Titan Mining Corporation Highlights Strong Q2 Performance
Titan Mining Corporation Reports Exceptional Second Quarter Performance
GOUVERNEUR, N.Y. and VANCOUVER, British Columbia – Recently, Titan Mining Corporation (TSX: TI; OTCQB: TIMCF) reported remarkable financial and operational results for the quarter ending June 30. The company achieved its production targets at the Empire State Mines LLC ("ESM") and is set to become the first end-to-end producer of natural flake graphite in the United States by 2025.
Key Highlights from Q2 2025
In the latest quarter, Titan Mining Corporation achieved several significant milestones that are a testament to its efficient operations and strategic initiatives:
- Payable zinc production reached 15.5 million pounds, marking a 7% increase from the previous year.
- Revenues amounted to $16.3 million, with C1 cash costs and All-In Sustaining Costs (AISC) recorded at $0.90 per pound.
- Operating cash flow was reported at $2.4 million.
- The company successfully reduced its net debt by 21% compared to the second quarter of last year.
- By the end of the quarter, Titan had a cash balance of $8.1 million.
- Secured financing of $15.8 million from EXIM Bank, marking the first direct mining loan under the Make More in America Initiative.
- Exceptional safety performance was highlighted, with an injury frequency rate significantly below the national average in the U.S.
- Acquired over 40,000 acres of mineral rights through lease agreements, expanding its mineral tenure to beyond 120,000 acres and enhancing exploration prospects for zinc, graphite, and other minerals.
- Construction of the graphite processing facility at the ESM site is progressing, with over 50% of major equipment already delivered.
- Anticipated commissioning of the facility in the fourth quarter of 2025 positions Titan as a leader in U.S. graphite production.
Leadership Insights
Don Taylor, CEO of Titan, reflected on the company’s performance, stating, "Our Q2 results reflect strong execution at ESM, demonstrating consistent production and efficient cost control. As we advance our graphite project from concept to construction, we’re effectively laying the groundwork to be an integrated supplier of essential minerals for the U.S. economy."
Moreover, President Rita Adiani noted, "Titan’s innovative dual-commodity strategy is paying dividends. With our zinc operations generating steady cash flow, the rapid advancement of the Kilbourne graphite processing facility is setting us up as a vital supplier of both industrial and critical minerals in the U.S. market."
Zinc Operations Overview
Dive into the operational aspects where mining occurred in the Mahler, New Fold, and Mud Pond zones at the #4 mine. Notably, production began in the N2D zone after a hiatus since May 2023, taking advantage of high-grade ore from the Lower Mahler zone to exceed output expectations. For Q3, production from N2D is projected to ramp up from 250 to 500 tons daily.
Graphite Facility Construction Update
Efforts are well underway for the Kilbourne graphite demonstration plant with the delivery of key equipment nearing completion and site installation actively progressing. The commissioning is slated for Q4 2025, allowing Titan to mark a significant return to domestic natural flake graphite production after a 70-year hiatus. Ongoing technical studies are evaluating the project’s viability.
Exploration Efforts and Results
This quarter also saw an expansion in mineral rights, increasing the area under Titan's control and opening avenues for exploration in base and precious metals. Noteworthy findings were made in areas previously identified for graphite mineralization. The agreement with St. Lawrence County has also placed the Parish Magnetite prospect on Titan's target list, which aligns with potential iron-oxide copper-gold deposit findings.
Drilling determined 21 holes through various zones, revealing promising mineralization at expected grades, which signals opportunities for mine life expansion.
Quality Assurance Procedures
Titan follows stringent quality assurance and control measures through an experienced team that oversees drilling and sampling. This ensures all geological data is verified accurately and contributes to the overall reliability of the exploration results.
About Titan Mining Corporation
Titan, part of the Augusta Group, is committed to delivering shareholder value by focusing on operational excellence, development, and exploration. The company emphasizes enhancing the domestic supply chain of critical minerals. To learn more, visit their official site at www.titanminingcorp.com.
Contact Information
For further inquiries, please reach out: Investor Relations: Email: info@titanminingcorp.com
Frequently Asked Questions
1. What are the key achievements of Titan Mining in Q2 2025?
Titan Mining reported a 7% increase in payable zinc production, revenues of $16.3 million, and successfully reduced net debt by 21% compared to Q2 2024.
2. When is Titan's graphite processing facility expected to be operational?
The graphite processing facility is expected to be commissioned in Q4 2025, marking significant progress in domestic natural flake graphite production.
3. How has Titan addressed operational safety?
Titan reported a strong safety performance with an injury frequency rate considerably lower than the national average in the U.S., underscoring their commitment to worker safety.
4. What is Titan Mining's strategy regarding dual commodities?
The company is executing a dual-commodity strategy, focusing on zinc operations that generate cash flow and progressing their graphite facility towards commissioning.
5. How does Titan Mining ensure the integrity of its exploration data?
Titan employs rigorous quality assurance and control processes with experienced staff reviewing all technical data to ensure accuracy and reliability in their exploration efforts.
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