The Prospector News

The Export-Import Bank of the United States approves US$15.8 Million Financing for ESM to Advance Zinc and Critical Minerals Production in New York

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

The Export-Import Bank of the United States approves US$15.8 Million Financing for ESM to Advance Zinc and Critical Minerals Production in New York

 

 

 

 

 

Titan Mining Corporation (TSX: TI) (OTCQB: TIMCF) is pleased to announce that the Export-Import Bank of the United States has approved a US$15.8 million financing for its wholly owned subsidiary, Empire State Mines LLC to fund critical capital development in support of expanding zinc production and advancing ESM’s critical minerals portfolio in St. Lawrence County, New York.

 

This marks EXIM’s first direct mining transaction under the Make More in America Initiative, a landmark federal initiative aimed at reshoring industrial capacity, securing U.S. supply chains for critical materials and expanding the domestic manufacturing base.

 

Highlights:

  • EXIM’s first mining loan under MMIA, signaling federal recognition of Titan’s role in restoring domestic mineral production
  • First step in a strategic financing partnership as Titan develops the first integrated natural flake graphite operations in the United States since 1956
  • Long-term, fixed-rate financing (7-year tenor, 2-year interest-only grace period) to support zinc expansion, whilst ESM is focused on graphite facility build-out
  • Funds will be used for capital equipment and infrastructure upgrades to support existing and future operations at ESM
  • Cash-generative zinc operations at ESM will help de-leverage existing facilities, reduce cost of capital, while enabling early investment into graphite
  • Job creation and retention commitments: 135 jobs retained, and 10 new positions targeted under EXIM requirements
  • Efficient balance sheet structuring with Titan retaining flexibility for future growth and financings

 

Don Taylor, CEO of Titan commented: “This financing marks a major step forward for Titan and the Empire State Mine. It enables us to further expand zinc production, accelerate our graphite development, and importantly, retain 135+ high-quality jobs in upstate New York while creating new skilled positions as we grow. EXIM’s support reflects the strategic importance of our assets and validates our long-term vision.”

 

Rita Adiani, President of Titan commented: “This is a foundational milestone—not just for Titan, but for U.S. mineral policy. With this EXIM facility, we’re building a secure, transparent supply of critical minerals and investing in energy and defense supply chains. We’re proud to be EXIM’s first mining partner under Make More in America.”

 

“I am proud that the Board approved our eighth Make More in America transaction,” said Acting President and Chairman James Cruse. “This deal underscores EXIM’s commitment to strengthening U.S. supply chains, competing with the People’s Republic of China, and supporting good-paying American jobs.” 

 

About EXIM

 

Established in 2022, the Make More in America initiative (MMIA) directs an all-of-government approach to assessing vulnerabilities in, and strengthening the resilience of, the United States’ critical supply chains. By leveraging its existing financing capabilities, with priority given to small businesses and transformational export areas, including critical minerals, EXIM is working to help level the playing field for American companies competing in overseas markets, especially those with export-oriented domestic manufacturing nexuses.

 

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’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.

 

Posted June 19, 2025

Share this news article

MORE or "UNCATEGORIZED"


Ucore Announces Closing of Brokered Offering for Gross Proceeds of C$15.5 Million

Ucore Rare Metals Inc. (TSX-V: UCU) (OTCQX: UURAF) is pleased to ... READ MORE

June 19, 2025

Kobo Resources Intersects 21.5 m at 1.14 g/t Au and 20.0 m at 1.41 g/t Au at the Jagger Zone and Files FY 2025 Financial Results

All reported holes intersected gold mineralization, reinforcing c... READ MORE

June 19, 2025

Asante Gold Announces C$206 Million Bought Deal Private Placement of Subscription Receipts

Asante Gold Corporation (CSE: ASE) (GSE: ASG) (FRANKFURT: 1A9) (U... READ MORE

June 19, 2025

NexGold Infill Drilling Intersects 1.60 g/t Gold Over 36.80 Metres at the Goldboro Gold Project

NexGold Mining Corp. (TSX-V: NEXG) (OTCQX: NXGCF) is pleased to p... READ MORE

June 19, 2025

Copyright 2025 The Prospector News