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Wednesday, Oct 8, 2025
Mugglehead Investment Magazine
Alternative investment news based in Vancouver, B.C.
Titan Mining surges after receiving letter of financing interest for graphite operation
Titan Mining surges after receiving letter of financing interest for graphite operation
Titan gave New York government officials a tour of the company's newly commissioned graphite demonstration facility last month. Photo credit: Titan Mining

Mining

Titan Mining surges from letter of financing interest for graphite operation

The Export-Import Bank of the U.S. will potentially provide US$120M for the New York mine

Titan Mining Corp (TSE: TI) (OTCMKTS: TIMCF) was up by over 22 per cent when the market closed on Tuesday after receiving a letter of financing interest from a major financial institution.

In a news release the previous day, the critical minerals company revealed that the Export-Import Bank of the United States has expressed intrigue about financing Titan’s early-stage graphite mining operation in New York. The American export credit agency will potentially provide up to US$120 million, according to the letter.

“This potential financing would represent a substantial portion of the capital required to construct our 40,000-tonne-per-year commercial natural flake graphite facility,” Titan said on social media. “EXIM has recognized ‘Kilbourne’ as a strategic U.S. critical-minerals asset aligned with national priorities that will create high-quality American jobs and strengthen supply chain resilience.”

The development-stage graphite operation will reside next to the company’s operational zinc production complex: Empire State Mines. The aim of the mine and processing complex is to provide a steady supply of graphite required for electric vehicle batteries and power storage units needed for military applications. Graphite’s heat resistant and conductive properties make it ideal for advanced materials required in the aerospace and electronics industries.

The United States currently imports almost all of its graphite, and just like antimony and rare earths, the supply is almost wholly-dominated by the Chinese.

Titan gave New York government officials a tour of its newly inaugurated graphite demonstration plant at Kilbourne last month. They included State Senator Mark Walczyk, Congresswoman Elise Stefanik and New York Assemblyman Ken Blankenbush. It will process about 60,000 tonnes of ore per annum and yield approximately 1,100 tonnes of concentrated graphite. The first quantity is expected to be produced by the end of 2025.

Titan’s potential funding comes as part of the EXIM’s “Make More in America” initiative. The company already secured a US$15.8-million-dollar loan for its zinc and graphite endeavours through this program earlier this year.

The United States Geological Survey considers graphite and zinc to be critical minerals of strategic importance.

Read more: NevGold Corp’s limousine Butte drill program targets first Gold-Antimony resource estimate

 

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