Titan Mining Appoints Ashley Kates as Interim CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
Titan Mining is pleased to announce the appointment of Ashley Kates as interim CFO of the company, effective May 22, following Kevin Hart's decision to resign for personal reasons. Kates is a seasoned mining finance professional with more than 15 years of experience across public company reporting, financial management and operational finance within the mining sector. Her experience includes senior finance roles at Ernst & Young, as well as corporate controller and Vice President, Finance positions at Atlantic Gold Corporation and Pure Gold Mining.
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Analyst Views on TII
Wall Street analysts forecast TII stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.180
Low
6.00
Averages
6.00
High
6.00
Current: 2.180
Low
6.00
Averages
6.00
High
6.00
About TII
Titan Mining Corporation is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company produces zinc concentrate at its 100%-owned Empire State Mine (ESM) located in New York state. ESM is located approximately 1.3 miles southwest of Fowler, New York State, in St. Lawrence County. It controls more than 120,000 acres of mineral rights, of which approximately 2,700 acres have both fee simple surface and mineral rights. ESM consists of a group of high-grade mines, including ESM #1, #2 and #3, #4, Hyatt, Pierrepont and Edwards mines. The targets for exploration drilling are broken into three categories, such as near mine, within the Balmat (ESM #1¬-#4)-Pierrepont trend, and within the greater district. The Company’s 100% owned Kilbourne Graphite Project is located within the active use permit of the Company’s ESM #4 mine. The Company also maintains its unpatented mining claims in New Mexico, United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Titan Mining Appoints New CFO Richard Pozzebon
- New CFO Appointment: Titan Mining Corporation has appointed Richard Pozzebon as the new CFO effective July 6, 2026, bringing over 23 years of finance and capital markets experience, with more than 15 years specifically in the public resource sector, which is expected to enhance the company's financial management capabilities.
- Transition Management: The company expressed gratitude to Ashley Kates for her service as interim CFO during the transition period, as she will continue to support Pozzebon to ensure a seamless leadership handover, thereby minimizing the impact of management changes on company operations.
- Industry Background: Pozzebon most recently served as Executive Vice President and CFO of Interfor Corporation, one of North America's largest lumber manufacturers, and his extensive industry experience is anticipated to aid Titan Mining's further development in the resource sector.
- Financial Growth Potential: Titan Mining reported a 22% revenue growth in Q1 2026, and with the new CFO's addition, the company is poised to expand its operations in critical minerals, particularly in graphite production, enhancing its competitive position in the market.
See More
Titan Mining Appoints New Executives Amid Leadership Change
- Executive Appointments: Titan Mining Corporation announced on May 22, 2026, the appointment of Matthew Melnyk as Vice President of Geology and Exploration and Ashley Kates as Interim Chief Financial Officer following Kevin Hart's resignation, indicating ongoing leadership optimization within the company.
- Experienced Team: Melnyk brings over 25 years of mineral exploration experience, having played key roles in major discoveries like the Navidad silver deposit in Argentina and the Fruta del Norte gold deposit in Ecuador, which is expected to enhance Titan's technical capabilities and market competitiveness.
- Financial Management Expertise: Kates has over 15 years of experience in mining finance, previously holding senior roles at Ernst & Young, and her extensive background is anticipated to improve Titan's financial transparency and operational efficiency, thereby boosting investor confidence.
- Strategic Goals: Titan aims to enhance shareholder value through operational excellence, development, and exploration, and the new executive team will drive the strategic implementation of critical mineral asset development to strengthen the security of the domestic supply chain.
See More
Titan Mining Reports 22% Revenue Growth in Q1
- Significant Revenue Growth: Titan Mining reported Q1 revenue of $19.6 million, reflecting a 22.3% year-over-year increase, exceeding market expectations by $1.04 million, indicating strong performance in the critical minerals sector.
- Earnings Per Share Loss: Despite revenue growth, the GAAP EPS was -$0.14, highlighting ongoing challenges in profitability that may affect investor confidence moving forward.
- Strong Cash Position: At the end of the quarter, Titan Mining had a cash balance of $13.8 million, up 13% from Q1 2025, demonstrating continued strength in financial management and liquidity.
- Strategic Expansion: The company's expansion in the U.S. critical minerals platform, particularly with increased graphite production, suggests potential growth opportunities for Titan Mining in future market competition.
See More
Titan Mining Partners with Teck to Evaluate Germanium Recovery
- Germanium Recovery Potential: Titan's cooperation agreement with Teck aims to evaluate the recovery of approximately 13,000 kg of germanium from existing processing streams at Empire State Mines, representing a significant new revenue opportunity while supporting domestic supply for defense and semiconductor materials.
- Cash Flow Outlook: Initial assessments indicate strong economics, creating potential for Titan to generate additional cash flow from materials already being processed without requiring further mining activities, thereby optimizing resource utilization.
- Capital Efficiency Strategy: By leveraging existing mining and processing infrastructure, Titan can implement a capital-efficient germanium recovery strategy without expanding its mining footprint, thus reducing operational risks.
- Strategic Partnership: Collaborating with Teck, which has an established platform for germanium recovery in North America, further enhances Titan's position in the critical minerals supply chain, aligning with U.S. strategic needs for essential minerals.
See More
Titan Mining Reports Zinc Production and Revenue Growth
- Stable Zinc Production: Titan Mining reported zinc production of 14.2 million payable pounds, aligning with the mine plan, demonstrating the company's stability and predictability in resource management.
- Significant Revenue Growth: The company achieved revenues of $19.6 million in Q1, a 22% increase year-over-year, reflecting strong market demand and effective sales strategies.
- Effective Cost Control: C1 cash costs were $0.98 per pound, within guidance, while all-in sustaining costs (AISC) were $1.01 per pound, below guidance, showcasing the company's success in cost management.
- Optimistic Future Outlook: Adjusted EBITDA stood at $3.9 million, with a forecasted annual EBITDA between $20 million and $28 million, indicating the company's ongoing potential for profitability growth.
See More
Titan Mining Reports Strong Q1 2026 Financial Performance
- Strong Financial Performance: Titan Mining achieved revenues of $19.6 million in Q1 2026, a 22% increase year-over-year, with zinc production reaching 14.2 million pounds, aligning with the mine plan and demonstrating the company's stability and growth potential in the market.
- Positive Cash Flow Growth: The company generated $3.9 million in Adjusted EBITDA during the first quarter, with a forecasted annual EBITDA between $20 million and $28 million, reflecting improved operational efficiency and profitability.
- Graphite Project Advancement: The Kilbourne Graphite Project commenced commercial-scale production, with initial graphite concentrate shipments in Q1 supporting customer qualification, marking a significant step in the company's vertical integration strategy in the U.S. graphite market.
- Germanium Recovery Potential: The identification of germanium within existing process streams at Empire State Mines suggests potential for additional cash flow opportunities, further enhancing Titan's position in the critical minerals supply chain.
See More
Titan Mining Appoints New CFO Richard Pozzebon
- New CFO Appointment: Titan Mining Corporation has appointed Richard Pozzebon as the new CFO effective July 6, 2026, bringing over 23 years of finance and capital markets experience, with more than 15 years specifically in the public resource sector, which is expected to enhance the company's financial management capabilities.
- Transition Management: The company expressed gratitude to Ashley Kates for her service as interim CFO during the transition period, as she will continue to support Pozzebon to ensure a seamless leadership handover, thereby minimizing the impact of management changes on company operations.
- Industry Background: Pozzebon most recently served as Executive Vice President and CFO of Interfor Corporation, one of North America's largest lumber manufacturers, and his extensive industry experience is anticipated to aid Titan Mining's further development in the resource sector.
- Financial Growth Potential: Titan Mining reported a 22% revenue growth in Q1 2026, and with the new CFO's addition, the company is poised to expand its operations in critical minerals, particularly in graphite production, enhancing its competitive position in the market.
See More
Titan Mining Appoints New Executives Amid Leadership Change
- Executive Appointments: Titan Mining Corporation announced on May 22, 2026, the appointment of Matthew Melnyk as Vice President of Geology and Exploration and Ashley Kates as Interim Chief Financial Officer following Kevin Hart's resignation, indicating ongoing leadership optimization within the company.
- Experienced Team: Melnyk brings over 25 years of mineral exploration experience, having played key roles in major discoveries like the Navidad silver deposit in Argentina and the Fruta del Norte gold deposit in Ecuador, which is expected to enhance Titan's technical capabilities and market competitiveness.
- Financial Management Expertise: Kates has over 15 years of experience in mining finance, previously holding senior roles at Ernst & Young, and her extensive background is anticipated to improve Titan's financial transparency and operational efficiency, thereby boosting investor confidence.
- Strategic Goals: Titan aims to enhance shareholder value through operational excellence, development, and exploration, and the new executive team will drive the strategic implementation of critical mineral asset development to strengthen the security of the domestic supply chain.
See More
Titan Mining Reports 22% Revenue Growth in Q1
- Significant Revenue Growth: Titan Mining reported Q1 revenue of $19.6 million, reflecting a 22.3% year-over-year increase, exceeding market expectations by $1.04 million, indicating strong performance in the critical minerals sector.
- Earnings Per Share Loss: Despite revenue growth, the GAAP EPS was -$0.14, highlighting ongoing challenges in profitability that may affect investor confidence moving forward.
- Strong Cash Position: At the end of the quarter, Titan Mining had a cash balance of $13.8 million, up 13% from Q1 2025, demonstrating continued strength in financial management and liquidity.
- Strategic Expansion: The company's expansion in the U.S. critical minerals platform, particularly with increased graphite production, suggests potential growth opportunities for Titan Mining in future market competition.
See More
Titan Mining Partners with Teck to Evaluate Germanium Recovery
- Germanium Recovery Potential: Titan's cooperation agreement with Teck aims to evaluate the recovery of approximately 13,000 kg of germanium from existing processing streams at Empire State Mines, representing a significant new revenue opportunity while supporting domestic supply for defense and semiconductor materials.
- Cash Flow Outlook: Initial assessments indicate strong economics, creating potential for Titan to generate additional cash flow from materials already being processed without requiring further mining activities, thereby optimizing resource utilization.
- Capital Efficiency Strategy: By leveraging existing mining and processing infrastructure, Titan can implement a capital-efficient germanium recovery strategy without expanding its mining footprint, thus reducing operational risks.
- Strategic Partnership: Collaborating with Teck, which has an established platform for germanium recovery in North America, further enhances Titan's position in the critical minerals supply chain, aligning with U.S. strategic needs for essential minerals.
See More
Titan Mining Reports Zinc Production and Revenue Growth
- Stable Zinc Production: Titan Mining reported zinc production of 14.2 million payable pounds, aligning with the mine plan, demonstrating the company's stability and predictability in resource management.
- Significant Revenue Growth: The company achieved revenues of $19.6 million in Q1, a 22% increase year-over-year, reflecting strong market demand and effective sales strategies.
- Effective Cost Control: C1 cash costs were $0.98 per pound, within guidance, while all-in sustaining costs (AISC) were $1.01 per pound, below guidance, showcasing the company's success in cost management.
- Optimistic Future Outlook: Adjusted EBITDA stood at $3.9 million, with a forecasted annual EBITDA between $20 million and $28 million, indicating the company's ongoing potential for profitability growth.
See More
Titan Mining Reports Strong Q1 2026 Financial Performance
- Strong Financial Performance: Titan Mining achieved revenues of $19.6 million in Q1 2026, a 22% increase year-over-year, with zinc production reaching 14.2 million pounds, aligning with the mine plan and demonstrating the company's stability and growth potential in the market.
- Positive Cash Flow Growth: The company generated $3.9 million in Adjusted EBITDA during the first quarter, with a forecasted annual EBITDA between $20 million and $28 million, reflecting improved operational efficiency and profitability.
- Graphite Project Advancement: The Kilbourne Graphite Project commenced commercial-scale production, with initial graphite concentrate shipments in Q1 supporting customer qualification, marking a significant step in the company's vertical integration strategy in the U.S. graphite market.
- Germanium Recovery Potential: The identification of germanium within existing process streams at Empire State Mines suggests potential for additional cash flow opportunities, further enhancing Titan's position in the critical minerals supply chain.
See More
