Titan Announces Fourth Cash Dividend
1
Titan Announces Fourth Cash Dividend
Vancouver, B.C., June 16, 2022 – Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”)
announces that its Board of Directors has declared a special cash dividend of C$0.01 per common
share (the “Dividend”) for an aggregate distribution of approximately C$1.4 million based on the
current number of shares outstanding.
Don Taylor, President and CEO, commented, “Paying a special dividend for our fourth consecutive
quarter is a milestone for the Company and is a testament to our dedicated management and workforce,
who have succeeded in a rapidly changing environment challenged by health, manpower and supply
chain issues as well as rising costs associated with inflation. We remain focused on the operations to
keep costs low to maintain margins while increasing ore throughput.”
The Dividend is payable on July 15, 2022, to shareholders of record as of the close of business on
June 30, 2022.
The Dividend will be designated an “eligible dividend” for Canadian tax purposes. The declaration,
timing, amount, and payment of future dividends remains at the discretion of the Board of Directors.
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 built for growth, focused on value and committed to excellence.
For more information on the Company, please visit our website at www.titanminingcorp.com.
Contact
For further information, please contact:
Investor Relations:
Email: [email protected]
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 the timing of payment of the Dividend. 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 the risks, uncertainties and other factors identified in the Company's
periodic filings with Canadian securities regulators. Such forward-looking statements are based on
2
various assumptions, including assumptions made with regard to the ability to advance exploration
efforts at ESM; the results of such exploration efforts; 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.