TII News & Events

Titan Mining announced the commencement of shipping of graphite concentrate from its demonstration facility and formal launch of its fully-funded Feasibility Study, or FS, for its planned 40,000 tonne per annum Kilbourne Graphite Project in New York. The graphite demonstration plant at ESM has produced ~1,600 kgs of graphite concentrate and continues to ramp up to its nameplate capacity. Customer qualification shipments are underway. Titan is the only end to end producer of natural flake graphite in the United States and is actively working to end 100% import reliance of this critical material for energy, defense, and industrial uses. Highlights include: Feasibility Study launched for planned scale up to 40,000 tpa integrated mining and processing operation in New York state; Multidisciplinary engineering team appointed to advance the project toward commercial development; Study co-funded by the Export-Import Bank of the U.S. to support the compilation of technical information to progress project financing; Construction decision targeted for later this year / early 2027; and Project designed to supply ~50% of U.S. natural graphite demand. Titan is targeting a construction decision in late 2026 or early 2027, with construction activities anticipated to commence in 2027, subject to study results, permitting progress, and financing.

Production guidance for 2026 is estimated to be between 73M-78M zinc recoverable pounds or 62M-66M zinc payable pounds. C1 Cash Cost for 2026 is estimated between $0.93 and $1.01 per payable pound, and AISC for 2026 is estimated between $1.07 and $1.17 per payable pound. Sustaining capital is expected at $8.5M-$8.9M; Exploration capital $3.5M-$3.9M.

Titan Mining Corporation has filed a base shelf prospectus in Canada dated January 27 and a registration statement on Form F-10 in the United States with the U.S. Securities and Exchange Commission under the U.S./Canada Multijurisdictional Disclosure System, providing the Company the flexibility to be able to raise up to $150M, from time to time, over a 25-month period, should it choose to do so. The filing does not mean that Titan is issuing shares today. Rather, it establishes a flexible financing framework that allows the Company to access capital efficiently in the future to support growth initiatives, advance its U.S. graphite strategy and strengthen its balance sheet as market conditions warrant. As part of this framework, the Company has also established an "at-the-market" equity program under its Canadian Base Prospectus and Registration Statement that allows the Company to issue and sell, from time to time through sales agents, at prevailing market prices for up to $50M of its common shares from treasury to the public, at the Company's discretion. Any use of the ATM program would be entirely at Titan's discretion, with timing and volume determined based on market conditions, funding needs, and shareholder considerations. If utilized, proceeds from the ATM program would be used for working capital, growth initiatives, and general corporate purposes.