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Titan Mining Commences Graphite Processing at Empire State Mines in New York
Globenewswire· 2025-12-11 11:00
Core Viewpoint - Titan Mining Corporation is positioning itself as the only end-to-end domestic producer of natural graphite in the U.S., enhancing the supply of critical minerals and addressing supply chain vulnerabilities [1][3][4] Group 1: Project Development - Ore feeding has commenced at Titan's Kilbourne graphite demonstration facility, marking a significant step towards the first production of graphite concentrate in over 70 years [1][2] - The Kilbourne Project aims to reach an annual production capacity of 40,000 tonnes of graphite concentrate, potentially supplying nearly half of the current U.S. natural graphite demand [3][4] Group 2: Economic and Financial Support - The project has received strong backing from the Export-Import Bank of the United States, including an additional $5.5 million in non-dilutive funding and a non-binding Letter of Interest for up to $120 million in project financing [4] - The Kilbourne Project Study confirmed robust project economics, underscoring the strategic importance of restoring a fully integrated U.S. graphite supply chain [4] Group 3: Strategic Importance - The establishment of a secure U.S. supply of battery-grade natural flake graphite is crucial for energy storage, defense, and strategic industries [2][4] - The commencement of operations at the Kilbourne facility is seen as a pivotal moment for U.S. critical minerals independence [2]
Titan Mining Commences Trading on the NYSE American as “TII”
Globenewswire· 2025-11-21 11:00
Core Viewpoint - Titan Mining Corporation has successfully uplisted its shares to the NYSE American, marking a significant step in its strategy to enhance its presence in U.S. capital markets and support the domestic critical minerals supply chain [1][2]. Company Overview - Titan Mining Corporation is a zinc concentrate producer based in New York and is also emerging as a natural flake graphite producer, aiming to be the first end-to-end producer of natural flake graphite in the USA in 70 years [3]. - The company operates the Empire State Mine, which is 100% owned, and is focused on delivering shareholder value through operational excellence and the development of critical minerals assets [3]. Strategic Growth - The uplisting is seen as a validation of Titan's strategy and is expected to enhance visibility in U.S. capital markets at a crucial time for the domestic critical mineral supply chains [2]. - Titan is entering a new phase of strategic growth, supported by strong cash flow from its zinc operations and a federally supported graphite project [2].
Titan Mining Advances Toward NYSE American Listing
Globenewswire· 2025-10-27 10:00
Core Viewpoint - Titan Mining Corporation is advancing towards listing on the NYSE American, with administrative steps already in progress [1][3] Company Actions - The Board of Titan has approved a consolidation of shares at a ratio of one new Common Share for every 1.5 existing Common Shares, pending approval from the Toronto Stock Exchange [2] - The consolidation aims to align Titan with typical U.S. market standards and will not affect shareholders' proportionate ownership [3] - Following the consolidation and final approval, Titan expects its Common Shares to trade on the NYSE American under the symbol "TII" while continuing to trade on the OTCQB and TSX under their respective symbols [3] Leadership Commentary - Rita Adiani, President and CEO, emphasized that securing NYSE American pre-clearance is a significant milestone for Titan's growth and aims to expand its U.S. investor base [4] Company Overview - Titan Mining Corporation is a producer of zinc concentrate at its 100%-owned Empire State Mine in New York and is emerging as a natural flake graphite producer [4] - 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 [4]
Titan Mining Announces Commissioning Readiness of U.S. Graphite Facility With Support From Federal and State Leaders
Globenewswire· 2025-09-16 10:00
Core Insights - Titan Mining Corporation is advancing towards establishing the first integrated graphite supply chain in the U.S. in over 70 years, with a focus on products for the battery, defense, and industrial sectors [1][4][5] - The commissioning of the graphite demonstration facility at Empire State Mines is a significant milestone for U.S. graphite independence and regional economic development [1][2][4] Company Developments - The facility will validate downstream processing of natural flake graphite from the Kilbourne Graphite Project and is expected to complete commissioning by Q4 2025, with customer qualification starting in Q1 2026 [3][5] - Titan Mining is leveraging existing infrastructure at Empire State Mines to advance the project in a capital-efficient manner while creating high-quality jobs in New York's North Country [4][5] Strategic Importance - The project establishes a U.S. pathway for natural flake graphite products that are essential for defense, aerospace, industrial, and energy markets [5] - The facility's development is seen as a critical step in reducing dependence on foreign graphite supply, thereby enhancing national security [4][5]
Titan Announces Results of its Annual Shareholders' Meeting
GlobeNewswire News Room· 2025-08-20 21:14
Group 1 - Titan Mining Corporation held its annual meeting of shareholders on August 20, 2025, where all matters presented for approval were approved [1] - The election results for the Board of Directors showed that John Boehner and Donald R. Taylor received 99.99% of votes in favor, while Lenard Boggio and George Pataki received 92.07% [1] - The company reported that Richard Warke received 97.66% of votes in favor, with a total of 83,459,159 votes [1] Group 2 - Titan Mining Corporation is a subsidiary of Augusta Group, producing zinc concentrate at its 100%-owned Empire State Mine in New York [2] - The company is also emerging as a natural flake graphite producer, aiming to be the first end-to-end producer of natural flake graphite in the USA in 70 years [2] - Titan's commitment is focused on developing critical minerals assets to enhance the security of the domestic supply chain and deliver shareholder value through operational excellence [2]
Titan Announces Results of its Annual Shareholders’ Meeting
Globenewswire· 2025-08-20 21:14
Group 1 - Titan Mining Corporation held its annual meeting of shareholders on August 20, 2025, where all matters presented for approval were approved [1] - The election results for Titan's Board of Directors showed high approval rates for nominees, with John Boehner and Donald R. Taylor receiving 99.99% approval [2] - Other nominees such as Lenard Boggio and William Mulrow received 92.07% and 89.74% approval respectively, indicating strong support for the board [2] Group 2 - Titan Mining Corporation is a subsidiary of the Augusta Group, producing zinc concentrate at its 100%-owned Empire State Mine in New York [3] - The company is also emerging as a natural flake graphite producer, aiming to be the first end-to-end producer of natural flake graphite in the USA in 70 years [3] - Titan's strategic focus is on delivering shareholder value through operational excellence and the development of critical minerals assets to enhance domestic supply chain security [3]
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].