Titan Mining Closes US$15 Million Institutional Financing to Advance U.S. Graphite Strategy
Titan Mining Closes US$15 Million Institutional Financing to Advance U.S.
Graphite Strategy
GOUVERNEUR, N.Y., Dec. 18, 2025 -- Titan Mining Corporation ( TSX:TI, 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), has closed its previously announced US$15 million private placement
(the “Offering”), providing the Company with additional financial flexibility to advance the Kilbourne Graphite Project
(“Kilbourne”) and execute on its U.S. graphite growth strategy.
“This financing puts Titan in a strong position to move Kilbourne forward with clarity and momentum,” said Rita Adiani,
President & CEO of Titan Mining . “With this capital supporting the next phase, our priority is advancing feasibility work and
continuing to build a scalable, U.S.-based natural graphite platform aligned with critical supply-chain needs .”
The Offering was completed through the issuance of 6,666,666 special warrants (each, a “Special Warrant”) at a price of
US$2.25/C$3.10 per Special Warrant, for gross proceeds of approximately US$15 million. Each Special Warrant will, upon
satisfaction of certain conditions and for no additional consideration, automatically convert into one common share of the
Company and one common share purchase warrant (each, a “Warrant”).
Maxim Group LLC acted as exclusive placement agent in connection with the Offering.
Each Warrant will be exercisable for a period of up to three years following issuance, with 50% of the Warrants exercisable at
a 35% premium to the Issue Price and the remaining 50% exercisable at a 65% premium to the Issue Price. The Company
may call the Warrants if its common shares trade at greater than 150% of the applicable exercise price for 15 trading days
within any 30-day period, upon providing 30 days’ prior notice.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”),
and may not be offered or sold in the “United States” or to “U.S. Persons” (as such terms are defined in Regulation S under S
under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws
or in compliance with applicable exemptions therefrom. This news release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful.
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 also an emerging natural flake graphite producer and targeting to be the USA’s first end to end producer of
natural flake graphite in 70 years. Titan’s goal is to deliver shareholder value through operational excellence, development and
exploration. We have a strong commitment towards developing critical minerals assets which enhance the security of the
domestic supply chain. For more information on the Company, please visit our website at www.titanminingcorp.com
Media & Investor Contact
Irina Kuznetsova
Director, Investor Relations
Phone: (778) 870-7735
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 that our priority is advancing feasibility work and continuing to build a
scalable, U.S.-based natural graphite platform aligned with critical supply-chain needs. 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 risks relating to cost increases for capital and operating costs; risks of shortages and
fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of zinc and graphite; the inherently
hazardous nature of mining-related activities; potential effects on our operations of environmental regulations in New York
State; risks due to legal proceedings; and risks related to operation of mining projects generally and the risks, uncertainties
and other factors identified in the Company's periodic filings with Canadian securities regulators and the United States
Securities and Exchange Commission. Such forward-looking statements are based on various assumptions, including
assumptions made with regard to our forecasts and expected cash flows; our projected capital and operating costs; our
expectations regarding mining and metallurgical recoveries; mine life and production rates; that laws or regulations impacting
mining activities will remain consistent; our approved business plans; our mineral resource estimates and results of the
preliminary economic assessment; our experience with regulators; political and social support of the mining industry in New
York State; our experience and knowledge of the New York State mining industry and our expectations of economic
conditions and the price of zinc and graphite; demand for graphite; exploration results; 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.