TII News & Events

Titan Mining commenced graphite concentrate production at its Kilbourne demonstration facility. Titan has successfully produced natural flake graphite concentrate, now transitioning to the production of material for customer and government qualification programs, marking the first step in re-establishing a domestic natural graphite supply chain in the United States for the first time in more than seven decades. Titan is also advancing financing discussions with the U.S. Export-Import Bank with respect to the previously announced letter of interest for the $120M loan facility, which would provide long-term, non-dilutive capital funding for the majority of the Kilbourne project's development, and expects to have an update in the near term. The company is also engaged with other federal agencies regarding complementary, accretive funding solutions. This production coincides with the issuance of a new Executive Order by the White House directing the application of Section 232 authorities to processed critical minerals and their derivative products, including natural graphite, in response to persistent U.S. import dependence and downstream supply-chain vulnerabilities. The graphite demonstration facility, located within Titan's existing Empire State Mine infrastructure, is designed to produce approximately 1,200 tons per year of graphite concentrate, providing a critical bridge to commercial scale. This milestone materially advances the Kilbourne Graphite Project toward its targeted 40,000-ton-per-year production profile, which could supply a substantial portion of current U.S. natural graphite demand.

Titan Mining has made the final scheduled payment of $5.2M to extinguish its credit facility with National Bank of Canada. This reduction of short-term debt and the previously announced $15M equity financing has materially strengthened the Company's balance sheet. As a result of this repayment and the completed equity financing, Titan has reduced its net debt by approximately 60% from $25.1M as at September 30, 2025 to approximately $9.5M as at December 31, 2025. Following the repayment, the Company's remaining debt is primarily held by long-term strategic stakeholders.

Titan Mining announced a $15M investment from a leading institutional equity investor, strengthening the Company's balance sheet and accelerating development of its Kilbourne Graphite Project in New York State. The investment, together with the previously announced $5.5M U.S. EXIM Bank support, positions Titan to fast-track completion of the Kilbourne Graphite Feasibility Study in 2026 and advance the project toward construction. The investment will be completed through a private placement of 6,666,666 special warrants at a price equal to US$2.25/C$3.10 per Special Warrant. Each Special Warrant will entitle the holder, for no additional consideration and upon the satisfaction of certain conditions, to receive one common share of the Company and one common share purchase warrant. Maxim Group is acting as the exclusive placement agent in connection with the Offering.