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Titan Mining Receives Financing Interest of up to US$120 Million from U.S. EXIM Bank for Kilbourne Graphite Project

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Titan Mining Receives Financing Interest of up to US$120 Million from U.S. EXIM Bank for Kilbourne Graphite Project

 

 

 

 

 

Titan Mining Corporation (TSX:TI) (OTCQB: TIMCF), an existing zinc concentrate producer in upstate New York and an emerging natural flake graphite producer, is pleased to announce that the Export-Import Bank of the United States has expressed financing interest of up to US$120 million under its “Make More in America” initiative for the construction of Titan’s wholly owned Kilbourne Graphite Project in St. Lawrence County, New York.

 

In parallel with EXIM’s MMIA process, Titan continues to collaborate with the Administration and other U.S. Government Agencies such as the Department of War and the Department of Energy on opportunities for coordinated participation in Titan’s critical-minerals plan through strategic funding, inclusion as a key stakeholder and policy programs incentivizing domestic production and secure resilient supply chains.

 

A finalized commitment package of this amount from EXIM would potentially represent a substantial portion of the capital required to construct the Kilbourne Project, providing a clear path to development that leverages federal partnership support and Titan’s strong operating cash flow from its Empire State Mines zinc operations. The Company expects the overall financing structure to be highly capital-efficient for shareholders.

 

EXIM issued a Letter of Interest recognizing the Kilbourne Project as a strategic U.S. critical-minerals asset aligned with national priorities that will create high-quality American jobs and strengthen U.S. supply chain resilience. The potential financing would support construction of Titan’s planned 40,000-tonne-per-year commercial natural flake graphite facility adjacent to its operating Empire State Mines zinc complex.

 

Under the indicative terms, EXIM would consider recommending a direct loan of up to US$120 million with a repayment tenor of approximately 12 years, including an interest-only period. The loan would reference the Commercial Interest Reference Rate (CIRR), currently around 5.0%, and would be subject to EXIM’s standard due diligence, environmental, and policy review processes prior to final Board approval.

 

Rita Adiani, President & CEO of Titan Mining, commented:

We are proud to expand our partnership with EXIM as we advance the Kilbourne Graphite Project—an asset that will create high-quality U.S. jobs, strengthen critical-mineral supply chains, and position Titan as the leading fully integrated natural flake graphite producer in the United States. This Letter of Interest marks a major milestone toward securing long-term, competitive-rate financing for project development as we continue to prioritize capital efficiency and disciplined balance sheet management supporting any construction decision at the Kilbourne Project.”

 

EXIM’s MMIA initiative supports domestic manufacturing and critical-infrastructure investments that enhance U.S. competitiveness, job creation, and export potential. Titan previously received EXIM support for expansion of its Empire State Mines zinc operations, underscoring the Company’s track record in successfully partnering with federal agencies to deliver strategic projects in New York State.

 

The EXIM Letter of Interest (issued prior to the government shutdown)1 is non-binding and does not represent a financing commitment. Titan will continue to work closely with EXIM’s MMIA team to advance due diligence and structure a definitive financing package for the Kilbourne Project in the months ahead.

 

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.

Posted October 7, 2025

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