Titan Mining shares rise 10.22% intraday as graphite processing begins at Empire State Mines, securing U.S. supply chain and EXIM-backed expansion.

Titan Mining surged 10.22% intraday following the commencement of ore processing at its Kilbourne graphite demonstration facility in New York, marking the first U.S. natural flake graphite production in over 70 years. The company, now the nation’s sole end-to-end producer of battery-grade graphite, highlighted the project’s potential to supply nearly half of current U.S. demand and address supply-chain vulnerabilities amid global export restrictions. Support from the Export-Import Bank of the U.S., including $5.5 million in non-dilutive funding and a $120 million financing意向, underscored the strategic importance of the initiative. The demonstration plant’s start-up operations, aimed at enabling commercial scale-up to 40,000 tonnes annually, aligned with Titan’s broader goals to strengthen domestic critical minerals independence and enhance shareholder value through operational expansion. These developments, emphasizing technological progress and financial backing, directly drove investor enthusiasm and the sharp intraday price increase.