Titan Mining Achieves New 52 Week Highs Following US$15.8 Million Financing Approval from Export-Import Bank

Titan Mining Corporation has reached a 52-week high after the Export-Import Bank of the United States approved a US$15.8 million financing for its Empire State Mine. The mine, located in New York, produces zinc concentrate and is comprised of several high-grade mines. The approval enables Titan Mining to continue its operations and expansion plans.

VANCOUVER, British Columbia, June 19, 2025 (GLOBE NEWSWIRE) — Titan Mining Corporation (TSX: TI; OTCQB: TIMCF) saw its stock price reach a 52-week high following the Export-Import Bank of the United States (EXIM) approval of a US$15.8 million financing for its wholly owned subsidiary, Empire State Mines LLC (ESM). The financing, under the Make More in America Initiative (MMIA), will support the expansion of zinc production and the development of critical minerals at ESM in St. Lawrence County, New York.

This approval marks EXIM’s first direct mining transaction under MMIA, signaling federal recognition of Titan's role in restoring domestic mineral production. The funds will be used for capital equipment and infrastructure upgrades to support existing and future operations at ESM. The long-term, fixed-rate financing (7-year tenor, 2-year interest-only grace period) will enable ESM to focus on zinc expansion while building out its graphite facility.

The financing is part of a strategic partnership that aims to develop the first integrated natural flake graphite operations in the United States since 1956. The cash-generative zinc operations at ESM are expected to help de-leverage existing facilities and reduce the cost of capital, enabling early investment into graphite. Additionally, the project is committed to retaining 135 jobs and creating 10 new positions.

Don Taylor, CEO of Titan, commented, "This financing marks a major step forward for Titan and the Empire State Mine. It enables us to further expand zinc production, accelerate our graphite development, and importantly, retain 135+ high-quality jobs in upstate New York while creating new skilled positions as we grow. EXIM’s support reflects the strategic importance of our assets and validates our long-term vision."

Rita Adiani, President of Titan, added, "This is a foundational milestone—not just for Titan, but for U.S. mineral policy. With this EXIM facility, we’re building a secure, transparent supply of critical minerals and investing in energy and defense supply chains. We’re proud to be EXIM’s first mining partner under Make More in America."

The approval underscores EXIM's commitment to strengthening U.S. supply chains, competing with the People's Republic of China, and supporting good-paying American jobs. The financing highlights the importance of Titan's assets in the broader context of U.S. mineral policy and the strategic significance of domestic mining operations.

References:
[1] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2342-tsx/ti/182318-the-export-import-bank-of-the-united-states-approves-us-15-8-million-financing-for-esm-to-advance-zinc-and-critical-minerals-production-in-new-york.html
[2] https://www.nasdaq.com/press-release/export-import-bank-united-states-approves-us-158-million-financing-esm-advance-zinc