Titan Mining Scores $120M Financing Boost For High-Return Graphite Project Critical To US Security

Titan Mining Corporation (TSX:TI, NYSE-A:TII), NYSE-A:TII), ("Titan" or the "Company") an existing zinc concentrate producer in upstate New York and an emerging natural flake graphite producer (a key component of the broader rare earths and critical minerals ecosystem), today announced positive results from its Preliminary Economic Assessment for the Kilbourne Graphite Project (the "Kilbourne Project Study") and expanded strategic support from the Export Import Bank of the United States ("EXIM") under the Make More in America ("MMIA") initiative.

The Kilbourne Project Study confirms robust economics for the project, with an after-tax NPV(7%) of $513 million, 37% IRR, and 2.7-year payback. In parallel, EXIM has approved an additional $5.5 million of non-dilutive MMIA funding, on similar terms as previously announced, to accelerate feasibility work at Kilbourne (the "Feasibility Study"). EXIM has also issued a non-binding Letter of Interest ("LOI") for up to $120 million of project financing, expected to fund the majority of construction capital, subject to customary due diligence and approvals.

All dollar amounts are stated in U.S. dollars unless otherwise noted.

Highlights

• Critical Materials Complex: Titan's Empire State Mines in New York State is evolving into a multi-metal critical materials complex, anchored by zinc and graphite, with germanium testing underway that could further strengthen the site's role in U.S. defense and semiconductor supply chains.
• Robust Economics: After Tax NPV(7%) for the stand-alone Kilbourne Graphite Project of $513 million, post-tax IRR of 37%, and 2.7-year payback, confirming Kilbourne to be the highest return graphite project in the USA.
• High Margins: Average EBITDA of $125 million through LOM. Blended EBITDA margins of 58-69% supporting resilient returns across market cycles.
• Scale & Impact: Average production of ~40,000 metric tonnes per annum of graphite concentrate, at nameplate capacity, nearly 50% of current U.S demand, from an integrated operation in New York State.
• Expanded United States Government partnership:
  • EXIM has approved an additional $5.5 million of non-dilutive funding under MMIA, on similar terms as previously announced, to accelerate resource drilling, metallurgical test work, and engineering work programs for the Feasibility Study. This is the first Feasibility Study for a domestic project funded by EXIM, underscoring the strategic importance of fast-tracking Kilbourne.
  • EXIM has also issued a $120 million LOI expected to cover the majority of the construction capital, materially de-risking financing and underscoring the Project's strategic role in U.S. national security and defense supply chains.
• Capital Efficiency: Initial construction capital of $156 million, leveraging existing Empire State Mine infrastructure, government financing programs, and cash flow from Titan's zinc operations to minimize dilution and execution risk.
• Product Strategy: Initial output of Concentrate, Micronized Natural Flake Graphite (NFG), and Purified Micronized Graphite (PMG), with transition to Coated Spherical Purified Graphite (CSPG), all critical inputs for industrial, defense and energy sectors.
• Significant Exploration Upside: The Kilbourne Project Study is underpinned by an Inferred Mineral Resource of 22.4 million tons grading 2.91% Cg (653,000 tons contained graphite), based on a 1.5% Cg cut-off grade. Significant exploration upside remains, with only 30% of the known strike length drilled to date.
• Near-Term Production Pathway: Qualification sales production commencing in Q4 2025 with customer qualifications commencing Q1 2026. The demonstration facility significantly de-risks the Kilbourne Project, accelerates time-to-market, and provides early validation of Titan's downstream processing strategy.
• Fast Tracking Development: Feasibility Study in 2026 with targeted start of construction in 2027.
• Job creation & economic impact: Project expected to create approximately 160 additional permanent positions, establishing a total workforce of over 300 employees across ESM operations in upstate New York, while generating tax revenue and local economic benefits for St. Lawrence County and New York State.
• Zinc operations: Ongoing production from the Empire State Mine provides cash flow stability, with production expected to grow incrementally. Exploration potential across Titan's land package and operational synergies with the Kilbourne Project further enhance value and reduce execution risk.