Titan Mining Corporation (TSX: TI) (OTCQB: TIMCF⁽¹⁾), an existing zinc concentrate producer in upstate New York and an emerging natural flake graphite producer, a key component in the broader rare earths and critical minerals ecosystem, today announced strong financial and operational results for the three months ended September 30, 2025.

HIGHLIGHTS⁽²⁾:

Operating and Financial Performance:

• Zinc production: 14.6 million payable pounds for the quarter, representing an increase of over 76% from Q3 2024; 45.5 million lbs year to date
• Revenues: $16.8 million, up 102% from Q3 2024
• Cash Costs: C1 cash costs of $1.01/lb, (-23% YoY), AISC of $1.13/lb (-16% YoY)
• Operating cash flow: $5.0 million in Q3, $7.1 million year-to-date
• Safety: Continued strong safety performance with zero lost time injuries
• Exploration: Completed 35 drill holes totaling 12,803 feet across underground and surface programs

Strategic and Corporate Developments:

• US EXIM Financing Milestone: Secured $15.8 million US EXIM Bank credit facility under the Make More in America program, the agency’s first direct mining investment supporting ESM’s expansion and critical minerals development
• Graphite Project Momentum:
  • Independent testing, demonstrating Kilbourne graphite meets specifications for battery-grade (99.99% purity spherical graphite), industrial, and defense applications
  • Received Letter of Interest from US EXIM Bank for up to $120 million for the construction of 40,000 tonne-per-year commercial graphite facility at Kilbourne
  • Graphite demonstration facility commissioning initiated; on track for Q4 2025 completion and customer qualification in Q1 2026
• Germanium Opportunity: Identified significant concentrations of Germanium at the Empire State Mine within the existing zinc-processing circuit, with initial plant-feed at 21 g/t enriched to 77 g/t pre-float
• Capital Markets: Obtained NYSE American pre-clearance in October 2025, a key step in expanding U.S investor access

⁽¹⁾ OTCQB symbol temporarily changed to “TIMCD” due to consolidation per FINRA rules; expected to revert to “TIMCF” after 20 business days unless NYSE American listing becomes effective first.
⁽²⁾ Unless noted otherwise, all monetary figures are expressed in U.S. dollars.

Rita Adiani, President and Chief Executive Officer, commented: “This quarter marks a major inflection point for Titan. We’re delivering zinc production while advancing our transition into other critical minerals. Our graphite has been independently validated for high-spec battery, industrial, and defense markets, and commissioning is now underway at our demonstration facility, the first end-to-end natural graphite production in the U.S. in over 70 years. The US EXIM Letter of Interest for up to $120 million, a substantial portion of the expected initial construction capital, provides a clear, capital-efficient path to commercial production, aligning Titan with U.S. supply-chain and defense-industrial priorities. With NYSE pre-clearance now in hand, we’re well positioned to broaden our shareholder base and capture the next phase of growth.”

TABLE ¹ Financial and Operating Highlights

⁽¹⁾C1 Cash Cost, All-In Sustaining Cost and Net Debt are non-GAAP measures. Accordingly, these financial measures are not standardized financial measures under IFRS and might not be comparable to similar financial measures disclosed by other issuers. These financial measures have been calculated on a basis consistent with historical periods. Information explaining these non-GAAP measures is provided below under “Non-GAAP Performance Measures”.

ZINC OPERATIONS REVIEW
Mining during the quarter continued in the Mahler, New Fold, and Mud Pond zones at the #4 mine. A haul truck incident and subsequent mechanical downtimes on two others temporarily reduced haulage availability in the N2D zone; however, operations were quickly stabilized. A new 40-ton underground haul truck was delivered and commissioned early in Q4, with a second unit expected in late November, enabling production from N2D to resume in Q1 2026. Extraction of high-grade pillars in Lower Mahler and longhole stoping in New Fold delivered above-target grades in September of 8.3%, offsetting lower grades earlier in the quarter. Mining will continue in these key high grade zones through Q4 2025 as haulage capacity constraints are addressed.

GRAPHITE UPDATE
Construction of the Kilbourne graphite demonstration plant continued through the quarter, with commissioning activities initiated and first concentrate expected in Q4 2025. The facility, which will process Kilbourne ore to produce flake graphite concentrate for downstream qualification, will be the first to produce natural flake graphite end-to-end in the U.S. in over 70 years. The demonstration pit was fully permitted in Q2, and mining began in Q3 with 15,000 tons of ore broken, 8,000 tons hauled to stockpile, and 500 tons crushed for initial plant feed.

EXPLORATION UPDATE
A total of 12,803 ft of exploration drilling was completed comprising of underground exploration drilling and surface drilling at Pork Creek. The drill rig has been mobilized to the Parish prospect for Q4 drilling. At Kilbourne, step out drilling has been initiated to test the outer conceptual pit limits.

Scientific and Technical Information (Zinc)
The scientific and technical information contained in this news release related to the Company’s zinc operations has been reviewed and approved by Donald R. Taylor, MSc., PG, Vice Chair of the Board of Directors of the Company. Mr. Taylor is a qualified person for the purposes of NI 43-101. Mr. Taylor has more than 25 years of mineral exploration and mining experience and is a Registered Professional Geologist through the SME (Registered Member #4029597).

Mr. Taylor has a fulsome staff of experts on-site that thoroughly review and verify ESM technical zinc data on a regular basis. Refer to the Company’s technical report dated titled “Empire State Mines 2024 NI 43-101 Technical Report Update” with an effective date of December 3, 2024, for additional information on data verification procedures. For this reason, Mr. Taylor has relied entirely on such verification procedures for verifying the scientific and technical zinc data in this news release.

Scientific and Technical Information (Graphite and Germanium)
Refer to the Company’s news release titled, “Titan Mining Graphite Testwork Demonstrates Product Meets Battery, Industrial and Defense Specifications” dated August 28, 2025, for additional information regarding the Company’s graphite testwork.

Refer to the Company’s news release titled, “Titan Mining Finds Significant Concentrations of Germanium at its Empire State Mine in New York” dated October 25, 2025, for additional information regarding the Company’s germanium discovery.

Non-GAAP Performance Measures
This document includes non-GAAP performance measures, discussed below, that do not have a standardized meaning prescribed by IFRS. The performance measures may not be comparable to similar measures reported by other issuers. The Company believes that these performance measures are commonly used by certain investors, in conjunction with conventional GAAP measures, to enhance their understanding of the Company’s performance. The Company uses these performance measures extensively in internal decision-making processes, including to assess how well the Empire State Mine is performing and to assist in the assessment of the overall efficiency and effectiveness of the mine site management team. The tables below provide a reconciliation of these non-GAAP measures to the most directly comparable IFRS measures as contained within the Company’s issued financial statements.

C1 Cash Cost Per Payable Pound Sold
C1 cash cost is a non-GAAP measure. C1 cash cost represents the cash cost incurred at each processing stage, from mining through to recoverable metal delivered to customers, including mine site operating and general and administrative costs, freight, treatment and refining charges.

The C1 cash cost per payable pound sold is calculated by dividing the total C1 cash costs by payable pounds of metal sold.

All-in Sustaining Costs
AISC measures the estimated cash costs to produce a pound of payable zinc plus the estimated capital sustaining costs to maintain the mine and mill. This measure includes the C1 cash cost and capital sustaining costs divided by pounds of payable zinc sold. AISC does not include depreciation, depletion, amortization, reclamation and exploration expenses.

Net Debt
Net debt is calculated as the sum of the current and non-current portions of long-term debt, net of the cash and cash equivalent balance as at the balance sheet date. A reconciliation of net debt is provided below.

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 an emerging natural flake graphite producer and targeting to be 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. For more information on the Company, please visit our website at www.titanminingcorp.com

Media & Investor Contact

Irina Kuznetsova
Director, Investor Relations
Phone: (778) 870-7735
Email: info@titanminingcorp.com