Initiative targets potential substantial cash flow from previously unprocessed materials with no additional mining required

Titan Mining Corporation, an existing zinc concentrate producer in upstate New York and the only U.S. end-to-end producer of natural flake graphite, today announced that it has entered into a cooperation agreement with Teck Resources Limited to evaluate the recovery of germanium (“Ge”) from existing processing streams at its Empire State Mines, representing a potentially new significant revenue opportunity and supporting domestic supply of materials essential for defense, semi-conductors and chip manufacturing. Teck’s Trail Operations is the only commercial-scale facility in North America recovering germanium from primary sources.

HIGHLIGHTS

• Unlocking value from waste streams: The Cooperation Agreeme nt contemplates evaluation of the potential for approximately ~13,000 kg/year¹ of contained germanium within existing ESM process streams

• Substantial cash flow potential: Initial review indicates strong economics, creating the opportunity to generate potential additional cash flow from material already being processed

• No additional mining required: Germanium is hosted in material currently reporting to waste streams, offering a pathway to recovery from existing operations

• Capital-efficient strategy: Leverages existing mining and processing infrastructure without expanding mining footprint

• Strategic partnership with established processor: Collaboration with Teck, which has an established North American germanium recovery platform at Trail

• Aligned with U.S. critical minerals strategy: Supports domestic supply of germanium, a material essential to defense, semiconductors, and communications applications

STRATEGIC OVERVIEW

Germanium is a critical mineral used in:

• Defense applications, including infrared optics

• Semiconductor and chip manufacturing

• Fiber optic and communications infrastructure

The United States currently has limited domestic supply and processing capacity, increasing the importance of new, secure sources.

At ESM, germanium occurs within material not associated with the primary zinc sulfide mineralization. As a result, it currently reports to processing waste streams rather than being recovered.

These waste streams, particularly the large-volume scavenger tails circuit, represent a potentially meaningful and currently unmonetized source of contained germanium.¹

This initiative is designed to evaluate a capital-efficient pathway to unlock a critical mineral from material that is already mined and processed, without requiring additional mining activity.

Rita Adiani, CEO of Titan Mining, commented:

“This is a clear example of our focus on extracting maximum value from our existing operations.

“Germanium at Empire State Mines sits in material that is currently treated as waste. By working with a credible processing partner that operates an established large-scale metallurgical facility, we have the potential to generate incremental cash flow without additional mining.

“With strong pricing in U.S. warehous es ranging from $5800-8600/kg² and limited domestic supply, this initiative positions Titan to potentially become a meaningful supply chain partner for domestically sourced germanium into U.S. defense and advanced technology supply chains in a capital-efficient and timely manner.

“Working with Teck allows us to evaluate this opportunity alongside a partner with proven recovery capabilities, while supporting the development of a more secure domestic supply of a critical mineral.”

Ian Anderson, Teck Executive Vice President & Chief Commercial Officer, commented: 

“This agreement with Titan underscores Teck’s commitment to strengthening North America’s supply of critical minerals essential to defense, semiconductor production, and advanced chip manufacturing. Teck is one of the world’s largest global producers of germanium, a key supplier o f germanium to the U.S., and this partnership builds on our long-standing leadership in critical-mineral production.”

COOPERATION AGREEMENT SCOPE

Under the agreement, Titan and Teck will:

• Evaluate upgraded ESM process streams as a potential germanium-bearing feedstock for Trail Operations;

• Define minimum feed specifications required by the Trail circuit; and

• Assess commercial parameters, including potential volumes and payability with a view towards entering into long-term offtake arrangements.

The parties will work collaboratively with a view toward transitioning to a commercial agreement, subject to technical and economic results

Qualified Persons

The scientific and technical information contained in this news release related to the Company’s germanium has been reviewed and approved by Oliver Peters, MSc., P.Eng., who is a Qualified Person as defined by NI 43-101. Mr. Peters is independent of the Company. See the Company’s news release titled, “Titan Extends Kilbourne Graphite Mineralization, Advances Germanium and the 2026 Multi-Commodity Exploration Strategy” and dated April 16, 2026, for additional information.

About Titan Mining Corporation

Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York state. Titan is also a natural flake graphite producer and the USA’s first end-to-end producer of natural flake graphite in 70 years. Titan’s goal is to deliver shareholder value through operational excellence, development and exploration. We have a strong commitment towards developing critical minerals assets which enhance the security of the domestic supply chain.

About Teck

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada,