Titan Mining Advances Towards NYSE American Listing
Titan Mining Corporation (TSX: TI; OTCQB: TIMCF) is rapidly progressing towards its goal of listing on the NYSE American. As a zinc concentrate producer located in upstate New York and an emerging natural flake graphite operator, Titan is positioning itself as a crucial player in the critical minerals landscape. The administrative steps required for this transition are currently underway, marking a significant move for the Company.
Board Approval and Consolidation
In light of the listing process, Titan’s Board of Directors has sanctioned a share consolidation plan. This involves consolidating every 1.5 shares into one new Common Share. This initiative aims to align Titan with typical U.S. market standards and will not alter any shareholder’s proportional ownership in the Company. After the consolidation and the approval from the NYSE American, Titan’s shares are projected to begin trading under the symbol "TII." The OTCQB trading will persist until the NYSE transactions commence, while TSX trading will continue under the symbol "TI."
Importance of the Consolidation
The decision to consolidate shares reflects Titan's strategy to adopt practices familiar to U.S. markets. This realignment is essential as Titan seeks to attract a wider base of U.S. investors and elevate its standing in the competitive landscape of critical materials.
Management Insights
Rita Adiani, the President and CEO of Titan Mining, expressed the significance of this transition. She stated, "Securing NYSE American pre-clearance is a crucial milestone in Titan’s growth trajectory. We are eager to enhance our U.S. investor base while building a leading critical-materials platform within the country.”
Future Ambitions
Titan Mining's ambitions extend beyond the current changes. The Company is dedicated to increasing production capabilities at its 100%-owned Empire State Mine while launching into natural flake graphite production. The goal is to become the first comprehensive producer of natural flake graphite in the USA in nearly 70 years, thus supporting domestic supplies of critical minerals.
About Titan Mining Corporation
Titan Mining Corporation is a member of the Augusta Group engaged in the production of zinc concentrate at its Empire State Mine. In addition, Titan is entering the flake graphite market, aiming to play a significant role in enhancing the security of the domestic mineral supply chain. The Company is dedicated to delivering shareholder value through operational excellence, development, and exploration.
Contact Information
For inquiries, the media and investors can reach out to Irina Kuznetsova, Director of Investor Relations, at (778) 870-7735 or via email at info@titanminingcorp.com.
Frequently Asked Questions
What is the main goal of Titan Mining's recent announcement?
Titan Mining aims to list on the NYSE American, thereby enhancing its presence in the investor market.
How will the consolidation affect existing shareholders?
The share consolidation will not change the shareholders' proportional ownership in Titan Mining.
What symbol will Titan Mining trade under on the NYSE American?
Once approved, Titan Mining shares are expected to trade under the symbol "TII" on the NYSE American.
What is Titan Mining's primary product?
Titan Mining primarily produces zinc concentrate but is also committed to producing natural flake graphite.
Who can investors contact for more information about Titan Mining?
Investors can contact Irina Kuznetsova, Director of Investor Relations, for more information.
