Titan Mining Announces Concentrate Offtake Agreement and Management Appointments
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Titan Mining Announces Concentrate Offtake Agreement
and Management Appointments
Vancouver, B.C., February 26, 2018 – Titan Mining Corporation (“Titan” or the “ Company”)
(TSX:TI) is pleased to announce that it has concluded an offtake agreement with Glencore for
100% of the zinc concentrate from its Empire State Mine in upper New York State.
Concentrate Offtake Agreement
The long-term contract will commence on the first production of concentrate from the Empire State
Mine. Zinc concentrate is expected to be transported within North America. It is anticipated that
commercial production will be achieved early in the second quarter of 2018.
“This is an important milestone for Titan, and assures a long-term home for our zinc concentrate,”
said Richard Warke, President and Chief Executive Officer.
Keith Boyle, Chief Operating Officer, added: “The agreement with Glencore ensures that
transportation logistics are very simple and low risk. Equally important is that payments will be
more frequent than market standards , thereby minimizing working capital requirements at the
mine site.”
Management Appointments
Eric Strom will join Titan on March 5, 2018, as Vice President, Projects and Innovation. Mr. Strom
has over 20 years of industry experience in precious and base metal s mine development and
operations in Canada and Australia. He was most recently Director, Underground Mining for New
Gold Inc., and previously worked for Placer Dome Inc., Goldcorp Inc., Rio Tinto and China
Molybdenum Company Limited. Mr. St rom led the implementation of the world’s first fully
automated underground hard rock mine at Northparkes Mines Australia, and will contribute to the
ramp-up, growth and modernization of the Empire State Mine , key elements of the Company’s
growth strategy.
Scott Burkett has been appointed as Titan’s Vice President, Exploration. Mr. Burkett has over 10
years of experience in mineral exploration, ore control, geologic modeling, resource estimation
and database management. Prior to joining the Company, Mr. Burkett worked for Arizona Mining
Inc., where he served as Chief Geologist for the Hermosa Project, and was instrumental in
designing programs which resulted in significant expansion of the mineral resources. Mr. Burkett
also brings experience in explorati on and ore control from previous roles at Metal Mining
Consultants Inc., First Solar , Inc., Hycroft Resources & Development, Inc. (Allied Nevada Gold
Corp.) and Yamana Gold Inc.
“We are very pleased with the addition of Eric to the team, and the promotion of Scott within the
Augusta Group,” stated Richard Warke. “ Eric’s expertise in innovation and optimization will be
invaluable at our Empire State Mine and in the revival of this historic mining district. Scott is an
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exceptional geologist and his talents will be applied to helping us find new deposits on the 80,000-
acre land package that we control.”
About Titan Mining Corporation
Titan is a Canadian -based zinc exploration and development company with its principal asset
being the Empire State Mine in the State of New York. For more information on the Company,
please visit our website at www.titanminingcorp.com.
Cautionary Note Regarding Forward-Looking Information
This press release contains certain forward -looking state ments. Words such as “expects”,
“anticipates” and “intends” or similar expressions are intended to identify forward -looking
statements. Forward -looking information is necessarily based on a number of opinions,
assumptions and estimates that, while considered reasonable by the Company as of the date of
this press release, are subject to known and unknown risks, uncertainties, assumptions and other
factors that may cause the actual results, use of proceeds or timing of events to be materially
different from those expressed or implied by such forward -looking information, including but not
limited to the factors described in greater detail in the “Risk Factors” section and other sections
of the final prospectus available at www.sedar.com. No securities regulator y authority has
expressed an opinion about the securities described herein and it is an offence to claim otherwise.
Titan undertakes no obligation to publicly update or revise any forward -looking statements,
whether as a result of new information, future events or otherwise, except as may be required by
law.
Contact
For further information, please contact:
Jerrold Annett – Senior Vice President, Corporate Development
Telephone: 416-366-5678 Ext. 207 | Email: [email protected]
Jacqueline Allison – Vice President, Investor Relations and Strategic Analysis
Telephone: 416-366-5678 Ext. 205 | Email: [email protected]