Titan Mining Corporation【TII】株式ニュース

Titan Mining Graphite Testwork Demonstrates Product Meets Battery, Industrial and Defense Specifications

August 28, 2025

Independent Testing Confirms High-purity Natural Graphite from Titan’s Kilbourne Project in New York state

Gouverneur, New York, Vancouver, British Columbia – August 28, 2025 – Titan Mining Corporation (TSX: TI; OTCQB: TIMCF) (“Titan” or the “Company”) announced today positive results from independent downstream testing on natural flake graphite from its 100% owned Kilbourne graphite project located in St. Lawrence County, NY demonstrating that Kilbourne graphite can be transformed into multiple high-value product streams, supporting Titan’s strategy to unlock diversified revenue opportunities across multiple industry groups.

Key Results and Commercial Applications:

Battery Materials: Kilbourne graphite was successfully processed into spherical graphite (USPG) with 99.99% purity, high tap density, and favorable particle size distribution, confirming its suitability as anode material for lithium-ion batteries.

Industrial Products: Micronized and purified products achieved >99.9% purity, meeting specifications for refractories, lubricants, automotive, and specialty industrial markets that demand consistent quality and high performance.

Defense and Aerospace: Ultra-high purities and processing flexibility support potential qualification for military-specification (MiL-spec) materials, including applications in thermal management, composites, coatings, and defense-grade energy storage.

Don Taylor, CEO of Titan commented: “This is a key milestone as we advance toward becoming the first fully integrated U.S. producer of natural flake graphite in more than seventy years. These results confirm Kilbourne graphite can be processed into the high-purity products required for critical applications in aerospace, batteries, industrial and defense sectors.”

“By validating spherical, micronized, and purified graphite products, this testwork underscores Titan’s ability to serve multiple markets—from energy storage to defense-grade applications,” said Rita Adiani, President of Titan. “Equally important, Kilbourne strengthens U.S. supply chain security by reducing reliance on foreign graphite. These results enhance our commercial flexibility and reinforce the importance of our demonstration facility, which remains on track for commissioning later this year.”

Demonstration Facility Advancing

Titan is advancing construction of its graphite demonstration facility in St. Lawrence County. Approximately 70% of the equipment has been delivered and installation is underway. Commissioning expected in Q4 2025. The facility will validate the downstream flowsheet at scale and provide bulk product samples for customer qualification in the several sectors including, battery, industrial, and defense sectors.

Next Steps

Titan will continue downstream optimization and initiate electrochemical performance testing of its spherical graphite. Bulk samples produced from the demonstration facility are expected to be available for customer qualification and offtake discussions in late 2025.

Technical Summary Table
Product Type Key Metrics Purity (LOI) Commercial Relevance
Flotation Concentrate Overall grade 95.0% Cg; Medium flake (+150 µm) 96.8% Cg; Mid fraction (-150 +71 µm) 96.4% Cg; Fine (-71 µm) 93.6% Cg 95.0–96.8% Saleable / qualifiable as -100 mesh concentrate; suitable for refractories, foundry, lubricants, friction
Micronized Graphite (PMG D90-45, D90-15) D90 ~47 µm and ~17 µm ; Bulk densities after purification: ~292 g/L D90 ~ 47 µm, ~276 g/L D90 ~ 17 µm; Particle sizes within target specs 99.95–99.97% High-purity micronized products; specialty industrial markets; feedstock for SPG
Spherical Graphite (SPG18) D90 ~ 33 µm; D50 ~18 µm; D10 ~10 µm; ; Tap density 0.96 g/cm³; BET / SSA area 6.5 m²/g; Springback 4% 99.99% Meets anode-grade specifications for lithium-ion batteries
Impurity Removal Zn reduced from ~2,099 ppm (concentrate) to 1.1 ppm (SPG); Fe reduced from ~3,600 ppm to 11 ppm; Si reduced from ~7,000 ppm to 11 ppm >99.9% after purification Enables qualification for MiL-spec defense, aerospace, and advanced composites
Testing Conducted at ProGraphite GmbH in Germany– Kilbourne Graphite

Quality Assurance and Quality Control

All work and chemical analysis was conducted by ProGraphite GmbH in Germany, which is independent of the Company. The laboratory employs quality management systems that are in compliance with ISO 9001 standards, which ensures that the laboratory produces high-quality, accurate, and timely results. Equipment calibration using third-party standards are performed in prescribed intervals to ensure accuracy of the provided results. The QP is not aware of any factors that could materially affect the accuracy or reliability of the data referred to herein.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Mr. Oliver Peters, a Principal Metallurgist and President of Metpro Management Inc., with over 25 years of mineral processing experience. He is a Qualified Person within the meaning of NI 43-101 and is independent of the Company. Mr. Peters is satisfied that the metallurgical testing procedures and associated assay methods used are standard industry operating procedures and methodologies. He has reviewed, approved and verified the technical information disclosed in this news release, including core sampling, analytical and test data underlying the technical information.

About Titan Mining Corporation

Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York state. Titan is also an emerging natural flake graphite producer and targeting to be the USA’s first end to end producer of natural flake graphite in 70 years. Titan’s goal is to deliver shareholder value through operational excellence, development and exploration. We have a strong commitment towards developing critical minerals assets which enhance the security of the domestic supply chain. For more information on the Company, please visit our website at www.titanminingcorp.com

Contact

For further information, please contact: Investor Relations: Email: info@titanminingcorp.com

Cautionary Note Regarding Forward-Looking Information

Certain statements and information contained in this new release constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). These statements appear in a number of places in this news release and include statements regarding our intent, or the beliefs or current expectations of our officers and directors, including that Titan is advancing toward becoming the first fully integrated U.S. producer of natural flake graphite in more than seventy years; that our demonstration facility remains on track for commissioning later this year; the facility will validate the downstream flowsheet at scale and provide bulk product samples for customer qualification in the several sectors including, battery, industrial, and defense sectors; Titan will continue downstream optimization and initiate electrochemical performance testing of its spherical graphite; and that bulk samples produced from the demonstration facility are expected to be available for customer qualification and offtake discussions in late 2025.. When used in this news release words such as “to be”, "will", "planned", "expected", "potential", and similar expressions are intended to identify these forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to vary materially from those anticipated in such forward-looking statements, including risks relating to cost increases for capital and operating costs; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of zinc and graphite; the inherently hazardous nature of mining-related activities; potential effects on our operations of environmental regulations in New York State; risks due to legal proceedings; risks related to operation of mining projects generally and the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators. Such forward-looking statements are based on various assumptions, including assumptions made with regard to our forecasts and expected cash flows; our projected capital and operating costs; our expectations regarding mining and metallurgical recoveries; mine life and production rates; that laws or regulations impacting mining activities will remain consistent; our approved business plans; our mineral resource estimates and results of the PEA; our experience with regulators; political and social support of the mining industry in New York State; our experience and knowledge of the New York State mining industry and our expectations of economic conditions and the price of zinc and graphite; demand for graphite; exploration results; the ability to secure adequate financing (as needed); the Company maintaining its current strategy and objectives; and the Company’s ability to achieve its growth objectives. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Except as required by applicable law, we assume no obligation to update or to publicly announce the results of any change to any forward-looking statement contained herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If we update any one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. You should not place undue importance on forward-looking statements and should not rely upon these statements as of any other date. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

https://titanminingcorp.com/news/news-releases/titan-mining-graphite-testwork-demonstrates-product-meets-battery-industrial-and-defense-specifications

Titan Mining Delivers Strong Q2 Results; On Track to Commission First Integrated U.S. Graphite Facility in 2025

August 12, 2025

Gouverneur, New York and Vancouver, BC – August 12, 2025 – Titan Mining Corporation (TSX: TI; OTCQB: TIMCF) ("Titan" or the "Company") today announced its financial and operating results for the quarter ended June 30, 2025. The Company met quarterly production guidance at its Empire State Mines LLC (“ESM”) and is on track to be the first end to end producer of natural flake graphite in the United States by Q4 2025.

Q2 25 HIGHLIGHTS:(1)

Payable zinc production of 15.5 million pounds, up 7% from Q2 2024
Revenues of $16.3 million, C1 cash costs and AISC of $0.90/lb
Cash flow from operations of $2.4 million
Reduction in net debt by 21% from Q2 2024
Cash balance of $8.1 million at quarter end
EXIM Bank financing secured for $15.8 million, the first direct mining loan under its Make More in America Initiative (2)
Strong safety performance, with an injury frequency rate well below the U.S. national average
Over 40,000 acres of mineral rights added through lease and option to lease agreements with St. Lawrence County in May 2025. This expands the Company’s mineral tenure to over 120,000 acres in upstate New York and increases the discovery opportunities for additional zinc and graphite resources as well as iron-oxide copper gold deposits
Graphite processing facility construction underway at ESM site; over 50% of major equipment delivered
Expected commissioning in Q4 2025, making Titan the first integrated producer of natural flake graphite in the U.S. in over 70 years.

(1) All amounts disclosed in this news release are in U.S. dollars unless otherwise stated.
(2) The EXIM Bank Financing was completed on July 21, 2025, subsequent to end of Q2 2025.

Don Taylor, Chief Executive Officer of Titan, commented, “Our Q2 performance reflects consistent execution at ESM, with strong production, start-up of the N2D zone and continued cost control. Importantly, our graphite project has moved from concept to construction, supported by public and private sector backing. Titan is building the foundation to become a multi-commodity, integrated supplier of critical minerals to the U.S. economy”.

Rita Adiani, President of Titan commented: “Titan is executing a unique dual-commodity strategy. Our zinc operations continue to generate cash flow, while the Kilbourne graphite first phase processing facility is rapidly progressing toward commissioning. With strong government support and tangible progress on-site, we’re positioning Titan as a future-facing, U.S.-based supplier of both industrial and critical minerals”.

TABLE 1 Financial and Operating Highlights
2025
Q2 Q1 YTD
Operating
Payable zinc produced mlbs 15.51 15.37 30.88
Payable zinc sold mlbs 16.04 15.57 31.61
Average Realized Zinc Price $/lb 1.20 1.29 1.24
C1 Cost(1) $/lb 0.90 0.91 0.91
AISC(1) $/lb 0.90 0.96 0.93
Financial
Revenue $m 16.34 16.02 32.36
Net Income (loss) after tax $m 0.54 0.35 0.89
Earnings (loss) per share- basic

Cash Flow from Operating Activities before changes in non-cash working capital $/sh

$m 0.00

2.36 0.00

2.69 0.01

5.05
Financial Position
Cash & Cash Equivalents $m 8.1 12.2 8.1
Net Debt(1) $m 24.2 23.1 24.2

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Note: The sum of the quarters in the table above may not equal the year-to-date amounts disclosed elsewhere due to rounding.

1 C1 Cash Cost, All-In Sustaining Cost (“AISC”) and Net Debt are non-GAAP measures. Accordingly, these financial measures are not standardized financial measures under IFRS and might not be comparable to similar financial measures disclosed by other issuers. These financial measures have been calculated on a basis consistent with historical periods. Information explaining these non-GAAP measures is provided below under “Non-GAAP Performance Measures”.

ZINC OPERATIONS REVIEW

Mining during the quarter continued in the Mahler, New Fold, and Mud Pond zones at the #4 mine, with additional production initiated from the N2D zone for the first time since May 2023. High-grade ore from the Lower Mahler zone supported above-budget output. N2D production is ramping from 250 to 500 tons per day in Q3.

GRAPHITE UPDATE

Construction of the Kilbourne graphite demonstration plant is advancing, with over half of major equipment being delivered and site installation underway. Commissioning is on track for Q4 2025. Once operational, the facility will be the first to produce natural flake graphite end-to-end in the U.S. in over 70 years. Technical studies for the project are underway.

EXPLORATION UPDATE

The Company added additional 43,942 acres of mineral rights added through lease and option to lease agreements with St. Lawrence County in May of 2025 (See press release dated May 8th, 2025 “Titan Mining Signs Cooperative Agreements with St. Lawrence County, Expands Mineral Tenure to Greater Than 120,000 acres in Upstate New York”).

Titan continues to evaluate the potential of the district for base, industrial, and precious metals. Multiple areas with historically documented graphite mineralization have been identified, with confirmed graphite mineralization within the ESM mineral tenure. The St. Lawrence County agreement has added the Parish Magnetite prospect to the Company’s target list, a possible Iron Oxide Copper Gold (IOCG) occurrence in the historic Adirondack Magnetite Belt.

Underground drill programs in the second quarter of 2025 targeted Mahler, New Fold, N2D and Mud Pond. Underground drilling totaled 21 drill holes and 8,894ft (2,710 m). All underground drilling was completed with Company-owned underground drills by Company employees. Drilling continues to hit mineralization at anticipated grades outside of the existing life of mine model signifying mine life expansion potential.

Surface drilling continued with Company drills in the second quarter with drilling at Pleasant Valley and Pork Creek for a total of 3,154ft (961.3m). Drilling for 2025 is expected to continue at previously outlined targets including Parish.

Quality Assurance and Quality Control

Core drilling was completed using ESM owned and operated drills which produced AWJ (1.374 in) size drill core. All core was logged by ESM employees. The core was washed, logged, photographed, and sampled. All core samples were cut in half, lengthwise, using a diamond saw with a diamond-impregnated blade and sampled on 5 ft intervals with adjustments made to match geological contacts.

After a sample is cut, one half of the core was returned to the original core box for reference and long-term storage. The second half was placed in a plastic or cloth sample bag, labeled with the corresponding sample identification number, along with a sample tag. All sample bags were secured with staples or a draw string, weighed and packed in shipping boxes.

Shipping boxes are placed on pallets and shipped by freight to ALS Geochemistry (“ALS”), an independent ISO/IEC accredited lab located in Sudbury, Ontario, Canada. ALS prepares a pulp of all samples and sends the pulps to their analytical laboratory in Vancouver, B.C., Canada, for analysis. ALS analyzes the pulp sample by an aqua regia digestion (ME-ICP41 for 35 elements) with an ICP – AES finish including Cu (copper), Pb (lead), and Zn (zinc).

All samples in which Cu (copper), Pb (lead), or Zn (zinc) are greater than 10,000 ppm are re-run using aqua regia digestion (Cu-OG46; Pb-OG46; and Zn-OG46) with the elements reported in percentage (%). Silver values are determined by an aqua regia digestion with an ICP-AES finish (ME-ICP41) with all samples with silver values greater than 100 ppm repeated using an aqua regia digestion overlimit method (Ag-OG46) calibrated for higher levels of silver contained. Gold values are determined by a 30 g fire assay with an ICP-AES finish (Au-ICP21).

Mr. Taylor has a fulsome staff of experts on-site that thoroughly review and verify ESM technical data on a regular basis, as described above. For this reason, Mr. Taylor has relied entirely on such verification procedures for verifying the scientific and technical data in this news release. Mr. Taylor has not identified any legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources disclosed herein.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Donald R. Taylor, MSc., PG, Chief Executive Officer of the Company. Mr. Taylor is a qualified person for the purposes of NI 43-101. Mr. Taylor has more than 25 years of mineral exploration and mining experience and is a Registered Professional Geologist through the SME (Registered Member #4029597).

Non-GAAP Performance Measures

This document includes non-GAAP performance measures, discussed below, that do not have a standardized meaning prescribed by IFRS. The performance measures may not be comparable to similar measures reported by other issuers. The Company believes that these performance measures are commonly used by certain investors, in conjunction with conventional GAAP measures, to enhance their understanding of the Company's performance. The Company uses these performance measures extensively in internal decision-making processes, including to assess how well the Empire State Mine is performing and to assist in the assessment of the overall efficiency and effectiveness of the mine site management team. The tables below provide a reconciliation of these non-GAAP measures to the most directly comparable IFRS measures as contained within the Company's issued financial statements.

C1 Cash Cost Per Payable Pound Sold

C1 cash cost is a non-GAAP measure. C1 cash cost represents the cash cost incurred at each processing stage, from mining through to recoverable metal delivered to customers, including mine site operating and general and administrative costs, freight, treatment and refining charges.

The C1 cash cost per payable pound sold is calculated by dividing the total C1 cash costs by payable pounds of metal sold.

All-in Sustaining Costs

AISC measures the estimated cash costs to produce a pound of payable zinc plus the estimated capital sustaining costs to maintain the mine and mill. This measure includes the C1 cash cost and capital sustaining costs divided by pounds of payable zinc sold. AISC does not include depreciation, depletion, amortization, reclamation and exploration expenses.
Q2 2025 Q2 2024

$ $/lb $ $/lb
Pounds of payable zinc sold (millions) 16.0 14.7
Operating expenses and selling costs $ 12,750 $ 0.80 $ 9,652 $ 0.66
Concentrate smelting and refining costs 1,671 0.10 1,913 0.13
Total C1 cash cost $ 14,421 $ 0.90 $ 11,565 $ 0.79
Sustaining capital expenditures 27 0.00 - 0.00
AISC $ 14,448 $ 0.90 $ 11,565 $ 0.79

Net Debt

Net debt is calculated as the sum of the current and non-current portions of long-term debt, net of the cash and cash equivalent balance as at the balance sheet date. A reconciliation of net debt is provided below.
Q2 2025 Q2 2024

Current portion of debt $ 29,135 $ 36,177
Non-current portion of debt 3,254 -
Total debt $ 32,389 $ 36,177
Less: Cash and cash equivalents (8,142) (5,547)
Net debt $ 24,247 $ 30,630

On July 21, 2025, subsequent to the end of Q2 2025, the Company restructured a $16.5 million dollar loan due to a related party. The loan has an approximate three-year term at 8% per annum. Approximately $9 million of the loan has been reclassified as non-current debt, thereby improving the Company’s working capital position significantly.

About Titan Mining Corporation

Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York state. Titan’s goal is to deliver shareholder value through operational excellence, development and exploration. We have a strong commitment towards developing critical minerals assets which enhance the security of the domestic supply chain. For more information on the Company, please visit our website at www.titanminingcorp.com

Contact

For further information, please contact: Investor Relations: Email: info@titanminingcorp.com

Cautionary Note Regarding Forward-Looking Information

Certain statements and information contained in this new release constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). These statements appear in a number of places in this news release and include statements regarding our intent, or the beliefs or current expectations of our officers and directors, including that Titan is on track to commission the first integrated US graphite facility in 2025; expected commissioning in Q4 2025, making Titan the first integrated producer of natural flake graphite in the U.S. in over 70 years; Titan is building the foundation to become a multi-commodity, integrated supplier of critical minerals to the U.S. economy; the Kilbourne graphite first phase processing facility is rapidly progressing toward commissioning; we’re positioning Titan as a future-facing, U.S.-based supplier of both industrial and critical minerals; high-grade ore from the Lower Mahler zone supported above-budget output; N2D production is ramping from 250 to 500 tons per day in Q3; drilling continues to hit mineralization at anticipated grades outside of the existing life of mine model signifying mine life expansion potential; drilling for 2025 is expected to continue at previously outlined targets including Parish. When used in this news release words such as “to be”, "will", "planned", "expected", "potential", and similar expressions are intended to identify these forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to vary materially from those anticipated in such forward-looking statements, including risks related to general business, economic, competitive, political, regulatory and social uncertainties; actual results of exploration activities and economic evaluations being different than modelled; fluctuations in currency exchange rates; changes in project parameters; changes in costs, including labor, infrastructure, operating and production costs in respect of both the Company’s zinc and graphite operations; future prices of zinc, graphite and other minerals; variations of mineral grade or recovery rates; operating or technical difficulties in connection with exploration, development or mining activities, including the failure of plant, equipment or processes to operate as anticipated in respect of both the Company’s zinc and graphite operations; delays in completion of exploration, development or construction activities in respect of both the Company’s zinc and graphite operations; changes in government legislation and regulation; the ability to maintain and renew existing licenses and permits or obtain required licenses and permits in a timely manner; the ability to obtain financing on acceptable terms in a timely manner; contests over title to properties; employee relations and shortages of skilled personnel and contractors; the speculative nature of, and the risks involved in, the exploration, development and mining business; and the factors discussed in the section entitled "Risks Factors" in the Company’s most recent annual information form filed on SEDAR+. Such forward-looking statements are based on various assumptions, including assumptions made with regard to our forecasts and expected cash flows; our projected capital and operating costs in respect of both the Company’s zinc and graphite operations; our expectations regarding mining and metallurgical recoveries in respect of both the Company’s zinc and graphite operations; mine life and production rates in respect of both the Company’s zinc and graphite operations; that laws or regulations impacting mining activities will remain consistent; our approved business plans; our mineral resource estimates and results of the PEA; our experience with regulators; political and social support of the mining industry in New York State; our experience and knowledge of the New York State mining industry and our expectations of economic conditions and the price of zinc and graphite; demand for graphite; exploration results; the ability to secure adequate financing (as needed); the Company maintaining its current strategy and objectives; and the Company’s ability to achieve its growth objectives. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Except as required by applicable law, we assume no obligation to update or to publicly announce the results of any change to any forward-looking statement contained herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement

https://titanminingcorp.com/news/news-releases/titan-mining-delivers-strong-q2-results-on-track-to-commission-first-integrated-us-graphite-facility-in-2025

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