest from the US EXIM Bank for up to $120 million to support the construction of a commercial graphite facility, aligning with U.S. supply-chain priorities [5][7]. - The commissioning of the graphite demonstration facility is underway, expected to be completed in Q4 2025, marking the first end-to-end natural graphite production in the U.S. in over 70 years [5][10]. - Titan identified significant concentrations of germanium at the Empire State Mine, with initial plant-feed showing promising grades [7]. Exploration and Operations - A total of 12,803 feet of exploration drilling was completed, with ongoing drilling planned for Q4 2025 [11]. - Mining operations continued in key zones, with a new 40-ton underground haul truck delivered to enhance production capabilities [9].
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
Core Insights - The debottlenecking program at the Kipushi Zinc Mine was completed ahead of schedule and under budget, resulting in a significant increase in zinc production [1][7] - The concentrator throughput rate increased by 20%, achieving a new production record of 1,052 tonnes of zinc produced in 24 hours, which translates to an annualized rate of over 340,000 tonnes [1][4] - A three-year offtake agreement was signed with Mercuria for up to one-third of Kipushi's high-grade zinc production, complementing existing agreements with CITIC Metal and Trafigura [8] Production Improvements - Engineering work for the debottlenecking program began in September 2024, aiming to boost the concentrator throughput from 800,000 to 960,000 tonnes of ore per annum [2] - The DMS circuit's availability improved from approximately 70% to 96% after upgrades, leading to concentrator recoveries exceeding 90% [3] - In the week following the August shutdown, a record of 5,545 tonnes of zinc in concentrate was produced, indicating a potential annual production rate of about 290,000 tonnes [4] Future Production Guidance - The company anticipates a significant increase in zinc production for the remainder of 2025, maintaining production guidance between 180,000 and 240,000 tonnes of zinc [6] - Additional backup electrical upgrades are underway, with six megawatts of backup generator capacity expected to be operational in the fourth quarter to support operations during grid instability [5][12] Safety and Operational Achievements - The Kipushi project team achieved an industry-leading safety record, completing the construction and debottlenecking program without any lost time injuries [7] - The Kipushi concentrator's recent performance positions it to potentially become the world's fourth-largest zinc mining operation if the current run rate is sustained [4]
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].