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Titan Announces Results of its Annual Shareholders' Meeting
GlobeNewswire News Room· 2025-08-20 21:14
GOUVERNEUR, N.Y., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI, OTCQB: TIMCF) (“Titan” or the “Company”) announces that all matters presented for approval at Titan’s annual meeting of shareholders held today, as more particularly set out in the Company’s Management Information Circular dated July 9, 2025, have been approved. A summary of the results for the election of Titan’s Board of Directors is provided below: Name of NomineeVotes ForVotes AgainstVotes WithheldNumber%Number%Number ...
Titan Announces Results of its Annual Shareholders’ Meeting
Globenewswire· 2025-08-20 21:14
GOUVERNEUR, N.Y., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI, OTCQB: TIMCF) (“Titan” or the “Company”) announces that all matters presented for approval at Titan’s annual meeting of shareholders held today, as more particularly set out in the Company’s Management Information Circular dated July 9, 2025, have been approved. A summary of the results for the election of Titan’s Board of Directors is provided below: Name of NomineeVotes ForVotes AgainstVotes WithheldNumber%Number%Number ...
Titan Mining Closes Landmark US$15.8M Credit Agreement with US EXIM
Globenewswire· 2025-07-22 10:00
Core Viewpoint - Titan Mining Corporation has secured a credit agreement with the Export-Import Bank of the United States for up to US$15.8 million to support capital development at its Empire State Mines, highlighting the importance of domestic critical mineral production [1][2]. Financial Agreements - The EXIM Facility provides funding for critical capital development, supporting current operations and planned expansion at the underground zinc mine in New York [1]. - Titan has also entered into a credit agreement with Augusta Investments Inc. for US$16.5 million, which includes advances made in 2024 [5]. - The EXIM Facility has a competitive interest rate of approximately 4.91% per annum, with an effective interest rate of about 7% after accounting for fees [6]. Job Creation and Economic Impact - The EXIM Facility is expected to retain 135 jobs and create 10 new positions in compliance with domestic employment requirements [6]. - The financing is aimed at enhancing long-term production capacity and supporting operational growth, contributing to job creation in upstate New York [4]. Strategic Importance - This transaction marks EXIM's first direct mining investment under its Make More in America Initiative, emphasizing the strategic importance of domestic critical mineral production [2]. - Titan's partnership with EXIM is seen as a step towards advancing U.S. supply chain security and critical minerals independence [4]. Debt Restructuring - The Augusta Facility will bear an interest rate of 8% per annum, with repayments beginning in 2026 over three years [6][8]. - The agreement with Augusta is considered a related party transaction, approved by the Company's board, ensuring compliance with relevant regulations [9]. Company Overview - Titan Mining Corporation operates the Empire State Mine in New York and is also targeting to become the USA's first end-to-end producer of natural flake graphite in 70 years [10]. - The company is committed to developing critical minerals assets to enhance the security of the domestic supply chain [10].